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His style of talking is to use simple terms even to the extent of sounding stupid to let the messages go across clearly. Trade deficits being neutral or slight
by ww520 8y ago
His style of talking is to use simple terms even to the extent of sounding stupid to let the messages go across clearly. Trade deficits being neutral or slight bad is a niche view by a some economists. Most people view trade deficits as bad, rightly or wrongly. The word deficit, loss, and inbalance all have bad connotation. And the loss is huge, adding to a dramatic effect. He's trying to justify his action to his voters. Why won't he use trade deficit reduction as a goal?
Also balanced trade would be better than trade deficit, so it's a worth goal to achieve.
- ajmurmann 8y agoIf the market was fair, then it's the US's fault to not make more attractive products and buy tons of stuff from China. It wouldn't be China's fault that they are successful and we are not. It would be like Obama bitching about Germany that I mentioned above. But that's not what's going on here. China is playing unfairly.
- ww520 8y agoThe market in regarding to China is not fair, so all is moot. Germany isn't play so fair as well [1]. [1] https://www.export.gov/article?id=Germany-Trade-Barriers https://www.export.gov/article?id=Germany-Trade-Barriers
- ajmurmann 8y agoIf the trade with China is discriminatory, he should call that out and not whine about a trade deficit, which can have many reasons (like US products might be bad or US consumers consume too much) The link you provide only mentions high testing standards and even specifically calls out that they don't get applied in a discriminatory way. Can you elaborate more?