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Xander77 posted:Sorry if I was unclear. I wasn't talking about "if you slap tariffs on us, we'll slap tariffs on you". I am not an economist so grain of salt : trade deficit (or surplus) is the difference between total cost of imports and total cost of exports for a country. It's a neutral term; It describes a general fact about the economy. Having a trade deficit isn't necessarily good or bad. Reasons you could have a trade deficit include being a service oriented economy (like the US) or being rich as gently caress (like the US). Trying to balance them is silly for the same reason we don't try and trade homegrown produce for a new Xbox, i.e. money is a thing. Trump is antsy about about the trade deficit because a) he's a broke-brained moron who thinks literally all human interactions are zero sum and b) his dementia addled capitalist brain can't conceptualize that you can NOT be selling overpriced crap to other people and still be financially solvent. Xand_Man fucked around with this message at 12:59 on Jul 11, 2018 |
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Jul 11, 2018 12:47
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Not sure they need 67 Ds, Trump's tariffs haven't been going over great with the business wing of the GOP
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Jul 11, 2018 14:06
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