Toddsterpatriot
Diamond Member
ToddsterPatriot, the concept of Import certificates, (ICs) does not determine the nation's proportional volumes, (i.e. the “mix”) of imported products. IC policy does not tolerate their nation experiencing annual trade deficits of goods and is not applicable to scarce or precious mineral materials. It does not discriminate among industries, products, enterprises, or foreign nations.... I'm still curious why you don't think higher domestic production of sugar is a benefit to our economy?
Unlike quotas or tariff policies, IC policy is much more market and much less government driven. To answer your specific question, IC policy does not assume that imported sugar or automobiles are more detrimental, and imported cameras or grapes are less detrimental to our nation's GDP. It doesn't assume that any particular imported goods are particularly detrimental to our GDP.
Of course increased production of USA sugar contributes to our GDP, but if it's due to government's favoring the commodity, it's as likely or more likely to be accompanied with reductions of some other USA goods or service products. Cutting off the top of the blanket to sew it back on the bottom of the blanket does not result in a longer blanket.
Annual trade deficits are (in fact rather than only due to opinion), detrimental to their nation's GDP. IC policy does assume that a greater GDP will directly and/or indirectly employ more, and a lesser GDP will employ fewer people than otherwise.
Respectfully, Supposn
Of course increased production of USA sugar contributes to our GDP, but if it's due to government's favoring the commodity, it's as likely or more likely to be accompanied with reductions of some other USA goods or service products.
I feel the same way about your IC scheme.