Last year, U.S. exports to China amounted to less than 2 percent of total exports. We sold more to Singapore and Belgium than to China. Second, China's industrial policy shows it has no intention of becoming dependent on imports. Third, far from selling America Christmas toys, sweaters and sneakers, China's exports to the United States are becoming more complex and sophisticated, while our exports to China are becoming less so. We take up to 40 percent of China's exports.
China treats America like a colony, a source of raw material.
Europe and Japan manage trade with China far better.