I am not an economist so I can’t punch any holes in his economic theory. But the Chinese can produce goods that we import from them much more cheaply than we can because of their cost of labor. So how are they losing money by U.S. importing comparative goods from them? Granted they do sell us some low quality goods that Americans buy without regard for quality. The U.S. would probably have never produced that kind of low quality crap.
They are only losing money if they are “dumping” which is selling goods for less than their cost. As someone famous said “You can’t make that up on volume.”
haroldblackphd.com 
I am not an economist so I can’t punch any holes in his economic theory. But the Chinese can produce goods that we import from them much more cheaply than we can because of their cost of labor. So how are they losing money by U.S. importing comparative goods from them? Granted they do sell us some low quality goods that Americans buy without regard for quality. The U.S. would probably have never produced that kind of low quality crap.
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They are only losing money if they are “dumping” which is selling goods for less than their cost. As someone famous said “You can’t make that up on volume.”
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