This is how you tackle a trade deficit.
Don’t hide behind a barrier, go out there and outsell the competition.
The “barrier” is just a harmless tax. It is far healthier than an income tax.
How many ‘deals’ has Trump negotiated?
The Swamp wants it to be as high as it can get to effectively redistribute our American wealth to their “Buddies!”
PDJT is thwarting that! MAGA!
The Swamp is being driven nuts. A beautiful thing.
That’s my philosophy too. I appreciate that Trump is so concerned about the trade deficit. I do wish that the U.S. would adopt an industrial policy. We need to encourage industrial growth in the U.S.
There are many reasons for the trade deficit. The dollar being so high in value is one reason with the dollar being 90% of global reserve currency and the petrodollar being dominant. The U.S. government policy has been to keep the dollar high. It makes our products higher in price in many places. Also not helping is the fact that to get to the other rich markets like Europe, East Asia, and Australia, we have to ship across huge oceans, adding to shipping costs. Arguably the biggest reason for the deficit is that so few American companies actually export. Only a very small percentage of American companies actually do export. Astonishgly, one company-Boeing-is responsible for 25% of the value of U.S. exports. Encouraging more companies and businesses to export should be national policy. If we could just increase the number of companies exporting by a mere 10%, the deficit would vanish.