Is Trump Calling Out Xi Jinping?
by Patrick Buchanan via Buchanan.org,
ZeroHedge.com
Dec 6, 2016
Like a bolt of lightning, that call of congratulations from Taiwan President Tsai Ing-wen to President-elect Donald Trump illuminated the Asian landscape.
We can see clearly now the profit and loss statement from more than three decades of accommodating and appeasing China, since Richard Nixon and Henry Kissinger made their historic journey in 1972.
What are the gains and losses?
Soon after Nixon announced the trip in July 1971, our World War II ally, the Republic of China on Taiwan, was expelled from the UN, its permanent seat on the Security Council given to the People’s Republic of China’s Chairman Mao, a rival of Stalin’s in mass murder.
In 1979, Jimmy Carter recognized the regime in Beijing, cut ties to Taipei and terminated the Sino-American Mutual Defense Treaty of 1954. All over the world countries followed our lead, shut down Taiwan’s embassies, and expelled her diplomats. Our former allies have since been treated as global pariahs.
During the 1990s and into the new century, Republicans, acting on behalf of the U.S. Chamber of Commerce and Business Roundtable, voted annually to grant Most Favored Nation trade status for China. They then voted to make it permanent and escort China into the WTO.
What did China get out of the new U.S. policy? Vast investment and $4 trillion in trade surpluses at America’s expense over 25 years.
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