What else are we to do? We’re being abused by China that over-manufactures vastly more than their own economy could ever need so that they can keep their own underpaid citizens employed and in line. The goods are then dumped in American markets at fire sale prices that destroy all U.S. competition (which is forced to charge higher prices due to our litigious products liability exposure tort system, consumer protection regulation, and employment benefits for workers).
Europe offshores their defense to the American taxpayer which allows them the cash to subsidize their own industry. The U.S. Navy is almost solely responsible for policing global supply lines and shipping lanes so that international manufacturers and food producers aren’t overwhelmed by insurance costs passed on to consumers. No country reimburses the U.S. for this. Canada instead manipulates their currency to make American goods more expensive. Other countries like India incessantly tariff American goods. We have trade deficits with nearly every other country on the globe. That can’t be statistically possible in a fair system. Apparently, we’re just supposed to take it?
In the name of “free trade” for everyone else, we have exported our best manufacturing jobs overseas so that we’re mainly producing jobs in the U.S. for waiters and nurses.
For the time being, we have the largest economy in the world. Although prices will rise with tariffs, it will motivate American ingenuity and create a work around industry and employment that will offset modestly higher prices.
I don’t know what else we’re supposed to do.
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