President-elect Donald Trump faces immediate challenges: managing the war against ISIS, fixing ObamaCare and boosting growth to create jobs. The South China Sea has huge seabed mineral deposits and is a vital passage for some $5 trillion of international shipping annually. President-elect Trump must prepare for a diplomatic and perhaps military showdown in the Pacific and to confront Beijing on the massive trade imbalance that finances Chinese mercantilism and adventurism. Peter Morici served as Chief Economist at the U.S. International Trade Commission from 1993 to 1995. He is an economist and professor at the Smith School of Business, University of Maryland, and a widely published columnist.

Source: Fox News December 05, 2016 17:32 UTC