Donald Trump blames China for biggest theft in U.S. history

Donald Trump blames China for biggest theft in U.S. history. Donald Trump tells me we’re getting hosed by the Chinese — and that we’ve done it with our eyes wide shut. On the phone Tuesday, I asked the Republican way-out-front-runner about China, whose tanking economy caused a near-disaster on Wall Street on Monday and whose economic hold on the U.S. — and the world — will continue to cause international markets to roller-coaster. “What China has done to America?” he raged. “The money and the jobs they’ve taken from us? It is the greatest single theft in the history of the United States.” In other words, China is to the United States as Bernie Madoff is to investors. “And Japan is almost as bad,” he stormed. “Japan sells us millions of cars — and we sell them wheat! “I’ve been saying for years that China would take us down. Why? Because our leaders are stupid and China’s leaders are smart. They sell to us, no taxes, no nothing. We sell them 10% of what they sell us. Ninety percent to 10%! It’s crazy. Our trade deficit with China is like having a business that continues to lose money every single year. Who would do business like that?” Answer: The U.S. government? And Bubba. When Bill Clinton was President, he pushed the entrance of China into the World Trade Organization, predicting that China would “increase U.S. jobs and reduce our trade deficit.” No wonder Bubba’s also called “President Outsource.” Somehow, the opposite happened. According to the Economic Policy Institute, between 2001 and 2013, the trade deficit with China “eliminated or displaced 3.2 million U.S. jobs, 2.4 million of which were in manufacturing. These lost manufacturing jobs account for about two-thirds of all U.S. manufacturing jobs lost or displaced.