Morning Joe News

Discussion in 'General Discussions' started by TexasNut, May 28, 2013.

  1. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  2. AZBuckeye

    AZBuckeye Super Duper Moderater

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    And we just hit our largest trade deficit in 10 years ... A 7% jump in June alone [source].
     
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  3. hollis

    hollis retired

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    yeah, most economists will tell you that A) tariffs are an ineffective tool to reduce trade deficits and B) trade deficits don't really matter anyway.

    Trump likes to talk about trade deficits to mislead the public into thinking that we are literally giving away that money to other countries.
     
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  4. seismicmike

    seismicmike Professor Einstein

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  5. seismicmike

    seismicmike Professor Einstein

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    Trade deficits don't matter. The only reason to sell to other countries is to get their currency so you can buy their products. But they already accept US Dollars, so why do we need to sell to them?
     
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  6. AZBuckeye

    AZBuckeye Super Duper Moderater

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    While trade deficits don't solely reflect the overall health of an economy, they are often an important metric for long term job creation in fields of manufacturing (which Trump has promised to focus on bringing back). Unfortunately, these tariffs are going to hurt us more than they help in this regard, as US businesses who buy the products affected by these tariffs will simply have to pay more money for them (as we don't have US companies capable of manufacturing at similar prices), and our exporters will now face retaliatory tariffs which will hurt their competitiveness abroad.

    To put it simply, these tariffs increase inflation at home, and make us less competitive abroad. They simply don't help us, and will naturally contribute to said deficits.

    I think the reason to sell a product to anyone is to get their money, regardless of what currency it is in.
     
  7. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  8. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  9. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  10. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  11. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  12. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  13. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  14. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  15. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  16. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  17. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  18. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  19. OSUBasketballJunkie

    OSUBasketballJunkie Never Forget 31-0 Staff Member

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  20. OSUBasketballJunkie

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