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re: Trump's section 301 tariffs were successful. The data proves it.
Posted on 3/11/24 at 8:18 am to RogerTheShrubber
Posted on 3/11/24 at 8:18 am to RogerTheShrubber
quote:
Wealthy nations will have trade deficits.
That is ridiculous and solidifies my previous statement. You do not know what you are talking about.
Posted on 3/11/24 at 8:28 am to Warboo
quote:
That is ridiculous and solidifies my previous statement. You do not know what you are talking about.
quote:
A strong trade surplus doesn't necessarily mean strong economic growth. Japan, for example, has run a significant trade surplus for most of the past several decades, yet its economy has been stuck in low gear most of that time.
Weatherhead East Asian Institute Columbia University. “Economy and Trade Fact Sheet.”
Germany, too, generally runs a strong trade surplus but registers mediocre economic growth.
In the U.S., some periods of strong economic growth have come at times of a surging trade deficit, as consumers and businesses buy more products and services from abroad, and foreign investors seek to put their money to work in the U.S.
There is no strong link between deficit, surplus and economic conditions. We offshore what isnt efficient, we create here what is efficient. Thats how economies run at max proficiency.
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