I guess Trump would like to start a global trade war.
I agree with everything he said in the interview. Free trade is not sending jobs overseas in order to employee slave labor. Free trade must recognize the disparity in wages between countries and adjust prices accordingly. The party that first recognizes this will be the party that is embraced by the American people.
China regulates capital flow by not allowing other countries to buy its debt. This allows them to control their currency exchange rate.
We do not need a tariff. We need to reciprocate. China should not be permitted to buy our treasuries and anybody that so sells them, even through foreign intermediaries will be subject to criminal penalty.
There - that ought to make a few heads in Washington explode.
Wait. Isn’t Donald Trump like the only guy in history who ever lost money running a casino?
In the same interview, Trump admits that he “buys a lot” from the ChiComs.
Using “Donald Trump” and “running for President” in the same breath is comical.
No, its bad idea. Just don’t let china to buy tbills. If they want do spend their USD they have to invest it in US
Even considering a tariff is silly considering how much China already owns us. If you really want to take power away from China, pay down the debt that we owe to them.
I saw his rant on the tube the other night, as always, Trump proves he’s not the smartest on economics. He may be a good salesman, for which he has amassed a fortune, but economics is not his strong point.
Many here will agree with him, there are plenty of isolationists on these boards, who think that imposing high taxes on imported goods will force folks to buy American.
Indeed, they might. It will also folks to go broke faster than any inflation might. Right now I know many folks who are surviving because of Wal-mart. They can’t afford union made products.
And what happens once the unions are given a monopoly on products you must buy? Will the quality of those products increase? Hell no. They will be back to building cars like they did in the late 70’s and early 80’s. Will the prices go down? Hell no, they will raise the prices of their products to fund the liabilities they currently cannot afford.
As it stands, unions are sinking because of these liabilities, they would LOVE to have the US tax to death imports, so they could double their prices. And then, after that, they’ll double them again so they can make more promises to union members.
If they want to decrease our trade deficit, get rid of the harnesses on our own business that China does not have. Get rid of the prowling lawyers that make doing business here expensive as hell, get rid of the EPA, get rid of the tons of regulations and lower our own taxes on American made goods. How about that?
Trump appeals to the lowest common denominator amongst New Yorkers, while the rest of us in heartland are sick of being the experiment of the week for their goofy, failed several times already-projects.
Like it or not, we are in a global economy, and to compete on this global economy, we must either insist that other countries hamstring their business the way we are hamnstrug, with regulation, inane costs of doing business, and eco-terrorists from within our capital, OR we must diminish those same factors to the level of our competition.
But it won’t happen, because there are too many who think America is too powerful, and they do their best to bring us down a few pegs. Unfortunately, our POTUS and those in power right now are the ones thinking that way. They have a UN attitude, and believe all the worlds problems will just be solved if we play with one hand tied behind our backs for a few years. Screw them, because wanting America to be “taken down a few pegs” would have been considered treasonous when I was growing up, and in my mind, it still is.
Taxes aren’t going to solve anything. Trump is a big-mouthed idiot. He is too tainted from Hollyweird to even consider getting a vote from me.
I agree. It is not a free market if any side is manipulating anything from currency value to government support.
If a free market is competing with an unfree market, then it is proper for those who are being injured to take steps to address the problems an unfree market is causing them.
If that is a tariff, then I’m in favor of it.
Seriously, if I’m selling a widget for $3 and getting a profit of $1, but my neighbor gets a government subsidy of a dollar and sells his widget for $2 with a profit of $1, how is that a free market?
Or, what if the government gives them serf-labor that saves them $1 a widget, doesn’t that amount to the same thing?
Duncan Hunter also believes in free markets and said he’ll protect them. I agree with him.
Additionally, he says that we should keep all forms of industry in our country, especially of the heavy variety, as a matter of national security. We shouldn’t be relying on our aircraft or tanks being make all or in part in some foreign land.
His past will not allow him to run... the vetting process would destroy him.
LLS
Trump has his heart in the right place. The balance of trade (zero trade deficit) is more important than tariffs per se. It would be far easier to gather worldwide support for a balance of trade among the world’s nations than to go it alone. That’s what leadership is for. Few nation’s would oppose balance of trade arrangements. The exceptions would be few, and these would be the nations with the huge trade surpluses. There is no need for the U.S. to move forward alone. It can gather worldwide diplomatic support for balances of trade.
Trump left out the positive impact that reducing the trade deficit has on the federal deficit. It’s one of the easiest an effective arguments. Another sign that he is out of the game.