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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (192534)10/8/2022 11:16:28 AM
From: Rarebird  Respond to of 218679
 
Free Trade is based on what is best for each nation. In theory, I support free Trade as a human right. That means no tariffs, no excessive taxes, no sharing of information with counter parties.

Free Trade brings prices down and is good for the global economy. But you need to be open for business and not constantly shutting things down at the slightest outbreak of a new strain of the virus. Free Trade based on authoritarian control is not free Trade.

In the USA, some have gotten hurt by the outsourcing so it has become politically unpopular to outsource.

USA has been an economic power for quite a long time before China became somewhat market oriented, so we do know what works best economically speaking. The problem lies in balancing things out between those who have gotten hurt in terms of their salaries by Free Trade
and the lower inflation that comes with outsourcing the work at lower salaries.
USA can produce and manufacture most things here. There is nothing we can accomplish or do. The only question is what is best for the USA.