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We acknowledge that free, fair and mutually beneficial trade and investment, while creating reciprocal benefits, are key engines for growth and job creation.
We will work together to enforce existing international rules and develop new rules where needed to foster a truly level playing field, addressing in particular non-market oriented policies and practices, and inadequate protection of intellectual property rights
originally posted by: Aazadan
a reply to: Isurrender73
You didn't explain anything in that post. All you said was that Trump is great. You didn't explain the hows and whys of how anything you just claimed works.
originally posted by: carewemust
AMERICA FIRST!
Americans who don't like it, should leave the country.
A child-hood friend moved to Montreal Canada 15 years ago. Loves it there!
originally posted by: SunnyDee
a reply to: Aazadan
Can you explain how that works out for you? And would you be better off without the deficit?
originally posted by: howtonhawky
So did the canucks ever get ken barbies eyebrow glued back on?
originally posted by: Aazadan
a reply to: Isurrender73
You haven't explained why trade deficits are bad yet. I have a $10,000 per year trade deficit with my grocery store. It works out ok.
Trade deficits and budget deficits are not the same thing.
What effect does all this have on American workers? Trade deficits, even in times of strong growth, have negative, concentrated impacts on the quantity and quality of jobs in parts of the country where manufacturing employment diminishes.
Even the economists who argue (incorrectly, we believe) that the trade deficit doesn’t affect the total number of jobs do admit that it affects the composition of jobs. There is, for example, a lot of research confirming that deindustrialization in the Rust Belt is partly a result of the fact that America meets its domestic demand for manufactured goods by importing more than it exports.
One oft-cited academic study found that imbalanced trade with China led to the loss of more than 2 million U.S. jobs between 1991 and 2011, about half of which were in manufacturing (which worked out to 17 percent of manufacturing jobs overall during that time).*
Further, the economist Josh Bivens found that in 2011 the cost of imbalanced trade with low-wage countries cost workers without college degrees 5.5 percent of their annual earnings (about $1,800). Far from a small, isolated group, these workers represent two-thirds of the American workforce.
www.theatlantic.com/amp/article/509912/