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![]() Keeping it short and simple:
Trump likes to talk about how we get ripped off by other countries via trade deficits. And he is right that we have trade deficits -- meaning that we buy more tangible goods from other countries than we sell them. He is ignoring what anyone who knows anything about trade policy knows (as in, not very many people). That is, that we make money off these trade relationships outside the realm of tangible goods. In other words, rich businessmen from their country invest in our economy (which is some cases is a lot more stable), and rich business men from our country make money in the other country. The current account is positive -- meaning our country gets more money from these relationships than it loses as things stand. Now there is a problem with jobs being shipped overseas. This makes it so wealthy people have more opportunity and poor people have less (generally speaking). But wealth redistribution doesn't seem to be on the agenda for Trump. I honestly am not sure if he is going to do a damn thing with trade, other than some token policy for PR. Hilary is unlikely to do much with trade. Sanders is a coin toss. | ||
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