In that vein, closing down trade with China, while failing to address the saving shortfall, is like putting pressure on one end of a water balloon. The Chinese component of America’s multilateral trade deficit will simply migrate somewhere else – most likely to a higher-cost producer.
切断与中国的贸易不但不能解决储蓄短缺问题，还可能弄巧成拙。美国多边贸易赤字中的中国成分只可能转移给另一个国家，该国的生产成本十有八九会远高于中国。此举无异于向困境重重的美国家庭加税，绝不是美国政客所承诺的解决方案。