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That's his populist position that gets him the cheering crowds, but his trade position is based on his complete misunderstanding of how international trade work
by rswail 8y ago
That's his populist position that gets him the cheering crowds, but his trade position is based on his complete misunderstanding of how international trade works, how tariffs are a tax on US consumption, and his misconception that trade is a zero sum game, that for every "winner" there is a "loser".
Ford isn't going to import the Focus from China, because of Trump's misguided policies. They will sell the production elsewhere. The US is deprived of an efficient small car, but it hasn't gained any employment, production or anything else.
Harley Davison will move production of motorcycles to be sold in the EU to the EU and elsewhere. This deprives the US of manufacturing and the associated jobs. It doesn't deprive the EU of Harley Davisons.