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China-U.S. trade deficit is the result of the U.S.' accounting model, not China's trading practices. China's growing confidence and its rapid development led the U.S. to make it the enemy to justify its large military spending, says Paul Craig Roberts, former U.S. Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan.[embedded content]
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China-U.S. trade deficit is the result of the U.S.' accounting model, not China's trading practices. China's growing confidence and its rapid development led the U.S. to make it the enemy to justify its large military spending, says Paul Craig Roberts, former U.S. Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan.[embedded content]
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China-U.S. trade deficit is the result of the U.S.' accounting model, not China's trading practices. China's growing confidence and its rapid development led the U.S. to make it the enemy to justify its large military spending, says Paul Craig Roberts, former U.S. Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan.