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Author Topic: China US Tariffs  (Read 186 times)

Tut

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Re: China US Tariffs
« Reply #20 on: June 10, 2018, 02:13:20 pm »
I find it funny that the man negotiating our "trade deals" still believes in mercantilism.
I borderline couldn't believe it when he started talking about how our different trade deficits (with China specifically, if memory serves) were an issue. You literally learn about comparative advantages and why trade deficits don't really matter in Econ 101...

From the way Trump talks about trade, you'd think he was sailing around the East Indies searching for cardamom, gold, and fine silk. He says stuff like "I'll get us a better deal on beef" as if the government is trading beef to Canada. All he gets to do is join agreements and sign tariffs, and I don't think he understands that even to this day.
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