Posted on 04/13/2025 4:37:08 PM PDT by Jyotishi
If true, why haven’t China, Japan, South Korea, and most of Europe collapsed?
They all have “walled off” their economies.
I should have mentioned Canada and India as well. Both impost high tariffs on American goods.
What Trump is doing is not protectionism.
It is attacking the protectionism of our trading partners. It is a negotiating tactic to force them to level the playing field.
If anything, it is working towards (more or less) free trade. They stop taxing our exports, we stop taxing their exports. That is not protectionism in my book.
The article says, “The writer is a Colombo based journalist.”
America had protectionist tariffs from 1789 all the way to the 1930s and we became an industrial superpower. These liars need to shut their mouth.
Correct. It’s really that simple.
“Paul Krugman pointed out”
Nilantha Ilangamuwa proves that he’s a dope. Poor choice mentioning the always wrong Krugman.
perfect retort.
“The writer is a Colombo based journalist.”
Where is Columbo, or are we talking about Peter Falk, the detective?
Government deficit spending is necessary to make up for trade imbalances.
Otherwise, the Chinese, Japanese, Koreans and other foreigners would wind up with an ever-increasing percentage of the dollars.
Millions of voters must be moved to payrolls and away from the Democratic vote-buying troughs.
It’s time to say $36 trillion of deficit spending was more than can possibly be justified by stock market capital gains taxation.
We can’t get US government cash flow in balance for long-term stability until we get trade cash flow in approximate balance.
If the trade deficit is $700 billion a year, the US government must overspend about $700 billion a year on all sorts of things often not related to real constitutional need and propriety. If US consumers have $700 billion in their bank accounts on January 1, they’d be out of cash come next January 1. Foreigners would have the dollars.
Remember, better a 10% tariff than a 14% devaluation [Britain 1967] followed by more.
Exactly. Well said.
Is Trump escalating protectionism started by others?
Maybe just because other cheat and steal does not mean we should do it.
Maybe China, Iran, etal are a different rationale than Japan, Korea, Australia, etal
which maybe are a different rationale than Canada and Mexico.
There are many aspects in a complex multi player system.
Are there broad statements that are true and reality?
Or are there just many narrow statements...narrow in time, narrow in country.... narrow in which multi-national ox is gored?
A tariff is a tool that can be used to good effect or to bad effect depending on how it is used.
India is a third world literally shit-hole with only 30% of houses have a friggin TOILET. ,They bathe in rivers filled with the crap from … you guessed it. They didn’t have to adapt to masks since the air foul to begin with. And now this clown dares to lecture us?!
How stupid articles fuel online news company collapse. https://www.dailypioneer.com/2025/columnists/how-protectionism-fuels-economic-collapse.html
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