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One concerning thing is that other countries are selling their Treasury bonds. That indicates a lack of confidence in the US as they used to be seen as safe.
Well with the instability and chaos constantly coming out of the White House every week, who could blame a country for losing faith in American leadership? The only thing saving us from becoming a global pariah is the fact we and our country can’t be so easily ignored. Otherwise the rest of the civilized world would have dropped the US a long time ago.
I was really looking forward to retiring next year. Now... Well, I'm still retiring. We will see how much traveling I get to do. :/
Open a thread on it and I will be happy to completely debunk it yet again. This thread is about tariffs and I would like to stay on topic like the rules require.
A couple more months? You think that's all it'll take?
California has the same idea. Hold the president to the letter of the law.
Of course, the formula does just that. In the formula "ε" represents price elasticity for import demand. The tariff and non-tariff barriers to free trade are imputed to "ε". Note: "ε" can only be estimated prior to the data being available.
Sez who?
Cars and electronics would be at the top of the list. Don’t you have to drive places and use a phone or computer every day?
What specific imported cars do we need? What specific electronics do we need? That the US has been taken advantage of by our international competitors (and adversaries) is exactly why the administration is moving to balance trade deficits.
Precisely the problem being addressed by the administration's trade policy to bring back those higher paying jobs to the US. Or do you want to just keep the hamburger flipper jobs?
Says one who has advanced degrees in international economics and experience in doing international business east and west.
A Wikipedia article that apparently you mined but did not entirely read?
The only person who has claimed otherwise is you, since you have expressed that the elasticity is somehow dependent on tariffs, so that tariffs have a numerical role to play in the given equation.
"Taken advantage of", good grief. You really shouldn't take your economic advice from Trump. He doesn't know what he is talking about. They have stuff and we buy stuff.
What about the industrial policy? Do these rubes even have one?
You missed the boat. If only it were that simple. The truth is there are all kinds of tariffs and taxes on U.S. goods plus price manipulation by foreign countries. The trade deals that are being negotiated will only be agreed upon if the deals are FAIR TO BOTH SIDES.
Yes, you.
Thank you for your insight, ie., "They have stuff and we buy stuff". I think the rube in this discussion is not the administration.
Bring manufacturing stuff back to the US. Investment in plant and equipment first, training employees simultaneously. Tax those higher paying jobs at the current tax rates to reduce the the ongoing unsustainable federal deficits. How's that for a starter?
