The issue is unfair trade rules. He speaks of trade imbalance as the result. We lose jobs, they gain.
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Replying to @ScottAdamsSays
Not an accurate way to conceptualize the problem so it's bound to fail. The free market actually works for the most part and you inevitably have specialization based on comparative advantage. We don't want textile mills in the US when there are better capital allocations.
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Replying to @Alex__Katz
Dumping below cost is good for the economy? I think your view only works when all sides play fair. That’s what Trump is forcing.
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Replying to @ScottAdamsSays
There's a process to arbitrate those cases. This is just a broad-brush tariff that will incite retaliation and make nobody better off. If we're going to do industrial policy, it should be just subsidizes and infrastructure rather that inefficient taxes.
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Replying to @ScottAdamsSays
The fake tough guy doesn't work when your're hurting yourself more than anyone. Making your country more competitive is the way to win at trade, not putting up barriers.
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Replying to @ScottAdamsSays
China doesn’t have high tariffs. They just subsidize the shit out of their steel industry. We could do that to, but it would be a waste of money. We should be investing in lowering healthcare and education costs, along with infrastructure.
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Replying to @ScottAdamsSays
Then slap a bigger import duty on Chinese steel. This is affecting every country in the world and our allies like Canada. It’s dumb.
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So tariffs are good now?
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Replying to @ScottAdamsSays
They can make some sense if they’re in response to actual bad behavior that is negatively impacting a critical US industry. But, again, you already have import duties on Chinese steel. This is a tariff that applies to every country.
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