As Trump looks to make it harder for countries to import in to America, rather encouraging American made products, will it back fire for the American economy? Will other countries step up to fill the void, making it easier for others to trade with them, and America actually end up, losing out. Right now, Trumps attitude is dependent on the fact that he thinks everyone is desperate to Trade with America, so he can make it hard and still benefit. Maybe he is really just going to open the way for other economies to trade better between them and end up overtaking America, which becomes left behind
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Getting out of TPP and NAFTA enables us to make better trade contracts.
You don't see the whole picture.
I see the whole picture and understand what the goal is.
Nevertheless I recall how optimistic some people were about NAFTA believing if there were better jobs in Mexico it would curtail illegal immigration. Now it's blamed for killing mfg jobs.
Let us start with the results, did our jobs leave the country? Do our imports exceed our exports by a trillion dollars. So what measure have these trade agreements benefited us?
We're in agreement NAFTA & other trade deals did hurt us.
Having a "strong dollar" also allows American consumers to purchase (more imported products) versus nations with weaker currencies buying our products.
Robotics killed many mfg jobs too.
Not a compelling argument and it doesn't address the China imports versus our exports which are $1 trillion less. China devalues their currency but gets paid in US dollar, then buys parts of America, You want that to continue?
The US simply lost its competitivness in the past 30 years. To regain it will not be dealt with by walls and tarrifs and isolationism. To reflect on comments: The US will not need less robots, but more robots. Start with education, not walls :-)
Today's world is very different to the 60s. More developed countries, more competition. USA could dominate then because competition was low. Thinking with a 60s mentality will backfire. Other countries don't need to be as dependent upon USA as before
CHRIS$57 You don't see the whole picture for the wall. It is not about trade or tariffs. it is about Terrorism, Drug Cartels, and unfair immigration.
brad..cal: What does terrorism or drug cartels have to do with trade tariffs? Of course the whole NAFTA and Mexico thing is quite hollow: NAFTA stands for 12% of the trade deficit. Trade with Mexico is 1,7% of GDP. You need terrorism to explain...