China Illegally Subsidized Aluminum Products. We Should Say Thank You

The New York Times reports on some not unusual American trade lunacy:

The Obama administration, under Congressional pressure to take a tough stance on Chinese trade policies, determined on Tuesday that Beijing had unfairly subsidized $514 million in aluminum products last year.

If anything, the Obama administration should openly cheer this news. What China is essentially doing is subsidizing the American consumer. They are voluntarily providing the American consumer with foreign aid. Who are we to complain?

I know what the opposition will say: “This threatens American jobs.” Sure it does, but it creates even more. If aluminum is cheaper Americans will have more money to spend elsewhere. This will create new jobs in other industries. If Obama truly cared about employment, not just appeasing special interest groups, he would at least take this to mind.

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