Cyrus Janssen how the U.S. benefits from trade with China

It is true, when Richard Nixon went to China almost 50 years ago and began this relationship between the United States and China, and the 1980s, when China started to embrace these capitalistic measures, there certainly was some elements from Western culture that helped revitalized the Chinese economy.  However, I would actually say it's America that is really biting the hand that has really helped it.  You see, America has benefitted tremendously and we can't pretent that only China has gotten rich.  America has gotten tremendously rich from their relationship with China as well.  It's a two-way street.  And America benefitted in two ways: The first way is they were able to manufacture their goods for a fraction of the price because of the cheap labor in China.  In addition to that, as the Chinese economy grew, American companies then were able to take their products and send them back into China and then also have a very viable market.  And that is why some of these major companies, like a Disney, like Starbucks, like Apple, like Tesla, why they've really been able to grow phenomenally over the last 10 years specifically and that is directly because of the Chinese consumers.  So with that being said, who's biting who's hand now?

~ Cyrus Janssen, "The Truth About Michael Pompeo and China," YouTube, 9:00 mark, August 8, 2020