But that’s the transformation of a production economy to a service economy. The choice wasn’t between well paying jobs in the US and outsourcing - it was between automatization and outsourcing.
Vietnam and Bangladesh have shit jobs with shit pay. No one in the US wants that, so why bring it back? Textile mills will be automated at a higher cost. Few specialists will get jobs and the cost of living goes up for everyone. How is that good?
There’s no trade deficit with the EU/UK. That’s a lie pushed by politicians like Trump and by pundits to rile MAGA up so they accept a federal sales tax on the average joe. There’s a deficit in the trade of goods that is compensated by a surplus in trade of services. US-EU/UK trade is fair and should be free - to the benefit of all.
The Trump admin should only focus on production of advanced goods that get state substudies, which creates an unfair trade advantage. That’s China - not all of the world.
That isn’t true, though. I’m not read up about the rest of the world, but it isn’t true for Canada, the UK and the EU, and I doubt it’s correct in many other places that are relevant. Except for China.
Again, it’s Trump riling up his base with BS. Seems to be working, too.
Maybe its a way of telling europe to buy oil from its friends instead of russia and other countries who are supposedly a threat, like they have been doing for the last several decades?
Again these tariffs can be an important negotiation tool in all facits of foreign affairs, not just in pure economics.
If that was the case they would say so. Instead they’re saying European sales taxes are somehow an unfair trade practice towards American companies.
Why try to find excuses for lying politicians? You just said you think Western countries tax the fuck out of American imports and get free trade in return. It’s BS. The Trump admin is lying to you. You should start wondering why they do that?
In Europe, several countries have a trade deficit with the United States. Germany, the Netherlands, and Ireland are among the European countries with a trade deficit with the U.S. In 2022, the Netherlands had a deficit of €17.9 billion, while Luxembourg’s deficit with the U.S. was €11.4 billion. Other countries with a trade deficit with the U.S. include Spain and Italy. [1, 2, 3, 4]
Here’s a more detailed breakdown:
• Germany: While Germany is a major trading partner with the U.S. overall, it also experiences a trade deficit with the US. In 2022, the U.S. had a trade deficit with Germany. [5, 6]
• The Netherlands: The Netherlands consistently runs a trade deficit with the United States. [1, 2]
• Ireland: Ireland also has a trade deficit with the U.S. [1, 3]
• Italy: The U.S. trade deficit with Italy was $43 billion. [7]
• Spain: Spain is another European country that has a trade deficit with the U.S. [1]
Your AI text is not making any sense. It’s confused who has a deficit with who.
Regardless, I’m not sure what your point is? They’re all members of the EU that has a common market with common tariffs, and a trade balance with the US.
Trade deficit with an individual country is not necessarily bad, neither necessarily an effect of unfair trade practices.
I hope you agree that the Trump admin is lying and the Western world isn’t unfairly taxing US goods.
Tariffs as a diplomatic tool with friendly trading partners is a terrible thing. All you do is show you’re an unreliable trading partner that it’s better to decouple from.
It’s a strategy based on Trump’s short term, zero-sum game mindset.
General tariffs are a regressive tax hitting the working class the hardest. It also protects inefficient companies from competition, which also raises the general cost of living.
Yeah, but that’s different from the alternative to income tax you mentioned.
Punitive tariffs on unfair environmental and labor laws can be healthy to achieve fair trade, as well as promote human rights and environmental protection. It requires a lot more thought through regulation than we’re seeing now, though.
It didn’t come from your pocket. You got an income tax break.
And it didn’t come from increased pricing. Inflation isn’t rising
It is coming from corporate America… isn’t that what you want? Big corporations to pay their fair share?
And even better. The corporations are splitting it for the most part with the foreign companies that want to do business with the USA
This is the biggest win so far. And you’re too dumb to understand why
Except there has been no inflation since liberation day.
At some point Trump is right and all you people calling for increased prizes due to tariffs are wrong
