Both Moore and Kudlow KNOW the answer: FairTax!
I devoutly wish that someone with Trumps’ phone number would call him and convince him that the ONLY action America has to do to fix the trade imbalance is shift to a border adjustable tax system — the FairTax.
And then, if it comes to it, match ANY foreign country’s tariff scheme — “If you put tariffs on our goods, we’ll do the same to your goods.”
Problem solved.
FRom the FairTax FAQ web site at https://fairtax.org/faq#faq-5499bf7f2017a864640004f7
“How does this affect U.S. competitiveness in foreign trade?
“Because the FairTax is automatically border adjustable, the 17 percent competitive advantage, on average, of foreign producers is eliminated, immediately boosting U.S. competitiveness overseas. American companies doing business internationally are able to sell their goods at lower prices but at similar margins, and this brings jobs to America.
“In addition, U.S. companies with investments or plants abroad bring home overseas profits without the penalty of paying income taxes, thus resulting in more U.S. capital investment.
“And at last, imports and domestic production are on a level playing field. Exported goods are not subject to the FairTax, since they are not consumed in the U.S.; but imported goods sold in the U.S. are subject to the FairTax because these products are consumed domestically.”
Putting aside Fair Tax for a minute, I can’t see trading with enemy countries, like Red China.
However, I’m not against Free Trade with FREE countries.