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that would stimulate government growth not private industry, unless we raised tariffs so high they could not penatrate and therefore allowed dometic industry to come back.
i think that china would lobby to drop that plan, just guessing.
Guess what? Our exports are practically non-existent today. Retaliatory tariffs aren't even remotely a concern, because at this point we don't make enough to keep ourselves in goods, much less have enough to export.
When it comes to the economy, there is no black and white. Sure, during the industrial age when we actually had trade partners, this wouldn't make sense.
Now? What are they going to do? Send our jobs back due to lower import demand? Boo-friggen-hoo.
Smoot and Hawley were about 80 years too early with this, but make no mistake, we do need this right now. Maybe not forever, but at least until we have something to trade again, besides management services.
I completely agree. If you are running a trade surplus then high tariffs could really hurt you, but when you are barely exporting anything and can produce everything that you need to import then you can weather any type of trade war.
The U.S. is in a very good situation. We can be completely self sufficient if we chose to be. China can not.
Well I posted in post number 5 how we could do this with China without breaking any agreements, actually we would be well within our rights. I am just amazed that someone had the forethought to put it in the agreement.
You did not specify China in your original post. You said foreign. Foreign means any country that is not us.
If this is of such importance to you, I would think you would stay focused.
I completely agree. If you are running a trade surplus then high tariffs could really hurt you, but when you are barely exporting anything and can produce everything that you need to import then you can weather any type of trade war.
The U.S. is in a very good situation. We can be completely self sufficient if we chose to be. China can not.
Our only problem is what to do when China's economy crumbles (because our consumption built it), and they declare war.
Well, between chasing practically defenseless Arabs (compared to our military) around the desert for Exxon and fighting to get our manufacturing jobs back, I'll take the latter.
You did not specify China in your original post. You said foreign. Foreign means any country that is not us.
If this is of such importance to you, I would think you would stay focused.
I don't like to limit myself to one country. Certainly you would have to look at trade with every country independently. It may be that some countries we have a trade surplus, why would you want to put tariffs on their products. Some agreements would be hard to rescend. I pointed out China as one of the easiest to take care of under existing agreements.
You did not specify China in your original post. You said foreign. Foreign means any country that is not us.
If this is of such importance to you, I would think you would stay focused.
China is the number one problem, but the overall problem is worldwide. China has our manufacturing jobs, and India has our service jobs. The rest take the scraps and sub-contracts.
We need to get it all back. Because the "global economy" has turned into "global welfare", and we're the ones writing the checks..................... on credit no less.
Our only problem is what to do when China's economy crumbles (because our consumption built it), and they declare war.
Well, between chasing practically defenseless Arabs (compared to our military) around the desert for Exxon and fighting to get our manufacturing jobs back, I'll take the latter.
The alternative is our economy continues to crumble. People focus on the deficit, but maybe we need to change our focus to the trade deficit, because that is the only thing that is going to really produce any jobs.
Besides all we are doing now is giving China money to build their military. Might as well cut them off now while we can still beat them.
I don't like to limit myself to one country. Certainly you would have to look at trade with every country independently. It may be that some countries we have a trade surplus, why would you want to put tariffs on their products. Some agreements would be hard to rescend. I pointed out China as one of the easiest to take care of under existing agreements.
So first its everyone. Then its China. Now its back to everyone again.
I doubt there is a one size fits all unless you really want one helluva trade war.
China is the number one problem, but the overall problem is worldwide. China has our manufacturing jobs, and India has our service jobs. The rest take the scraps and sub-contracts.
We need to get it all back. Because the "global economy" has turned into "global welfare", and we're the ones writing the checks..................... on credit no less.
There is something to that.
However, I am old enough to remember factories closing down and moving abroad when China was still full of drones in Mao suits riding bikes everywhere.
That is why I lose sympathy for this. Guys like you act like this is some recent occurrence. No. It has been happening for quite some time and not just here. Go to Europe. Plenty of abandoned factories there as well.
I honestly do not know what we can do about it.
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What are they going to do? Send our jobs back due to lower import demand? Boo-friggen-hoo.
