Blaming China will not help solve the US' economic woes

Speaking in Michigan on Wednesday afternoon, US President Donald Trump continued to blame the North American Free Trade Agreement for the loss of nearly a third of US manufacturing jobs and China for the loss of 60,000 factories since China's accession to the World Trade Organization.

During the confirmation hearing of US Trade Representative nominee Robert Lighthizer on Tuesday, Democrat Senator Debbie Stabenow from Michigan asked why Trump didn't keep his campaign promise to label China a currency manipulator on his first day in office.

Peter Navarro, director of Trump's new National Trade Council, railed against China's currency policy and blamed China, Germany and others for US trade deficits in his speech at the National Association of Business Economics last week.