Let the Chinese produce inexpensive consumer goods for us. We benefit from it as much as they do.
We export know-how.
Ignore the anti free traders who think we’re being left in the dust. Free trade is a win-win.
This information is from the U.S. Chamber of Commerce’s Chamber Post:
The World Trade Organization (WTO) today issued its World Trade Report 2010, an annual publication that offers definitive statistics on international trade. In recent months, media reports have widely described China as the world’s largest exporter, but today’s report indicates that the United States remained the world’s largest exporter of goods and services through 2009. China has indeed overtaken the United States and Germany to become the world’s largest exporter of merchandise.
|Exports in 2009, billions of U.S. dollars|
Source: WTO, World Trade Report 2010, pp 28-29.
Thanks to Cafe Hayek for this.