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To: metmom
Trade deficits are BAD. Don't let one of these Free Traitors™ try to convince you otherwise.

When you buy a foreign made import you are actually hiring foreign nationals to build, assemble, ship that product. You are picking foreign workers over Americans. That is in reality what is happening with trade and imports. Those foreign workers are not paying income taxes to uncle Sam and those imports come in mostly duty free! OTH our workers are burdened with regulations and taxes.

The answer is simple: tariffs. As tariffs slowly take effect and trade deficits decline, the US dollar will only strengthen. This strengthening of the USD will alleviate the effect that the import tariff has on prices of imported goods. In addition to that, as more domestic suppliers of consumer goods come on line, the pressure on prices will be downward.

Labor is about 10% of the cost of a good or service, on average. So roughly speaking, a $800B trade deficit represents about $80B in lost wages for Americans, year over year. Which in turn has a negative multiplier effect on GDP.

9 posted on 07/13/2018 5:04:50 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va

I try to buy made in America as often as I can.

I’ll even pay a little more for it cause I expect the quality to be better.


15 posted on 07/13/2018 8:34:24 AM PDT by metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith......)
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