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US economy was competitive and Earth-is-flat trade policy to open up China's market was dominating not long ago. Then all things gone bad, and protectionism dominates. Forget about Columbus and trade with China like Marco Polo, it's hard enough just to reduce trade deficit.
Exporting manufacturing jobs to China started in Clinton 90s. Back then, cheap labors in China, exporting pollution was priorities plus there was no fear of competitiveness.
The USA doesn't have a trade deficit with Canada, so not sure what the problem is, eh.
The USA declared a trade war on the EU, China, Mexico, and Canada. China is only involved because the USA has declared a good, easy to win war on allies.
Trump and his family export jobs to China. If you object to exporting jobs to China, perhaps you should look to the White House to set an example an put a stop to it.
The dollar is the Gold standard, let's see who gets hurt more.
Yes, the EU, $US, and $CAN are factors in global markets. Canada will be hurt by USA tariffs. There's no question about that, and Canadians know that it is coming.
Do you think that Canadians will ever trust the USA again if the USA willfully causes recession in Canada knowing that Canada thought that the USA and Canada were friends?
Think again.
Canada is the second largest country in the world. The USA, the third largest, is an impoverished, over-populated cesspool of arrogant, infantile, name calling liars.
The USA doesn't have a trade deficit with Canada, so not sure what the problem is, eh.
The USA declared a trade war on the EU, China, Mexico, and Canada. China is only involved because the USA has declared a good, easy to win war on allies.
Trump and his family export jobs to China. If you object to exporting jobs to China, perhaps you should look to the White House to set an example an put a stop to it.
there doesn't need to be a trade ""deficit""
tariffs level the playing field... something the globalist liberals cant figure out
I don't remember hearing any previous President mention anything about this. I doubt that most people are even aware that foreign countries have been using America as their Piggy bank for decades.
Why did it take the American mid-west to be literally destroyed economically before a President came along to address the issue of unfair trade?
Career politician of an established party vs essentially an independent third party candidate.
I think a lot of the problem is a lot of people are only looking at the numbers for GOODS, when you factor in GOODS and SERVICES there is not the same gap.
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a surplus for who? please educate us in our trade deficits and how that benefits American wages and working class since we are so ignorant like our President and you seem to understand.
Quote:
Originally Posted by TEPLimey
Start with this: we don’t have a trade defecit with Canada. We have a surplus.
Once you grasp that little factoid, check out this one: all of the “defecit” numbers Trump throws out there ignores services, of which we are a net exporter by a huge margin.
When you digest those, read some articles on this topic from credible sites like Bloomberg, The Economist, the Council on Foreign Relations, etc. Then you will understand why, from the perspective of economically literate people, trade deficits are not that important anyway, despite what Breitbart and Alex Jones tell you.
Quote:
Start with this: we don’t have a trade defecit with Canada. We have a surplus.
And Trump took a dump on Canada at the G7 ... bye bye surplus, hello we grow it or milk it, we keep it.
In 1920's the u.s had a surplus after the war. The farmers could not get the price needed to maintain their farm mortgages ... the great depression followed in the 1930's. Many of the farmers, they lost their farms. Many of the businesses, had to close their doors.
People who own farmland are paid by our gov. not to farm for a reason. Surplus in the market drives prices down so low, that those taking product to the market can't make any money from what they produced. Their money is made through exporting their surplus. Apparently there isn't enough working people in the u.s. to offset the market and now we can't migrate wallets in either ...
All those safety net programs that a lot of people bch about, they are in play for a reason ... surplus.
Today's Americans are spoiled rotten. They would not know how to handle a depression era. However, with Trump making the u.s an island, Americans may get to learn how. Me, I had a grandmother that lived through the depression and I paid attention. I don't have a problem with the bottom falling out of the market and I'm thinking it is high time, it did. America, how skilled are you? Time will tell.
Prime example of a cocky american.
As if America made the western world wealthy all
by itself.
They were dirt poor after WWII. America could have kept them that way easily. We rebuilt Europe and then forgave the loans. We kept the Soviet Union from taking over for 60 years.
I think it ties in with other recent presidents having so many connections with companies that gave huge donations and "bought" the president his position in office.
Since Trump has zero financial obligations to any major company or corporation, he does not have anyone "pulling his strings" in any one direction during his presidency.
Donald Trump is a billionaire with major ties to "Trump corporation's."
And Donald Trump has often bragged about giving politicians money for political favors. In 2015 Trump said “As a businessman and a very substantial donor to very important people, when you give, they do whatever the hell you want them to do. As a businessman, I need that.” https://www.theatlantic.com/politics...icians/498749/
And since Trump has become president he has given corporations and the richest 1% of Americans $1.5 trillion dollars in tax cuts, he has taken away the worker rights that are negative towards corporations, he has given corporations more power over workers, he has relaxed corporate regulations, and he has abolished the Estate Tax which taxes billionaires children (giving his own children $2.8 billion dollars.)
In America you need $900 million dollars in campaign funds to successfully run for president. And you are correct that most of our politicians are puppets for corporate America. And Donald Trump is not one of those puppets (he is one of the puppet masters.)
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over producing Americans ...
