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That’s not necessarily true. It could just mean that our exports are uncompetitive because of a dollar that trades too high, making foreign products cheap and
by projektfu 7y ago
That’s not necessarily true. It could just mean that our exports are uncompetitive because of a dollar that trades too high, making foreign products cheap and domestic products expensive. After 30 years of a strong dollar with liberal trade agreements, there are now more structural reasons for the smaller manufacturing sector and the difficulty of ever moving expatriated production back on shore.
- throwlaplace 7y agoperson i responded to claims that >There is a massive amount of demand for low skilled labor that means they're not alluding to manufacturing trade deficits (which you point out has greatly shrunk since nafta etc) but other industries.
- projektfu 7y agoI responded because your reading of the comment appeared uncharitable.