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re: Protectionism is not the answer
Posted on 2/24/17 at 10:06 am to I B Freeman
Posted on 2/24/17 at 10:06 am to I B Freeman
I'm also a proponent of free trade, but when your trading partners and your trading opponents play by different rules like dumping product, like devaluing their currency and by under cutting your businesses through their governments; then we have to fight back somehow to level the playing field.
5
Posted on 2/24/17 at 10:08 am to doubleb
quote:
then we have to fight back somehow to level the playing field.
Do it via deregulation and market reforms, not protectionism.
Posted on 2/24/17 at 10:19 am to doubleb
quote:
I'm also a proponent of free trade, but when your trading partners and your trading opponents play by different rules like dumping product, like devaluing their currency and by under cutting your businesses through their governments; then we have to fight back somehow to level the playing field.
There exists today literally tens of thousands of US tariffs on imported goods imposed over the years as "anti dumping" tariffs.
A 25% tariff as Ryan proposes and Trump supports will bankrupt my business and create a monopoly for the products I make as there is only one US manufacture of the product I import to make make my products and to construct a plant to make that product could not be done with today's regulation.
Posted on 2/24/17 at 11:10 am to doubleb
quote:
I'm also a proponent of free trade, but when your trading partners and your trading opponents play by different rules like dumping product, like devaluing their currency and by under cutting your businesses through their governments; then we have to fight back somehow to level the playing field.
Just stop man. for the love of god.
Free trade means that markets can "fight back" for themselves. If China wants to "dump" steel, then the free trade solution is to allow people to buy cheap steel. The government attempt to protect Americans who produce steel is not "leveling the playing field", it's actually hurting the CONSUMERS of steel for the benefit of the employees or Producers of steel. there is nothing fair about free markets, and nothing free about fair markets.
Posted on 2/24/17 at 11:53 am to doubleb
I am much more in favor of not enacting tarrifs, that the average consumer will bear the brunt off, but rather reduce foreign aide to countries participating in these unethical and "unfair" tactics. Also renegotiating trade deals that are more beneficial to average/middle Americans as opposed to multi national corporations.
This would also include reducing the tax burden on those corporations domestically to entice them to relocate back to the US
This would also include reducing the tax burden on those corporations domestically to entice them to relocate back to the US
Posted on 2/24/17 at 6:23 pm to doubleb
Exactly, not a fair game.If Trump were able to able to end minimum wage and all regulations that other countries dont have to deal with, then we could talk free trade
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