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Although this action was first started while the Bush administration was in, I get the feeling that Trump's belligerence will cause a lot of rulings against the US. I wouldn't be surprised if the whole world is gunning for US.
As for exiting the WTO, yea, we can all sell each other Peanut Butter and Coal sandwiches.
As an American, I see no problem with exiting the WTO, and consuming products made and sold in the US. This way, we the people can keep more of those high value USDs to ourselves. We have the great burden of debt to pay off, due to the greed of previous generations. Now it's time to repay those debts, so we don't hand down ever growing deficits to the next generation in line.
The bleeding of jobs has stopped. Now is time for healing, America.
really.
I have a feeling i had to go through this before here, like a hundred times. so briefly.
china tried it, fell behind, Europeans showed up with tech that had gone from hundreds of years behind to hundreds head.
get it?
If you close yourself off you lose out. You end up falling behind faster and faster and with today's pace it would happen very fast. Nevermind the complete collapse of our economy.
Prices would go vertical, standards of living would fall through the floor, we would last a few years before we came crawling back under new management and we would no longer be at the big table.
"On Tuesday, the World Trade Organization ruled in Mexico's favor, allowing it to impose trade sanctions worth $163 million a year against the US. The WTO says that's how much money Mexico has lost from the US unfairly penalizing Mexican tuna."
And then we have Americans who complain about Mexico being a third world country. Well, it's hard to be a first world country when you are getting messed over and can't even get paid properly for your exports.
One loss for the Trump Administration, many more to come.
It's not really a matter of being anti-trade to insist that what we import be up to our standards of safety, cleanliness, human rights protections, and environmental protection. In other words, there's no legitimate argument for forcing us to accept lead paint on toys, food tainted with chemicals, protected species being taken with fish, products being made with slave labor. I think free trade with a nation should be contingent on those standards being met. By default that would mean more fairness in trade.
I highly doubt that, and even if it was true, I am pretty sure that you have bought products that have been manufactured in other countries.
Even an Iphone(an american product) uses chips and displays from Samsung(a Korean company)
I don't buy anything from Mexico.
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