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The New EU Trade Deal: No One Likes Tariffs – Which Is Why Trump Imposes Them
...It is how Trump is approaching the half-century-old global trade nightmare mess he inherited.The United States on trade ‐ has been the fool of the world. We have been a virtually open channel to any goods and services from any and everywhere (including really awful places like China). While we have let any and everyone everywhere ‐ impose all sorts of tariffs and import-limits on our stuff. Meanwhile, we hardly subsidize anything ‐ while they subsidize the daylight of just about everything. All of which made our products ‐ and our market ‐ dramatically less competitive. Not because our private sector can’t compete ‐ but because their governments were uber-assisting theirs. And in our infinite stupidity ‐ and to our everlasting discredit ‐ we have spent decades doing nothing about it. Posted by: g(r)omgoru 2018-07-26 |
| http://www.rantburg.com/poparticle.php?ID=519381 |