Friday, April 13, 2018
Later Monday, the American president said he did not blame the Chinese for the American trade deficit. “They have really done a number on this country,” he said at the beginning of the Cabinet meeting, referring to China’s officials. “And I don’t blame China. I blame the people running our country. I blame presidents, I blame representatives, I blame negotiators. We should have been able to do what they did. We didn’t do it. They did. And it’s the most lopsided set of trade rules, regulations that anybody has ever seen.”
Trump’s got a point. Former President Bill Clinton’s officials agreed to the different rates when negotiating China’s accession to the World Trade Organization, the global trading body.
Clinton, in accepting that disparity, was perhaps arrogant, thinking China was a long way from making cars for the American market. Yet General Motors began exporting to the United States the China-made Buick Envisions, a popular SUV, in 2016.
Somebody was telling me the prestige vehicle to drive in China was a Buick. I bet this is it -- the Envision. Never heard of it.