From an interview with Manufacturing News
Ronald Reagan […] said there is no such thing as free trade if one side is cheating. What we’ve done is we have acquiesced to cheating. That was manifested in the split in the National Association of Manufacturers. The big guys said, essentially, we don’t mind the one-way street because we’re on the other end of the street. We are Chinese corporations for practical purposes. That is the essence of what their conversation was to the domestic manufacturers, and hence the split.
For practical purposes, many of the multinational corporations have become Chinese corporations. They like the fact that they are subsidized by their new government, which is China, and that they’re able to push American products that are made in the United States off the shelves.