- Apr 12, 2011
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re: Donald Trump and trade
Just about all the pundits and talking heads have got Trump's tariffs wrong. No they:
The fact is that we're better off w/ free enterprise buying and selling all over the world we the agreements we got. The point of the article is that the foreigners are MUCH better off with 'em. This means they got much more to loose if we make a fuss. Given that Trump's got a pretty good track record w/ deal making he's got a good chance of getting more foreign cooperation.
It's in the article.
Just about all the pundits and talking heads have got Trump's tariffs wrong. No they:
- won't bring factories back because factories are big buildings that don't move.
- won't bring jobs back because no American stopped working the minute some foreigner started working.
- won't reduce that silly 'trade deficit' because 'A' the smart money's on these import taxes being used to force foreign cheaters to clean up their act and not for controlling our purchasing, 'B' we don't want our economy managed by the Feds, and 'C' we end up a lot better off with a growing trade deficit --not a shrinking one.
The fact is that we're better off w/ free enterprise buying and selling all over the world we the agreements we got. The point of the article is that the foreigners are MUCH better off with 'em. This means they got much more to loose if we make a fuss. Given that Trump's got a pretty good track record w/ deal making he's got a good chance of getting more foreign cooperation.
It's in the article.