China upset over potential US trade deal with Japan
A deal spearheaded by the U.S .and Japan has provoked the ire of China.
The proposed 12-nation pact aims to strengthen trade between the U.S. and Asia. China won’t be included. Japanese prime minister Shinzo Abe will met with President Obama in Washington to try to work out the details.
Peter Navarro is a professor of economics at UCI and the director of the documentary, “Death by China.” He tells Take Two that there was no way China was going to be included in the deal:
“The last time we signed a free-trade pact with them, which was back in 2001 … [China] gets in and they basically break every rule of the World Trade Organization. They manipulate the currency, they use illegal export subsidies, they steal our intellectual property, they have absolutely no environmental health and safety regulations that they comply with, and so the idea of letting them in again is a non-starter politically, because we know they cheat.”
Press the play button above to hear our conversation with Peter Navarro.