Christopher Blackwell
We have more to lose than China does
Fri Dec 7, 2018 1:51pm

Ken, that is why we have a trade deficit. We buy far more from China than China buys from us. So far during this alleged trade war we have now reached and ten year high in the deficit. If were were to build factories in the United States it would still take decades to be able to produce all that we need. The new factories would mostly robotized so they would not create the number of jobs that people hope to get back. With the tariff war, or the rebuilding of factories, both will lead to higher prices that hurt the poor and working class more than anyone else.

Now in the long run, I would like to see us provide most of our own manufacturing. It is a matter of national security, as any foreign trade can be cut off at any time. Also we can make a lot more money selling manufactured goods than selling food and raw materials.

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Religion and Ethics BBS