Quote:
Originally Posted by elysiantraveller
Trump is a firm believer in zero-sum. Because its a fear-driven negotiating style its always prone to be irrational.
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And he doesn't understand that the trade deficit is one side of a coin. The other side of the coin is the capital surplus. He should love that, because it is always zero-sum. The money leaving the country when we import more than we export comes back into the country as investment in our economy. Foreign money (that is, our own spending coming back) is funding the increasing deficits of our government as well as building up our economy and creating jobs. How many auto industry jobs would we have without the plants built here by Toyota, BMW, Mercedes, Volvo, etc? What would the interest on our national debt be without Chinese purchases of our bonds?
