Friday, August 30, 2019

THIS IS NOT HOW TRADE POLICIES ARE SUPPOSED TO WORK

This is not how trade wars are supposed to work. Our country is not supposed to bribe (or pay off) those at home who are adversely affected by stupid trade policies with "subsidies" that we ultimately pay for with our taxes.  
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Just to be clear, trade is not about a country "winning" or coming out on top during every commercial exchange. This is numerically impossible. Not every country can "win" or come out on top numerically.  

As with kids, some need special attention, while others don't require hand-holding or much guidance after a certain stage. The goal is not stringent "fair" trade codes - where tariffs and other barriers are always applied equally across the board (though this would be nice in a perfect world) - but "fairer" trade, where a balance is struck by informed leadership that understands how tariffs and barriers must be movable frameworks, rather than inflexible walls.

Put another way, in the name of "winning" you don't pursue commercial policies like this ... 

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- Mark

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