You couldn’t have it more wrong. Tariffs are complete BS as are “fuel economy standards.” You’re not interested in letting the market decide. EPA regulations and tariffs are both anti-market.
Trade deficits have nothing whatsoever to do with tariffs. Trade deficits are meaningless, a fake “problem.” They are not a problem in any way, shape or form. If a consumer wants to buy a product from overseas, that is their right and their choice. The only problem would come from restricting and punishing that choice with a tariff.
>Trade deficits have nothing whatsoever to do with tariffs. Trade deficits are meaningless, a fake “problem.” They are not a problem in any way, shape or form. If a consumer wants to buy a product from overseas, that is their right and their choice. The only problem would come from restricting and punishing that choice with a tariff.
More free trader bullcrap that’s been wrong for the last 30 years. At what point do free traders take a look at the results of their deluded ideology and realize the truth?
I try to be free market - if it works - which it usually but not always does.
For example - completely unregulated financial markets repeatedly and consistently lead to Ponzi schemes. Some level of simple, common sense, regulation just works better.
No I am not interested in letting the market decide that cars do not need any kind of pollution controls. I lived in LA in the 70’s.
Trade deficits mean everything. They are a permanent transfer of wealth from one nation to another and over time they will impoverish a nation. This has happened consistently throughout history. They are not the only factor in an economy of course - but extremely important over the long run. The only people who think they are a fake problem are the same people who think fiat currency is a great idea.
Tariffs, used properly, can balance trade between countries and eliminate that wealth transfer.
I’m not interested in shifting wealth from the US to China any longer and in the process forcing our lower skilled workers to compete with Chinese wages. They cannot - so manufacturing moves. And our workers go on welfare.
It’s great for China, and kudos to them for playing us so well, but it is not good for us.
It is long term vs. short term. Cheap crap now at the cost of EVERYTHING if we keep this up. Libtards always think short term. Sorry but I agree with Trump on this issue and have held this position for decades.
I used to work for Uncle Sam overseas and saw first hand how all of our good trading partners raped us daily with the games they play. The only way to balance that out is the imposition of incremental tariffs until it is an even field. Paper agreements do not work.