car in return, i’d welcome the trade deficit. The challenge arises when critical needs can be held hostage or when the “surplus” can no longer cover the importer’s needs. This is where politics comes into play.
our workers have not been able to keep up with the loss of domestic manufacturing with new skills. That has to be addressed. Trump is choosing to tackle this by pushing to bring back blue collar manufacturing.
I am not a fan of tariffs. I would have liked to see Trump address our challenges via regulation reduction, tax incentives and changes in educational objectives. Although, we shouldn’t have been so open to trading with other countries for the last 80 years.
Relative to the investment, this simply plays into the argument that trade is largely benefitting the rich. Foreign investment in treasuries and other assets rarely makes its way all the way to the little guy. Our deficit is aiding the top 5% far more than the bottom 95%.