1. President Donald Trump’s so-called
trade war.
Many call the American effort to obtain either
tariff parity or a reduction in the roughly $1 trillion trade deficit and 50 years of consecutive trade deficits a “trade war.” But then what do they call the policies of the past half-century by Europe, Asia, China, and others to ensure asymmetrical tariffs, pseudo-health and security trade restrictions, and large surpluses?
You can "blame" these things as much as you want but it's not as simple as you lay out.
And my issue that is the US is treating EVERYONE the same instead of looking at the "problem groups" and solving those problems. Yes, China has been terrible with the pseudo health and safety stuff. But newsflash cry man....they do that with every country. YOu are not special there.
A trade peace? Trade fairness?
2. Do nations prefer
surpluses or deficits?
Why do most
nations prefer trade surpluses and protective tariffs?
Are
Europe, Asia, China, and others stupid? Are they suicidal in continuing their trade surpluses and protective or asymmetrical tariffs?
Is the United States uniquely brilliant in maintaining a half-century of cumulative trade deficits? Do Americans alone discover the advantages of a $1 trillion annual trade deficit and small or nonexistent tariffs?
No. You are guys are richer than everyone else and ther are more of you.
Seriously? IS this hard to piece together?
Why don’t America’s trading partners prefer deficits like ours—given we supposedly believe they are either advantageous or perhaps irrelevant?
3. Would our trade partners prefer to trade places with us?
Would our trade partners prefer to have America’s supposed benefits of a $1 trillion trade deficit? Would the United States then “suffer” like they do by running up $200 billion annual surpluses?
These questions are just silly. Come on Vambram. Do you honestly not think your guys' financial circumstance realyl dont' make a difference? Really?
4. What if wages went up at the rate of the stock market?
What would now be the reaction of the stock market if over the last decade wages had increased at the rate of stocks—and the stocks at the rate of wages?
Well, that did, and will NOT happen. You seem to think a right wing government has an interest in working wage's increase.
5. Is Wall Street’s panic based on what might happen—or what is happening?
What is happenning.
Are we already trying to forget that it has been Trump's policies led to the turmoil we saw?
Is Wall Street’s meltdown a fear of what might happen in the future? Or is it reacting to March’s latest jobs report that there were 93,000 more jobs created than predicted? Was the Wall Street panic predicated on reports of much lower oil prices? Did the furor arise over the March inflation report that the annualized inflation rate dipped to 2.6% per year?
Lipstick on a pigging it I guess.
6. Is the frenzy caused by the Trump economic agenda?
What agenda? He's made it clear he's making it up as he goes along and goes with his gut.
7. What about North American neighbors?
If the U.S. was running a $63 billion-plus trade surplus with Canada, refusing to meet its NATO requirements to spend 2% of gross domestic product on defense, and instead spent only 1.37%, would Canada become concerned?
Let me be BRUTALLY clear when I say this:
I could literally give to pieces of feces about a "trade deficit" with another country.
If Mexico were running a $171 billion trade deficit with the U.S., if Americans in Mexico were sending over $60 billion per year out of Mexico to the U.S., and if American drug dealers were making $20 billion by selling fentanyl and opioids to Mexico, would Mexico be angry?
Is Wall Street’s worry that Donald Trump’s impending tax cuts, more deregulation, greater budget cuts, and continued efforts to eliminate budget deficits and reduce national debt will stall economic growth?
www.dailysignal.com
I wonder if you accept that Americans SPEND more on average than most people and most developed countries. Between that and your countryman's willingness to go into DEEP DEEP debt to spend spend spend, I'm curious:
How can you expect other countries to keep up?
NOBODY consumes like the US. How could you EVER have a trade surpluss with a country? You guys are MASSIVE consumers!
And maybe, just maybe, you guys make a lot of terribly low quality products that people aren't interested in. Europe for example, really doesn't buy many American cars. That's not becaue of tariffs. I think American companies fundamentally don't understand the market or are willing to adapt to make inroads there. Facts is that a lot of European roads simply CANNOT handle the size of many American vehicles.
Also, and this should be enough to smarten you guys up. Americans by peanuts for gas. Europeans will be at LEAST double if not trible what Americans pay. Why would they reach for gas guzzling American cars?
