This is a well reasoned analysis, however it is also a very one sided analysis. Trade involves much more than mere markets and economics. For trade to benefit all parties involved, it does need to be fair, and free of extortion. That has not bee fully realized with our association with China. Besides economics, we also must consider national security issues with trade. I think that there is a minimum amount of production in certain industries, particularly of raw material and essential commodities, which needs to reside within a country, as a matter of national security, as a precaution against wars and natural disasters, as competitive leverage in trade, and to continue to develop industry expertise. Our policies should reflect these needs, but also be broad enough to not serve as crutches for obsolete technologies.