Tariffs as an international policy tool
Has Donald Trump hit upon a very persuasive and effective international policy tool? The effects of China's tariffs are somewhat up for debate, but there is no question that Mexico isn't doing anything to stop the hordes of illegal immigrants from crossing our borders. As they rely so heavily on trade with the US, time will tell (and probably very quickly) if this will be successful.
It will be interesting to see how things play out. We have all the natural resources to be self-sufficient with a few possible exceptions (such as rare-earth metals needed for the production of cell phones). We've been taking advantage of the slave labor rates of many nations such as China in order to get cheap goods - but they in turn have been stealing our technology. It seems to me that the policies of trying to engage them via trade have only emboldened them and allowed them to steal even more, so a change in tactics is necessary IMHO.
Personally, I would prefer to see the US go back to tariffs as the primary revenue source for the federal government (and the elimination of the personal income tax) because it would force us to divest ourselves from welfare systems. On the international front, I also see tariffs as an effective tool in both trade and policy negotiations. I would completely support tariff levels based on the trading partner's "freedom" score: open markets, free elections, adherence to protection for individual rights, etc.
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I saw a Ford Mustang in a show window which was priced more than twice of the US price tag.
I ran out of some Chanel cosmetics and replaced them at three times the price we pay in the US, let alone in France.
I used to work for a company that had worldwide subsidiaries, one of them in Tokyo.
They sent me there to talk to Japanese trade officials to solicit better terms for the company's products. I also saw the US consul there who said that "we are not even on the mat" when it comes to competition.
To my understanding not much changed. The president said the negotiations went well but the Japanese did not confirm that. Which probably means not significant progress in the trade balance.
It's still stealing.
I'd like to see a tax revolution that destroys the fed and the 16th amendment. Hell, they already spend double what is stolen from producers, why not run the fedgov entirely on tariffs and credit ?
Lay off everyone who works for the federal government except defense and those needed to maintain computers that issue social security credits. The con-gress already gets paid ten-fold more than they earn. Cut it to zero and send the looters home to loot the locals.
I remember when the Jimmieh told us to tighten belts and not use credit cards.
Is that what you are referring to?
I’m talking more like defeating the Nazis or the American Revolution.
No avocados! No produce!
Well, produce them in the Central Valley. After all CA supplies a large percentage of produce to the nation.
I trust Trump includes cars assembled in Mexico by European manufacturers which are imported to the country as luxury items, and hit by luxury taxes thanks to Sacramento.