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What happens during the next downturn? We beg for cheap goods again? Go into more debt? This is a long-term solution that will set us up for fair trade. Would you rather not because things seem fine right now?
What is fair trade? Describe it please. It is not as simple as measuring dollar value.
How would it reduce the trade deficit if exports decrease due to retaliation from other countries. For example, China stopped buying soybeans from the USA. Other countries are adding tariffs on items which originate in the USA. This will result in a reduction of exports to those countries.
The only thing we export more than we import is services. We are upside down in consumer goods and petroleum.
China and other countries already lack imports from America. We are not nearly advantaged in the trade game by a long shot.
The main countries we trade with are China, Canada, and Mexico. China is responsible for around 66% of our trade deficit.
Our dollar is at a low often which adds another burden regarding trade.
Food exports are falling since other countries don't like our processing standards, speaking of beans.
We're in trouble here, and it needs attention whether or not you like the one who's giving it attention.
Are you really suggesting that we are so disadvantaged in trade already we should continue our bad deal and pray they don't call in our tab for debt collection? They might get pissy at first but we really have little choice. We have to do something so that our long-term trade outlook isn't pathetic. Even if it hurts in the short term.
Must be a day that ends in Y, yet another 'the sky is falling' prediction from the left that will will turn out to be completely wrong. Democrats just can't stand seeing America and Americans prosper.
Must be a day that ends in Y, yet another 'the sky is falling' prediction from the left that will will turn out to be completely wrong. Democrats just can't stand seeing America and Americans prosper.
Actually, instituting tariffs is a sky is falling maneuver.
Trump's base wants it's manufacturing jobs back. Inticing them to stay is a start, stopping the free giveaway of them is a good follow up. Which is what he's trying to do with trade. We don't make anything in America anymore, which is why the jobs in manufacturing are gone. We buy things and put the debt on a tab with China.
Why don't we just wait and see what happens? Maybe it will turn out for the better. Glass is half full and all that sunshiney stuff.
Trump's base wants it's manufacturing jobs back. Inticing them to stay is a start, stopping the free giveaway of them is a good follow up. Which is what he's trying to do with trade. We don't make anything in America anymore, which is why the jobs in manufacturing are gone. We buy things and put the debt on a tab with China.
Why don't we just wait and see what happens? Maybe it will turn out for the better. Glass is half full and all that sunshiney stuff.
Because Economics 101 proves that trade deficits don't matter and tariffs are taxes on consumers and producers.
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