This is a good point, but I really find myself at a loss over how to figure this out. Whose interests are served when a foreign country -- whose citizens have a much lower standard of living than ours -- taxes those citizens to subsidize major industries ... that sell manufactured products that the workers who make them cannot afford ... to American consumers at a steep discount?
What am I missing here?
>> Whose interests are served when a foreign country — whose citizens have a much lower standard of living than ours — taxes those citizens to subsidize major industries ... that sell manufactured products that the workers who make them cannot afford ... to American consumers at a steep discount? <<
American consumers benefit big time. It’s one of the first things you’ll learn in Economics 201.