America’s collision course with China

China-bashing aside, imports have drastically improved the quality of life of American workers, saving families $850 annually

May 20, 2018 10:58 AM (UTC+8)
The US/China trade deficit may be huge but Chinese manufacturer Foxconn earns just $7.40 for every $800 iPhone that is sold; most of the value goes to Americans. Photo: Reuters/Tyrone Siu
The US/China trade deficit may be huge but Chinese manufacturer Foxconn earns just $7.40 for every $800 iPhone that is sold; most of the value goes to Americans. Photo: Reuters/Tyrone Siu
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