Among credible economists that are proponents of pure free-trade, do many of them also contend annual trade deficits are not net detrimental to their nation's economy?
A trade deficit nation's net expenditures for consumption and production exceeded the value of all they produced; (the nation...
Tariffs:
A nation’s government levies tariffs for one or more of these purposes:
(1) To defend jobs or enterprises of the tariff imposing nation.
(2) to increase the government’s tax revenues.
(3) To reduce the trade deficits between one or more foreign nation’s with regard to...
Balances of trade understate their effects upon their nation's domestic production.
Nation's balances of international trade are determined by the total net prices of their globally traded goods and service products which contribute to trade surplus nations' and reduce trade deficit nations'...
A trade deficit indicates the nation consumed more than it produced.
A trade deficit indicates the nation consumed more than it produced. Annual trade deficits are always net detrimental to their nation's GDP and thus to their numbers of jobs.
I'm among the proponents of the improved trade...
Retaliation within global trade:
(I'm among the proponents for USA adopting the unilateral Wikipedia described “Import Certificates” trade policy).
USA should not seek to harm other nations, but we should not refrain from protecting ourselves because nations exporting to us will consider our...
USA's trade agreements are all subject to modification or termination:
All of USA's international trade agreements have clauses for mutually agreed upon modifications, and for individual nation's unilateral resigning from the agreement if mutually agreed upon modifications cannot be achieved...
Import Certificates Vs. Tariffs:
I’m a proponent of USA could adopt an Import Tariff policy as described in the Wikipedia article entitled “Import Certificates”.
Refer to:
https://en.wikipedia.org/wiki/Import_certificates
The subject of tariffs often arises within discussions of Import...