Wednesday, November 2, 2016

Germans Say "Reciprocity"

The Wall Street Journal has an article on the increasing tensions between Germany and China over trade, quoting as follows:

"German Chancellor Angela Merkel’s spokesman, Steffen Seibert, said Monday that Germany was 'right in being open toward investments from abroad and, of course, from China,” but stressed a need for “fair investment and competition conditions in an international context.'
'The key here is reciprocity,' Mr. Seibert said. Germany 'must be protected effectively against unfair competition,' he said."
Finally, somebody is saying the right word about trade with China.  China has done every kind of international deal favoring only their own country and expects the rest of the world to live with it.  The U.S would do well to view what they are doing in the same light.  

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