[SeaHawkFan]

This is the reason tariffs are not needed. Governments that financially support exports eventually run out of money. During all that time, Americans enjoyed subsidized products, resulting in a higher standard of living.

In reality, there is no such thing as a trade imbalance. When there is an exchange of money for products that are subsidized by foreign governments, there is an actual gain for the purchaser.

[Pelham]

” During all that time, Americans enjoyed subsidized products, resulting in a higher standard of living.”

other than all of the Americans who lost their manufacturing jobs and have lived much poorer lives.

[Former Proud Canadian]

Your post is true as far as it goes. Unfortunately a low wage region like Asia can decimate the industrial base of another country. You get cheap consumer goods in terms of currency. However you pay for them in the form of jobs.

[trebb]

This is the reason tariffs are not needed. Governments that financially support exports eventually run out of money. During all that time, Americans enjoyed subsidized products, resulting in a higher standard of living.

Define "higher standard of living". I would most happy w/o 90% of the stuff/junk that we have replaced humanity with.

[trebb]

This is the reason tariffs are not needed. Governments that financially support exports eventually run out of money. During all that time, Americans enjoyed subsidized products, resulting in a higher standard of living.

Define "higher standard of living". I would most happy w/o 90% of the stuff/junk that we have replaced humanity with.

[GOPJ]

We got great prices because China artificially propped up their industry at the expense of their people. It was a long run play.... might have worked too if China had enough money to ‘corner’ that part of the market.

It's expensive for countries to re- industrialize after all these years, but the US will do it and be better for it.