Republican frontrunner Donald Trump has built his presidential campaign on one main economic pillar: that the US economy — and its job market — has been decimated by competition from abroad and particularly an unfair trading relationship with China over the past 15 years. America has stopped “winning”, the businessman argues.
It is a message that is calculated to target the blue collar voters who have borne the brunt of the impact on jobs and industry that came with the emergence of China as a trading superpower.
But it is also an argument that looks increasingly out of date and at odds with the realities of the global economy and globalisation.
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