Posted on 03/23/2016 5:35:04 PM PDT by reaganaut1
What Shikha Dalmia fails to acknowledge is that the trade imbalance is the result of many American companies being locked out of China’s markets if they directly compete with concerns in their country. But hey, ignoring that fact helps her sell her position of Trump being illiterate. But I bet most of us, including Ms. Ingenious, wish we were even a tenth as illiterate as Trump when it comes to financial matters.
We’re giving them dollars that have to come back to the U.S. to be spent and they’re giving us stuff for it.
As the article states: you don’t have a ‘deficit’ with everyone you buy from that doesn’t buy the same amount of your stuff.
Trade barriers hurt the country that imposes them.
And Japan? They’re not the reason U.S. automakers don’t make better cars. Increasing the price of cars for all Americans is not going to change that.
The article is a correct assessment of Trump’s economics.
>>>American companies being locked out of China’s markets
If American products are superior or better value, that is China’s loss. Loss to their people, industry and economy.
Trump’s economics - huge tariffs would tax the majority of Americans to benefit the few. Think auto bailout.
Americans would get higher prices, lower standard of living, wages worth less, higher cost doing business, less exports.
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