From what I gather, the reason for the steel tariffs is that China has been dumping steel into Canada and using NAFTA to get it into the US and bypass regulations that prevented them from dumping it straight into the US to begin with.
That is an example of why Trump is correct that all these deals have to be renegotiated. Everyone is cheating and we are the sucker at the table.
Economic theory is just bullshit.
I have all kinds of logical theories on horses, but if I'm losing my shirt on one of them I stop making the same kind of bets.
We are getting killed on free trade. That's a 100% certainty. We've been running massive trade deficits for decades.
Threatening or imposing tariffs could be a bad idea, but not if the end result is a better deal instead of a trade war. Let's see how it plays out first.
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"Unlearning is the highest form of learning"
Last edited by classhandicapper; 03-07-2018 at 06:46 PM.
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