To the extent that those better protections increase the profits of American firms in China, American firms like Tesla will invest even more in China. Trump doesn’t understand a basic reality of today’s global economy: the profitability and competitiveness of American corporations aren’t the same as the wellbeing and competitiveness of Americans. Tesla delivers first China-made cars from $5bn Shanghai factory Read moreAbout 30% of the shareholders of large American corporations aren’t even American. Even when it comes to technologies linked to national security, American firms have no particular allegiance to America. His economic nationalism continues to champion American corporations, not American workers.

Source: The Guardian January 11, 2020 07:52 UTC