re: Protectionism is not the answer

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Trump is a master negotiator

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is it the multiple bankruptcies that is the evidence for this or do you have something else?

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Of course it's not the answer.

But Trump is a master negotiator and threatening protectionism is a genius tactic to begin negotiations for new truly 'free' trade agreements.

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I don't hear him advocating truly "free" trade but I wish he would.

I agree that NAFTA is far from free trade and should be dismantle and reconstructed. That does not necessitate an overall border tax.

The idea that we need a border tax embedded in the tax code for all imports is insanity. Ryan wants to force companies that import to reduce their cost of goods sold by the amount they import causing them to have much larger taxable profits---that is really insane.

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How would the border adjustment work? It would alter the current corporate tax structure by essentially imposing a tax or levy of 20 percent on all imports – including components and parts used in assembly – while exempting U.S. exporters from any taxes. Viewed another way, U.S. companies would no longer have to report revenue generated by their overseas sales as taxable income, but for the same token, they could no longer claim expenses incurred by importing goods and materials as deductible from their federal tax obligation.

“This would shift the current corporate income tax from an origin-based tax—one that applies to the production of goods and services in the United States—to a destination-based tax—one that applies to the consumption of goods and services in the United State,” according to a Tax Foundation analysis.

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Trump supports the Ryan plan. It is ludicrous.

Thankfully the republicans in the senate seem to be very much opposed to it.