Almost every significant country in the world, over 130 of them, use border taxes and other devices to protect their domestic industries and farmers. Wilbur Ross said it best at Davos when a panel of globalists expressed alarm about the US placing tariffs on steel and aluminum among other things. Ross said, "Name one country that is less protectionist than the US." Crickets.
Uncle Sap is being taken advantage of aided and abetted by our own globalists who are profiting from these arrangements. The biggest loser is the American worker who has seen his wages depressed or even decline for decades as well as witnessing the wholesale movement of good paying jobs overseas.
Trump is fighting a titanic battle against the globalists here and abroad. They control the overwhelming power including foreign governments that are afraid of what will happen when America fights back. We have the world's biggest and most lucrative market, i.e., we have all the leverage. As Trump has said, if you want part of this market, come here and make your products.
yup. When I was in Australia in 1982-4 I was surprised that even though they didn’t import a single Japanese car the streets were filled with Toyotas, Datsuns, Subarus, etc. (Ok, Holdens, too).
Then I stumbled on the huge Toyota (?) plant in Adelaide.
Their law was you can sell cars here, only if you make them here.
It's also why the Donald is doing what he is doing. Just like dealing with the Norks the last four presidents have not had the guts to deal with either tariffs or the Kims. President Donald Trump is fearless! He will take on anyone, anywhere, anytime and if you get in his way,well you won't even know what hit you. It will be over before you realize what happened.
Kabar is absolutely correct.I would add that the chicoms are buying up every asset, mineral,form of energy they can get anywhere in the world.Along with creating islands offshore of them ASAP the Chinese are positioning themselves for being number 1 in the very near future if not stopped.
What will always slow them down however is they are commies and are forced to use capitalism to run their religion,theology,philosophy or whatever you want to term it. Bottom line it never works and signs of distress are already happening all over China.