Mexico and Canada, as well as other of our allies, are not taking Spanky's tariffs lying down. A trade war isn't something we need right now unless we want our economy to slide again. His tariffs will not only affect products coming in to our country, but those we export to other countries. I can see no way a trade war benefits us at this time.
Of course, Spanky lovers will take up for his actions as usual.
Randy .....Randy ......Randy , Who did you learn trade diplomacy from Jimmy Carter and the Iranians ? There is a huge difference between a leader saying enough is enough in offsided trading and an all out trade war.
Do you think that the first bullet of the world war III will be fired as soon as the diplomats slam doors and scream at each other ? Where is your sense of adventure ? Oh well --It sure isn't the first time liberals have dropped their lunchbox with Trump Derangement Syndrome , remember when you all said North Korea was going to Nuke Manhattan ?
The United States has the world's largest trade deficit ($566 billion in 2017) - China $375 B, Canada $18 B, Mexico $71 B, Japan $69 B, Germany $65 B
It's been this way since 1975 - net imports always higher than net exports
Why is it seen as a trade war when the President wants to balance out exports and imports? Should we subsidize the rest of the world's major economies?
Hi RJ, would you consider the "whys" of that trade imbalance may have a lot to do with the imbalance itself?
Could you consider that the "lowest price" mentality of the American consumer, combined with the profit motive of corporations, (shipping jobs to lowest cost localities), combined with artificial wage manipulations, (labor unions?), may indicate that that trade imbalance is as much our own fault as it is of foreign nation's manipulations?
Of course there are bad actors like China, that use artificial government support to allow businesses that should fail - to prosper instead by subsidizing their costs, allowing them to disrupt legitimate businesses, but such examples are only a slice of the pie. American consumers and businesses own an equally large slice of that pie.
The point being, is the currently prescribed medicine the right one for the illness?
We agree again, GA. It is as much our fault--or perhaps more--than those we trade with. There will always be a trade imbalance when you're trading with some countries, depending on their labor and material costs compared to ours.
Hi Randy, if we exclude China from this scenario - because I think their government really is a "bad actor," relative to currency manipulation and industry subsidies, I agree that trade imbalances will always exist in a free market. And I don't think that is necessarily a bad thing - it is just the reality of global economies.
The trade with Canada and Mexico, but Trumps own statement, did not have an equity problem. That issue was in relation to China.
Canada and Mexico said they will hit back with Tariffs.
Why that greedy bastard!!!
All countries have trade issues with the US and the US with them . Canada ; Lumber for one , here in New England the lumber industry has plummeted , loggers jobs , saw mills , furniture builders both basic lumber and high end finished products have suffered for decades .
Yet every day we see loaded tractor Trailers of fresh cut American logs headed across the border into Quebec . Why ? Canada subsidizes by reduced taxation their entire timber industry and wood manufacturing factories , they always have .
Suppose Canada first cares about US jobs first ?
by Scott Belford 13 months ago
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Trump has helped to brutal, murderous dictators (Un and Putin) gain world legitimacy while at the same time starting an unnecessary Trade War with what use to be our allies.WHY?
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