We Must Stand Up to Japan (Oops, I Meant China)

I was reading the transcript of a recent Hillary Clinton campaign speech when I got that weird feeling of déjà vu. Clinton was in Pittsburgh, going on and on about trade with China. She promised to "stand up to China and other non–market countries," which, she claimed, "subsidize their exports and put our manufacturers at a disadvantage." The U.S. needs "to immediately and aggressively crack down on China's unfair trade practices," including "currency manipulation," which she deemed "outrageous." Her goal, she said, was "leveling the playing field for our manufacturers with smart fair trade."

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