An organization that lobbies for American industry says President Donald Trump is going easy on China.
Speaking at an appearance with Chinese President Xi Jinping, President Trump this week blamed the nearly $300 billion trade deficit on past U.S. administrations. He also predicted a "more prosperous future" if both countries can achieve a "level, economic playing field" over trade.
Trump went on to describe a "one-sided and unfair" trade deficit but stated publicly, with Jinping standing beside him, that he didn't blame China for the lop-sided economics but previous U.S. administrations.
"After all," Trump stated, "who can blame a country for being able to take advantage of another country for the benefit of its citizens?"
Scott Paul, president of the Alliance for American Manufacturing, says his organization is bitterly disappointed with the President's failure to demand systematic reforms in our economic relationship with China.
"Business deals are always welcome but there are no substitutes for firmer U.S. policy toward China or for demanding more from China's leaders on economic reform," Paul states in an email to OneNewsNow.
Paul's email went on to state:
There has been no tangible progress in reducing China's mammoth industrial overcapacity in sectors such as steel, aluminum, and semiconductors. There have been no brakes applied to China's drive for even more all-encompassing state capitalism and control over technology. And, I see nothing in the president's trip that will measurably reduce our bilateral trade deficit with China.