All I am saying is, currently we have destroyed millions of American jobs, sent those jobs to China, where the factories were re-assembled, and now all of those jobs are in China.
This is not a success story.
America is losing. This is not just about Apple.
We are running a MASSIVE trade deficit with China.
Massive.
Sounds so ominous..."trade deficit".
I'm not sure many who try to use "trade deficit" as a scare tactic against free trade and for higher tariffs really get what a "trade deficit" is.
Everybody runs their household with a "trade deficit" which simply means you bring in more goods than you send out. Nothing wrong with that.
What about Hong Kong, a tiny little nothing on the edge of a tiny little rocky peninsula? Do they run "trade deficits"? Of course - they have no natural resources. Then why is it a place that creates such wealth? Because government interference with the economy was taken out of the way and the free market economy and free trade did what it does best: create wealth.
The issue is exactly what Reagan said it was: government interference in the free market isn't the solution, it is the problem.