Trump thinks a trade deficit means the US lost. This is false. Americans agreeing to buy goods from another country is a win for both sides.<\/p>\n\n\n\n
Trade enlarges the pie, creating more total goods than we’d have without it. Consumers count too, and they benefit by buying foreign products, so do companies using foreign inputs to create goods and services in America.<\/p>\n\n\n\n
The US needs to maintain its ability to produce military necessities, but the administration’s approach is to treat deficits generally as a lost. They broadly attack bilateral deficits without a sensible strategy–this hurts most people.<\/p>\n\n\n\n
Lower prices aren’t necessarily “cheap”. They mean more. You can buy more; American businesses can produce more.<\/p>\n\n\n\n
A lot of manufacturing jobs aren’t even good jobs anymore.<\/p>\n\n\n\n