LIVE | Jeffrey Sachs DESTROYS 'China Threat' Narrative - Reveals US is the REAL Problem" |World News
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LIVE | Jeffrey Sachs DESTROYS 'China Threat' Narrative - Reveals US is the REAL Problem" |World News
Jeffrey Sachs defended China's trade practices at a UN Security Council meeting, arguing that Beijing is not responsible for the U.S. trade deficit and that bilateral trade benefits both nations. Sachs told diplomats that America's trade imbalance stems from domestic factors - low savings rates and massive federal budget deficits totaling $2 trillion annually - rather than Chinese unfair practices, calling U.S. tariffs against China "utterly unjustified" and economically counterproductive.
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