I’ve been saying for decades that we needed tariffs to protect our manufacturing jobs. The one thing I have always hated about the GOP was their willingness to allow companies to move jobs overseas for cheap labor and bigger profits. They always drone on about “free trade” which just meant using overseas ultra cheap labor. The Dems didn’t give a shit either, since they have always hated the middle class anyway and would rather they all be unemployed.
Other countries use tariffs against the US, so it’s about time we used them too.
I see you have chosen to ignore the video in the OP and the article written by Friedman in post 4. Is it because it is longer than a tweet?
Just so you know, your viewpoint makes you a liberal on trade. Not a conservative.
That explains your vulnerability to a huckster like Trump.
The video does not take into account the foreign countries imposing their own tariffs.
As for the article, again I agree with the concept. Free trade should be unrestricted among equal countries. His quote does not address the problems of government mandated labor laws and environmental laws that some countries adhere to, while others don’t. The ones that don’t (third world shitholes like China) then have a distinct advantage. You can’t just expect businesses operating in first world countries to eat the costs of higher labor costs as well as environmental costs. Ultimately you have to hold everyone to the same standards in order for trade to be “fair”. Otherwise you just put companies out of business who try to compete directly with third world countries, and all the jobs end up moving overseas. Then you are just rewarding those countries for treating their workers like slaves and for shitting on the environment.
Third world shitholes eventually become developed nations. The US used to be a shithole, and we had horrific working and environmental conditions.
You can see the evolutionary process working in Asia. Soon, China will be a nation of consumers. Wages will rise, and the standard of living will improve.
Just like Friedman predicted.
As wages increase we will buy less from them.
As the Soviet Union began crumbling, and the centrally planned economies began to realize their model was a colossal failure, China and India began moving toward market economies.
Suddenly, there were two billion new workers entering the world labor market all at once.
It is my belief this factor is by far the largest reason worldwide wages have been flat ever since.
Once these Third World shithole workers begin to reap the benefits of transitioning to developed market economies, there will be a massive upward pressure on wages not just in their countries, but around the world.