However, with time, jobs were lost and the number of consumers has declined. Consumers benefitted, but at the expense of local producers consumers was the larger group then – so it all worked. USA made a lot of outsourcing/ free trade deals in the past. When a speculator pays a record price for a house, (s)he doesn’t know if (s)he made the right deal and the market will continue going up the outcome is visible after years (who knew the Fed would keep the speculator in the black)… Trump is clueless about trade and barking up the wrong tree.īecause no one knows upfront how a deal is going to pan out. To understand the origin of trade imbalance, please see Disputing Trump’s NAFTA “Catastrophe” with Pictures: What’s the True Source of Trade Imbalances? One does not win a trade war by losing less.Īlso see NAFTA is Dead: Trump Seeks Separate Agreements With Mexico and Canadaįor a collection of still more charts on the absurdity of NAFTA bitching, please see Dear NAFTA Bashers: You Need New Charts.

has been ripped off by other countries for years on Trade, time to get smart!Īll sides lose in a trade war.

When you’re almost 800 Billion Dollars a year down on Trade, you can’t lose a Trade War! The U.S. It also left unresolved an awkward issue for both sides: the Chinese telecommunications company ZTE, which had violated sanctions against North Korea and Iran. The apparent impasse left the Trump administration with the issue of what to do about China’s industrial policies. “If the United States introduces trade measures, including an increase of tariffs, all the economic and trade outcomes negotiated by the two parties will not take effect,” China said in a statement distributed by the state-controlled news media. The United States and China ended trade talks in Beijing on Sunday without any announced deals and with Chinese officials refusing to commit to buying more American goods without a Trump administration agreement not to impose further tariffs on Chinese exports. The New York Times reports U.S.-China Trade Talks End in an Impasse.

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