Does it seem to you that we are choosing to close US factories, Doubty? Who is we??
Factory CEOs/owners/shareholders are making those decisions, as they should.
Let me frame this in a tax-morality light. It's interesting to ask what maximum percentage the government should be allowed to take of your income: 38%? 50%? Why not 100%?
So let's ask: "How much imports should "we" be allowed? 62%? 50.000%? 0%?"
Once we get to 50%, or "ZERO" trade deficit, should "we" close the borders? Who decides what value of exported steel vs. imported textiles is a "fair" trade? The government? Or the buyers?
What boundaries should be protected? Should Rhode Island be protected from Oklahoma oil fields? Should Kansas be protected from California's semiconductor exports? Why should Mike Dell and Carly Fiorina be allowed to transfer most of America's PC development jobs to Austin and Houston? It's not fair to the Gateway folks who lost their jobs in Sioux City, South Dakota!
And then, why should cities not be protected? Should Corsicana, Texas withhold fruitcake exports to Seattle until Starbucks agrees to drop its prices for Joe?
[Enjoying more coffee this morning, thankyouverymuch!]