The idea is to reverse the trade imbalance, inspire a renaissance in American industrial production,
Sometimes trade deficits are unavoidable, reverse it.. geez. That will not happen in the next 50 years at least. If Trump does what he talks about, he will weaken Mexico even more, so how should they be able to get on your level, so you can have balanced trade with them? This is madness. Unless you weaken yourself.., which is probably what will happen, lol.
What you should try to do is strengthen them perhaps, so there is less incentive for all the negative things you encounter.
Punitive tariffs is something that gets used here and there, but it is directly done for specific products, not just put on a whole country. For example we do it a lot to China, and they to us and threaten shit here and there.. annoying shit, but necessary to a point (for certain products). WTO is not happy about it either.
You call it a bullying tactic. I call it firm negotiations from a seasoned business man. We'll have to wait to see how things play out. But I'm also 100% okay with Trump closing a loophole that illegal immigrants exploit to send untaxed money home. Surely a process will remain for legal residents to send money, but if they want to do it, they're going to have to do it legally.
If you don't give me your lunch money, I will beat you up and take it anyway!
Also unrelated issues but a cool negotiation, right?
If he wants to do the tariffs, it is either random if you just do it to Mexico (again bullying
), or if you do it across the board, I'm pretty sure it will hurt you guys more in the long run. I understand the thought, but in our globalized economy.. most of these jobs will never come back to the US unless the other countries get on their level in work costs,
or the US comes down in level. Couple that with the fact that he actually wants to send millions of low-wage workers away, how do you see this going? A lot of Americans working for shit all to do hard work? Newsflash: no company is going to pay you big money for these kind of jobs, it doesn't make sense for them. And it will be easy to circumvent as well, and probably hinder investment.
Unless of course, you go full socialist and regulate all the market very strongly... which I don't see him doing.
And if he actually should succeed in building up your industry again by punishing everything that is made off-shore, then good luck seeing Apple die. Nobody is going to pay for an American-made (or more expensive product by punishment) Iphone/Ipad whatever. Samsung will wipe Apple off the market. Just an example, but a big one.
Your exports will die, and you will have even bigger trade deficits. Then what, more punitive tariffs?
What you should concentrate on is new technology and research, get your good minds working, do space stuff. Getting those old jobs back is a romantic idea, hardly realistic. What you have going for you is innovative stuff like Elon Musk does, silicon valley, clean energy and whatnot. That is your future.
Instead Trump wants the old days back? To match China in industry? The smog will be nice. This will not be good for you or the world.. Just look at those tweets:
View: https://twitter.com/realDonaldTrump/status/408977616926830592
View: https://twitter.com/realDonaldTrump/status/265895292191248385
View: https://twitter.com/realDonaldTrump/status/427556692109574146
View: https://twitter.com/realDonaldTrump/status/418542137899491328
This delusional grandpa will fuck our planet, thank you.
As for the banking laws, sure, if you wanna try that, do it. But why use it to threaten? Plus, I'm sure they will find a way to funnel that money anyway.