As you’re deafened by the rhetoric, understand this basic reality: if Chinese producers desire to make stuff to sell American consumers at prices much lower than the same stuff made in America would demand, Chinese producers really want U.S. dollars. Which means Americans produce stuff Chinese folks want to consume, and/or assets they want to invest in.
So, as you eyeball the made in China label on your next physical purchase, understand that there’s no need to suppress those patriotic impulses. For, in buying that China-made item you’ll be supporting the U.S. energy industry. Not to mention all of the other U.S. merchants who’ll capture a slice of what you saved in the process.
China Surpasses Canada as Biggest U.S. Crude Oil Customer: China’s imports of crude oil from the U.S. quadrupled in February, vaulting the nation past Canada to the top of the list of American oil customers. Bloomberg….