... the economy of the United States is astoundingly strong: full employment, an expanding work force, negligible inflation and about three per cent economic growth. And it is a broad economic recovery, not based on service industries as in the United Kingdom (where London handles most of Europe’s financial industry, while most of British industry has fled), and not based largely on the fluctuating resources markets as has often been Canada’s experience. In the eight years of president Obama, the United States lost 219,000 manufacturing jobs; in the two years of Trump, the country has added 477,000 manufacturing jobs. This was not supposed to be possible, and this time, unlike in the great Reagan boom, it cannot be dismissed by the left (and it was false in the eighties) as a profusion of “hamburger flippers, dry cleaners and people delivering pizza,” (all necessary occupations).
It is clear that China is feeling the heat of American tariffs. Their magnificent hypocrisy of gamboling in a $360-billion trade surplus with the United States while extorting technology from American companies and reducing American high-tech giants like Apple and Google to snivelling on China’s behalf when their sales in that country are reduced, and all the while leading G-77 in cupped-hands requests for relief from the economically most advanced countries for their pollution of the world environment (although China is the world’s greatest polluter), all of it is ending. The United States will not be the world’s premier chump anymore. The most enthusiastic support the United States is receiving in its trade stance with China is from China’s neighbours, from India to Japan. Of course China is the world’s second-greatest power and must be treated with respect, but that does not mean the shameless grovelling of Trump’s predecessors, paying court to Beijing like lackeys kowtowing to the emperors of the Middle Kingdom.