Posted on 08/03/2018 7:49:21 PM PDT by cba123
For decades, China has waged a trade war—targeting U.S. industries and stealing jobs from ordinary American workers.
President Obama’s weakness on trade—along with the left’s obsession with identity politics—helped put Donald Trump in the White House. Now we have a leader who puts American workers first but his factious trade team appears clueless about how to bring effective pressure to win at negotiations or if necessary unilaterally reorder our trade with China to be fair.
To prevail in any international confrontation—whether it is disarming North Korea, stifling Russian aggression or fixing trade aggression—the president needs to know the enemy, cultivate allies to bring pressure that compliments U.S. actions and implement a strategy that makes retaliation difficult.
Mr. Trump’s hawks—Ambassador Robert Lighthizer and Trade Director Peter Navarro—confuse trade with the world with trade with China. The WTO isn’t busted and our allies are not trade criminals. Europe has its dysfunctions—most significantly Germany ‘s obsession with trade surpluses that victimized southern EU members and the United States—but slapping tariffs on Europe and Canada does not solve America’s number one trade problem.
The United States has a $515 billion trade deficit—$374 billion is with China and oil accounts for most of the rest. Contrary to President Trump’s claims we have a modest trade surplus with Canada.
(please see the linked story, for the full text)
(Excerpt) Read more at foxnews.com ...
My compliments to the author, Mr. Peter Morici.
Well done.
Everyone I am sure has a great time coming up with great ideas from their easy chair.
Especially economists.
Trump has to actually DO it, and I think he is doing a pretty good job. I am all for letting Trump handle it the way he sees fit.
Ordinary?
The US is extraordinary...
And by the way, that wasn’t a shot at you.
I am a firm believer in allowing people to run their own show in matters like this because it is their own skin in the game. Trump has and will make mistakes, but no matter what, it is on his watch, so that is why I advocate letting him run his affairs as he sees fit.
He is the one who has to organically make it work, so it has to be his plan (or one he signs off on)
There are millions of opinions about this, but only one person setting the direction and making the process go.
The US is the same as everywhere else.
We have a very good system of government. We have intelligent people. We are very fortunate to have a large population, and a big country. We (used to) have a superior manufacturing base. Now it is largely in China.
We are not superior. We have a superior system of government. We have a good system of education, but it is not as superior as it once was. We have a LOT of people, who are no longer supporting America, in ways that really matter.
Basically we are the same as everywhere else. If we allow somewhere else to overtake us, we will eventually be defeated.
Sorry. That is the truth. We need to bring back American industry.
Simply waving the flag, does not help anyone.
Trump is our guy. But he is quite important.
Nobody else was saying the things he does.
He needs to move, and act, on the things he has been saying.
Too many people are sold out, I feel.
Far too many.
I suppose it needs to be remembered that Chinese Communists have no problem starving their own people in order to win a war.
Another genius economist poo-pooing the impact of imposing tariffs on unfair trade (so-called) “trade partners.” Meanwhile, tariffs on cheap steel imports are sending domestic steel production skyrocketing. And the EU just caved to Trump’s pressure against import barriers on U.S-made goods.
But sideline critics like Peter Morici gets to write self-aggrandizing pap and pawn it off on Fox News as informed commentary. Hey Pete, read the Constitution: our forefathers made tariffs the primary funding mechanism to limit the power of federal government.
We have a LOT of people, who are no longer supporting America, in ways that really matter.
I would have to agree. My only addition to your statement is that they’re (liberal sore losers) actively working against the system, to the detriment of all.
Lots, and lots, and lots of “globalists” in the GOP.
Lots of them.
The party was basically financially sold out.
BOTH PARTIES were sold out. Trump stood up. But he’s the only reason the GOP currently has a future.
The party was sold out. Trump saved it.
But it really, really needs to change, and become for America once again.
If the GOP goes back to “globalization”, the party will vanish.
For real. In my honest opinion.
Democrats will simply take over.
Everything.
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