If the US doesn’t write the rules of international trade, President Barack Obama warns, China will. In fact, China is already helping write those rules, and in some ways has jumped ahead of the game.
There’s intense competition between the US and China for economic influence in the world. As Obama seeks to persuade lawmakers to back his trade agenda, he has cast that competition as an economic threat.
“They’ll write those rules in a way that gives Chinese workers and Chinese businesses the upper hand, and locks American-made goods out,” the president said in Oregon this month. Click here to read more.