How Trump’s obsession with China could turn America into Japan – POLITICO

William Pesek
For all his chest-thumping about low unemployment and stock gains, Trump isn’t getting under the hood of an economy being challenged by nimbler upstarts such as China, India and South Korea. None of Trump’s policies will increase U.S. productivity, reduce inequality or pressure executives to raise salaries. After Ronald Reagan’s tax cuts in the 1980s nor George W. Bush’s in the 2000s, companies prioritized share buybacks, dividends, paying down debt, and mergers and acquisitions — …

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