Trump just backed down on the trade issue. It was covered and ignored on here.
As far as wealth you still aren't listening... we have a surplus of dollars in this country.
If you think that there is upward pressure on wages, something I have to believe as unemployment ticks down, we have... you guessed it EVEN MORE DOLLARS.
You've been shown countless examples of investment in this country leading to that surplus. If broken down per person its not even close to any other country in the world. The deficits we lose come back here in the form of investment and we then spend those dollars.
Here... again:
https://www.youtube.com/watch?v=zv5SiQpG6sg
Maybe Trump is realizing its better to let the market just sort it out. That would be what a capitalist does. Maybe not. Maybe all this trade talk was just simply bluster for votes. I don't know and I don't care as its not based on any empirical economic data.
When cheaters cheat we already have a body that can handle the dispute. Recently I posted how Airbus and the EU have been cheating through subsidies and loans. The WTO gave the United States the GREEN LIGHT to retaliate so why haven't we...? Maybe because the state of Washington gives Boeing the EXACT same unfair treatment.
Everyone tries to cheat some. If you have a case address it. This talk of trade wars and overarching tariffs is nonsense.
What this, I think, really boils down to is the MAGA crowd just can't accept the fact that China can make a lot of what we consume, faster, cheaper, and just as well as us.
An economist goes; They should be able to. They have 4x the people, pay them 1/3 as much, and have most of the inputs and natural resources onsite.
