To some extent, we allowed nations to treat us unfairly in trade, but we allowed them to do it because we didn't want those countries to become victim to a communist revolution that would overthrow. But then we kept it going. And so today There are multiple countries around the world that are fully developed economies, but whom we have enormous trade imbalances. because they want to continue that system moving along, and that has to be corrected. But here's the final point and here's why this is also critical. (16:57–17:05)
CLAIM
Asserts that the U.S. has trade imbalances with fully developed economies.
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