The United States has benefited mightily from trade. There are two areas in particular where trade has had a significant positive impact on Americans.
First is that our standard of living has increased by the availability of low priced imported goods. Any tariffs will come straight out of the pockets of the middle and lower classes who shop at Walmart.
Second, our farmers, many if not most of whom voted for Trump, are net beneficiaries of trade. As much as 20% of all farm production, or $130 billion, are exports. Under NAFTA, we export significant farm products to Canada and Mexico. TPP would have cemented large amounts of farm export trade for Japan and Southeast Asia. Now Australia will gladly step in to provide beef and wheat to the Pacific rim.
The answer is not trade barriers but lower corporate taxes and reduced regulation.
(02-10-2017 08:46 AM)LeFlâneur Wrote: [ -> ]The United States has benefited mightily from trade. There are two areas in particular where trade has had a significant positive impact on Americans.
First is that our standard of living has increased by the availability of low priced imported goods. Any tariffs will come straight out of the pockets of the middle and lower classes who shop at Walmart.
Second, our farmers, many if not most of whom voted for Trump, are net beneficiaries of trade. As much as 20% of all farm production, or $130 billion, are exports. Under NAFTA, we export significant farm products to Canada and Mexico. TPP would have cemented large amounts of farm export trade for Japan and Southeast Asia. Now Australia will gladly step in to provide beef and wheat to the Pacific rim.
The answer is not trade barriers but lower corporate taxes and reduced regulation.
So, you support President Trump's stands on these issues?
(02-10-2017 08:46 AM)LeFlâneur Wrote: [ -> ]The United States has benefited mightily from trade. There are two areas in particular where trade has had a significant positive impact on Americans.
First is that our standard of living has increased by the availability of low priced imported goods. Any tariffs will come straight out of the pockets of the middle and lower classes who shop at Walmart.
Second, our farmers, many if not most of whom voted for Trump, are net beneficiaries of trade. As much as 20% of all farm production, or $130 billion, are exports. Under NAFTA, we export significant farm products to Canada and Mexico. TPP would have cemented large amounts of farm export trade for Japan and Southeast Asia. Now Australia will gladly step in to provide beef and wheat to the Pacific rim.
The answer is not trade barriers but lower corporate taxes and reduced regulation.
Trade barriers are not the answer. Fair trade deals AND lower corporate tax rates / reduced regulations, are the answer.
As a third generation farmer (part-time now) I can tell you that US exports depends largely on weather patterns and crop volume/quality in the Western Hemisphere. Canada and Mexico have few options other than the US for cost effective agricultural imports, Brazil being the largest US competitor with regards to grains.
(02-10-2017 08:57 AM)TechRocks Wrote: [ -> ] (02-10-2017 08:46 AM)LeFlâneur Wrote: [ -> ]The United States has benefited mightily from trade. There are two areas in particular where trade has had a significant positive impact on Americans.
First is that our standard of living has increased by the availability of low priced imported goods. Any tariffs will come straight out of the pockets of the middle and lower classes who shop at Walmart.
Second, our farmers, many if not most of whom voted for Trump, are net beneficiaries of trade. As much as 20% of all farm production, or $130 billion, are exports. Under NAFTA, we export significant farm products to Canada and Mexico. TPP would have cemented large amounts of farm export trade for Japan and Southeast Asia. Now Australia will gladly step in to provide beef and wheat to the Pacific rim.
The answer is not trade barriers but lower corporate taxes and reduced regulation.
So, you support President Trump's stands on these issues?
But Trumps stand is lower corporate taxes, reduced regulation AND trade barriers.
2 out of 3 might seem good. Till you consider the one he's wrong on throws a big wrench into the workings of the other 2.
(02-10-2017 09:22 AM)Paul M Wrote: [ -> ] (02-10-2017 08:57 AM)TechRocks Wrote: [ -> ] (02-10-2017 08:46 AM)LeFlâneur Wrote: [ -> ]The United States has benefited mightily from trade. There are two areas in particular where trade has had a significant positive impact on Americans.
First is that our standard of living has increased by the availability of low priced imported goods. Any tariffs will come straight out of the pockets of the middle and lower classes who shop at Walmart.
Second, our farmers, many if not most of whom voted for Trump, are net beneficiaries of trade. As much as 20% of all farm production, or $130 billion, are exports. Under NAFTA, we export significant farm products to Canada and Mexico. TPP would have cemented large amounts of farm export trade for Japan and Southeast Asia. Now Australia will gladly step in to provide beef and wheat to the Pacific rim.
The answer is not trade barriers but lower corporate taxes and reduced regulation.
So, you support President Trump's stands on these issues?
But Trumps stand is lower corporate taxes, reduced regulation AND trade barriers.
2 out of 3 might seem good. Till you consider the one he's wrong on throws a big wrench into the workings of the other 2.
Is it your opinion that Trump would be in favor of every single trade barrier proposed? That's not how I view his actions to date on the issue.