He sends us everything...We send him IOUs...That’s a massive benefit for us.
The caveat I'd include is definition of terms is needed. "Us/we" is the government and multinationals, not the people.
We Government/multinationals send China our jobs, to take advantage of their slave state, and in turn gets more affordable but inferior products, which are then sold at massively above cost because of our disproportionately richer economy.
He sends us everything from cars to mcdonalds toys.
We send him IOUs which we now plan to CANCEL.
That’s a massive benefit for us.
The caveat I'd include is definition of terms is needed. "Us/we" is the government and multinationals, not the people.
WeGovernment/multinationals send China our jobs, to take advantage of their slave state, and in turn gets more affordable but inferior products, which are then sold at massively above cost because of our disproportionately richer economy.The American people are not benefiting.
Offshoring our manufacturing to them is a benefit to the 1%, not to "us".
Offshoring our manufacturing to China is definitely going to hurt us all in the long run.
Especially if a war breaks out.
But them taking worthless pieces of paper for actual products and commodities was a good trade for us. Biden is now working to undermine that.
Please define who you mean by "us" here. It sure as fuck hasn't benefited me in any way.