No. of Recommendations: 21
"As one wag put it, we're doing a reverse Godfather - we're making them an offer they can't accept. Because as great as having access to the U.S. market is, it's only worth so much."
Also, what Trump and the MAGA faithful fail to understand is that the U.S. was getting something in return when the U.S. traded with other countries.
They forgot that part of the equation.
There is so much that Trump and his cult do not understand about basic trade economics. They were only looking at goods, not services, not research, not tourism, and not education. They were failing to recognize we got something when we imported goods from other countries in exchange for money. They cannot fathom that having a trade deficit with another country isn't necessarily a bad thing.
They fail to realize that the world trade system was set up to favor the U.S. Other countries were not taking advantage of the U.S., we were benefitting from their participation.
But MAGAssholes are all about grievance politics, they have to play the victim whenever they can, so they are quick and gullible enough to think other countries are taking advantage of the U.S. because their idiot cult leader mentions a goods deficit that he doesn't understand.
Don't get me wrong, the U.S. is facing plenty of trade problems. U.S. corporations were too quick to give away their IP in order to save a few dollars manufacturing overseas. The U.S. has lost control of quite a few key industries (rare earths, chip manufacturing, etc.). U.S. corporations take advantage of cheap international trade to evade U.S. taxes. All of those are issues, but blunt tariffs, the way Trump has implemented them are not going to solve any of them and will make a couple of them worse.
MAGAssholes don't realize what it took to get the U.S. to be the leader of the world, the most prosperous nation in the world. Now they are turning the U.S. into "just another country" or even worse.
