Trump doesn’t understand international trade or the law any better than you do, which is Nil.
Threatening or acting unilaterally to impose or increase tariffs, in any era, becomes a tit for tat exercise, in which your own manufacturing exporters become hurt while you pretend you are protecting your own manufacturers. Trade and economies shrink, not grow on trade shrunk by tariffs.
Yes, trade deals are what many of our presidents have done poorly with. However, all those that have become law by going through the approval process in the Senate are treaties. Treaties are like extensions of the constitution. They cannot be undone by presidential whim or decree. Senate approval is needed. A president threatening trade partners with tariffs is not going to get that approval, GOP majority or not.
China is now as large an economy as the U.S. & many of our trade partners are growing exports to China more than they are growing exports to us. We have less room to bully our way into any “deal”; they can take their goods elsewhere now, and not just China but all over Asia.
We could address the problem with China, as regards our own domestic economy, but neither you nor Trump have a clue about what basis we could use and how to do it; and it does not involve our trade agreements. But, no, I’m not going to educate you.
We could address the trade imbalance with Japan, in renegotiation of our trade deals, without imposing or threatening to impose tariffs; to get equity in our exports of similar goods to each other. How? Again, I know Trump hasn’t a clue and neither do you. And again, Japan cannot be bullied either.
Trump will wind up “cutting our nose to spite our face”, not get a better deal, unless it is another crony capitalist corrupt one better for the crony capitalists he favors, which is the only kind of capitalist he knows.
The U.S. currency is “devalued” - you say - and if so that is a result of long term activities by the Federal Reserve, not our trade policies.
Name the “violations” of our trade deals the U.S. government has not gone to bat to correct. Keep in mind our trade treaties agree to how disputes are to be handled, which means, even in trade disputes, you don’t always win your case.
Again, Trump will be like a bull in a China shop (which is what his own financial dealings have been like) leaving his creditors with the debts and bills his ventures wind up unable to pay, while he walks away with the profits he took out in the meantime.
Well, having been an importer myself, I believe I have some bit of experience internationally. Bush allowed the devaluation of the Dollar. What good did it really do us? We have not made a good trade deal for eons and each which has been made has done so with the intent and purpose to force us into larger and larger pacts which diminish or destroy our Sovereignty. Yes, I DO know a thing or two about trade and the business decline we are facing.It’s why I got out of the business.
We are being drained financially-economically if you will, on all levels. I am looking for a bull in a china shop to break some dishes,ruin some ingrained beliefs that need changing, especially as far as China is concerned, and get us back into a position of strength. Do you hear what you are saying? You are telling me we have to continue to be beaten and robbed by China because we can’t do anything about it. Well, I think we can. We’re not going to do it with a politician. Our only chance is with a businessman who knows how the system works!
Our own manufacturers—what few we have left—are already ready to abandon ship in order to survive. You are saying nothing can be done to keep them here and nothing can be done to bring some back from overseas into our country. Sorry, I don’t agree. I’m not a defeatest. If I wasn’t a fighter, I’d be dead.