The beavises in the Trump crowds cheering “fair trade” are perhaps the most gullible of the lot.
Material Exports from the US are almost entirely the result of heavy industry. Big mfg, Big Corn, etc.
US Exports To China Have Grown 294% Over The Past Decade
It’s disingenuous to say that trade doesn’t help everyone. It does to a degree. But it helps heavy industry almost exclusively. Heavy industry often is reliant upon other businesses so there are spin-offs but unless you’re geographically related to the HI experiencing the uptick, its effect on your pocketbook is minimal. Of course plants can always expand to meet demand.
The real canard is that if Navistar or Ford or GE were to get an order for more tractors, cars, or turbines ; they will call the plant in Des Moines or Orlando and order more tractors and combines. No, they will have them built where it is most advantageous…where labor is cheaper and that isn’t here.
Agriculture (on the other hand) is pretty much a fortress that can’t be outsourced. Pistachios can’t grow in Ireland or Istanbul.
But seeing these idiots cheer has nothing to do with trade. Perhaps I’m giving them too much credit (which I thought would be impossible) but I think, possibly, they are smart enough to know that they are not going to see much of a change if every trade deal were to be re-written tomorrow…. What they are cheering is that some guy in China or Japan or some Euro dude will be told to “stick it” supposedly.