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...Trump is never more certain than when he is completely clueless. The truth is that protection against foreign trade leads away from prosperity and strength. A country that deprives itself of foreign goods is doing to itself what an enemy might try to do in wartime — cut it off from outside commerce. It is volunteering to impoverish itself.
Countries don't "ravage" us when they make "our" products; they help us. At the risk of belaboring the obvious, the essence of trade — foreign or domestic — is that it makes both buyer and seller better off. Otherwise, they wouldn't bother...
While NAFTA's overall financial impact has been generally positive, it has not lived up to the high expectations of its proponents. It has made many U.S. companies and investors rich - and their managements richer. But it has also cost many U.S. manufacturing workers their livelihoods while failing to raise living standards for most Mexicans. Any major market changes not dictated by market forces usually lead to both opportunity and loss, and this has happened with NAFTA.
I've never once seen a group purchase from a business as a form of protest.
Having over $350 BILLION leave our economy each year in no way benefits us.
It does not leave our economy. It comes back to fund our deficit and in capital investments that employ our people. I work for a wholly owned subsidiary of a Japanese corporation right here in Houston, Tx.
I certainly understand how it benefits the country a company is paying 20 cents on the dollar to, and in turn how that helps the company get richer, but how does that help the average American? Not to mention the Americans who USED to do that job? How is that helpful when we add millions more to the welfare rolls?
It does not leave our economy. It comes back to fund our deficit and in capital investments that employ our people. I work for a wholly owned subsidiary of a Japanese corporation right here in Houston, Tx.
Good thing we actually trade with Japan. Its not based on regulatory arbitrage. Much of our "free trade" is.
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