” ... we should leave the tariffs in place until the trade deficit drops to $0.”
Why is a $0 trade deficit the magic number for you?
Should we have a $0 trade deficit with all countries, including those with which we have a current trade surplus?
There’s nothing magic about $0.
I actually want to leave the tariffs in place. Maybe even raise them. Tariffs were great for this country it’s first 180 years.
If you want to see what happens to a country with chronic high trade deficits, look at Greece. Sure eventually their trade deficits dropped. But it was because they had lost all their industries and everyone was unemployed and there was no money left to import stuff.
There’s nothing magic about $0.
I actually want to leave the tariffs in place. Maybe even raise them. Tariffs were great for this country it’s first 180 years.
If you want to see what happens to a country with chronic high trade deficits, look at Greece. Sure eventually their trade deficits dropped. But it was because they had lost all their industries and everyone was unemployed and there was no money left to import stuff.
I think our standard of living is just too high to compete with these developing countries to ever achieve something like that.
We can however secure better trade deals. That's what Trump supposedly did with NAFTA and seems to be planning to accomplish with China. We will have to see how that goes.
Look, people can argue all sides of this issue but there is one aspect I would think there should be broad agreement. At a minimum we need to secure enough domestic production in critical areas for national security purposes. We have to get that addressed.