lol 60? We lost millions under the Bush-Clinton NAFTA scam. Milloins more under Carter's Favored Nation scam for Red China, hundreds of thousands to Viet Nam alone.
You don't find it odd that 'globalists' loves them some communist countries with police states?
The imbalance of trade has been a terrible burden on the US. It robs us of our wealth when more money is going out of our country than is coming in.
Trumps understands that. No other President in my life time has really understood it.
Trump is a businessman that understands the problem. He is putting pressure on other countries to correct the problem. It will not be easy but thank goodness he is working it. There is a possibility it could all blow up but Trump is usually competent in what he does so we will see.
Beats the hell out of the trade policy of previous Presidents to give away the store.
It's complete idiocy to turn a country into a consumer economy while simultaneously stripping it of nearly all of the high productivity jobs and the disposable incomes necessary for a 'consumer economy' to work. Wall Street doesn't have to care, they have all the tax credits and subsidies that make Red China a grand investment for them.
Trump is trying to reverse that, and hopefully he gets some of it done. The problem is they looted the domestic economy for decades, and it will take some time to correct that, and the attention spans of the 'It's All About Me!!' generations is measured in seconds, not years.
You are correct.
Back in my college days I took a course in International Economics. The thing that I remember the most about that course is the importance of a balance in trade.
When a country has more moeny going out than it has coming in then all that extra money becomes a drain of wealth.
Back in the 1980s we had all our money going to Japan. With the extra dollars they were able to buy a good portion of Hawaii and California. In addition they bought American business and the profits started going to the Japanese. We are poorer because of that trade deficit.
I am just glad Trump understand the problem and is working hard to fix it and yes we are going to have some disruptions until we get it back in line.
Other Presidents didn't have the balls to confront the problem. God bless Trump.
Right now not to worry. The tariffs are a small fraction of our booming economy.