Posted on 01/26/2017 8:21:23 PM PST by TBP
Edited on 01/27/2017 9:12:03 AM PST by Jim Robinson. [history]
President Donald J. Trump didn't wait long to act on one of his signature campaign promises, announcing just moments after being sworn in as the country's 45th president that the U.S. intends to withdraw from the Trans-Pacific Partnership and that he will renegotiate the North American Free Trade Agreement "to give American workers a fair deal."
Let this chuck of an author explain how China became an industrial powerhouse by doing exactly what he poo-poos.
It’s the ‘porridge conundrum’:
Too much or too little is harmful.
But when you get it right it’s terrific.
The author is making assumptions and is a fool.
Do you have a death wish, or just enjoy getting beatten up on FR threads ?
Oh, and BTW....this is yet another article that is bovine excrement.
The folks at Forbes also said Trump couldn’t win. Eff em.
That’s Forbes.
Forbes is fake news.
They’re simply going on historical evidence.
It is Forbes who hates President trump.
Trump is moving towards a version of de Gaulle’s dirigiste economics, with strategic industries being declared “national champions.”
We’re not moving towards communism. We’re moving towards state capitalism.
Do these Free Traitors™ ever really think about what they are saying?
Sounds like Levin today. He’s so danged critical of Trump’s moves( which is okay) but also sounds bitter. Not an economist but not all Trump’s work will be positive. It’s the nature of the office. It all sounds like a big bad conundrum of hope to fail.
Our current economic approach has led to a wonderful 2% GDP growth using dummied up numbers.
Maybe it is time to change things up a bit.
We are moving to free trade between the states and highly restricted trade with the rest of the world. Which is the way the country was designed to operate from day one.
How do you say “reciprocity” in Spanish.
Yes. Protectionism always causes an economic deadweight loss.
I can name 10 countries that became economic power houses behind a wall of protectionism.
State capitalism is not capitalism. It’s similar to the economics of fascism, which is a close cousin to all other forms of socialism.
These morons don’t get it. Tariffs are just a negotiation tool. Example:
1- You tell China that if they don’t open up their markets you’ll slap tariffs on their products.
2- If they don’t comply: You slap tariffs on their products.
3- Chinese products become less competitive and they lose market share. Instead of buying products from China, consumers will buy from Malaysia, Vietnam, Thailand..
4- Manufacturing plants will shift their production away from China.
5- Consumers in the US will not be affected.
The same goes for Mexico. The cars made in Mexico can also be made in Honduras. Mexico is in a very weak negotiating position. They have no choice but to open up their market.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.