Anthony Scaramucci Says China Built Its Military And Became A Superpower On 'Back Of Deals' After WTO Entry: 'They Took Our Technology…

SkyBridge Capital founder Anthony Scaramucci criticizes the U.S. decision to grant China permanent normal trade relations and WTO membership in 2001 as a strategic miscalculation. He argues China exploited the arrangement by protecting its own economy while freely exporting to the U.S., stealing technology, and manipulating its currency. This enabled China to achieve 10-11% annual growth and become a global superpower, while the U.S. now faces a $202.1 billion goods trade deficit with China.