American business has become dependent on China even though China continually violates World Trade Organization (WTO) rules by heavily subsidizing certain industries and manipulating its currency. Consequently, Chinese exports are underpriced and China controls the global market for strategic industries such as green energy. The Obama administration has not taken any measures (such as placing tariffs on underpriced Chinese imports) to deal with this problem. Last Thursday the United Steel Workers filed a lengthy complaint with US trade officials detailing China’s WTO violations. Lawmakers would do well to heed the Steel Workers’ complaint. Conservatives who fear government control at home ought to see that government control in the form of a Chinese manufacturing monopoly is just as great a threat to the American economy.
Meyerson is a weekly columnist for The Post, writing mainly about politics.