Fairly put, Trump does a better job of explaining however. We have taxed our employers, heaviest in the world, regulated to death, allow other nations to put in impediments to importing our exports, and have devalued their currency to the point where our employers have been forced to go overseas for relief and a chance to survive. It is a real cluster F@#$k of mismanagement. We just need to rework these things to restore opportunity and fairness so that we can truly achieve a free trade status.
So called free traders refuse to consider these impediments to American employers and the American public. They always spout the “cheap products” line when they cannot understand that we will need ever cheaper products as our aggregate purchasing power by individuals continues to remain stagnant or lower for the common man. It is literally a cycle of certain failure economically.
We are encouraging American manufacturers to engage in employment arbitrage when we don't either seek to normalize the embedded costs of our regulations, or to eliminate the expenses those regulations add to a company's product cost. You can't reasonably expect a country with first-world sensibilities to fairly compete in a third-world manufacturing environment.
This is nonsense. People advocate for free trade because it lowers barriers to trade so that trade can increase. When trade increases everyone benefits. Free trade necessitates less government interference in the economy, but the burden placed on American business by onerous regulation and high taxes is well understood, especially by guys like Williams.
Why anyone would complain about excessive government regulation and taxation, and then support government imposed tariffs (increased taxes) and greater government regulation of the economy, is a mystery.
I have often though of this vicious circle. An American community loses a good factory to China that supplied 500 jobs. These workers get lower paying jobs because this is all that is left or they remain jobless. With their lower incomes the only items they can afford are the cheap ones from China and Asia.
Its a downward spiral. No one in Washington DC cares (they are bribed by multinationals that benefit) and they enact ever more stupid trade deals like the recent TPP that results in more American job loss and higher trade deficits. Donald Trump is the only presidential candidate out of the original 20 or so that understands this and wants to stop it. Which is pretty darn pathetic.