2quills
Well-Known Member
I support free market too. I just want it balanced.Yes.
Chinese wages will continue to rise in US dollars until the trade balances out.
We heard this about Japan back in my day. Yet today Japan has had 2 flat decades because the wages are more expensive.
and today US wages are cheaper then 13-14 industrialized countries even thou the actual wages of increased in the US.
Meanwhile Hyundai, Mercedes, Honda, Toyota build 8-9 million cars in Alabama because it is less expensive.
I suggest you study the great depression and smoot-Hawley.
I would rather see free market trade policies then socialists who reject free markets attempting to control the "evil foreigners" To increase their power.
I took your advice and did a little research. And I've come to the conclusion that Trump might not be wrong. Stay with me here...
I get what you're saying that the 1920's and 30's were a lesson in what can happen when terrifs run wild. And since then we understand they are a bad idea and stay away from them.
But, when Nixon came in he imposed 10% retaliatory terrif on imports. Which forced everyone to the negotiating table that we were imbalanced with where we hashed things out and the terrifs were dropped.
Then in "your day" we had a similar imbalance with Japan. Regan, came in and threatened them with unilateral retalitorial terrifs. In this case negotiations were able to happen before said terrifs were imposed. As a result we allowed them to build plants here that employed, Americans which made and sold their cars. They still got to make some money since it was cheaper for them and we quit getting ripped off.
We have relatively fair trade balance with many rich and poor nations. With the exceptions of places like Venizuala and Mexico who coincidentally practice the dirty art of currency manipulatuon which only serves to promote that imbalance just like China.
Now, I've seen every republican debate thus far. What Trump is proposing is unilateral retaliation against those specific nations. And he may be serious or he may not. But either way it should force folks to the negotiating table. And isnt that Trumps claim to fame? He makes deals, right? Negotiator.
So anyway, it doesn't really steer me away from considering him if that's what we're stuck with.
You guys should read up on this new concept of Variable Terrifs. Nations can make their own choice whether they think it's a good idea to promote imbalance with us or not.