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Originally Posted by classhandicapper
The tariffs are part of a process to get fairer deals. We don't now if they will work.
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A fair deal is one that both sides voluntarily agree to. End of story.
We do know that tariffs don't work, never have.
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Whatever we lose as a country because of higher prices is MUCH LESS than we would gain in jobs and wealth invested back in the US instead of overseas.
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We lost a net 200,000 jobs when Bush imposed steel tariffs on China. Insanity is repeating the same action while expecting a different result. How can we expect Trump's tariffs to have a different result than Bush's?
Running a trade deficit by definition means running a capital surplus, which means an increase in money invested in the US instead of overseas.
