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Old March 20th, 2016, 03:19 AM   #1
Representative
 
Joined: Aug 2010
From: Cliffside Park, NJ
Posts: 184

USA’s chronic trade deficits.

USA’s chronic trade deficits.

Annual trade deficits are ALWAYS immediately detrimental to their nations’ economies.
There are only two presidential candidates that do not actually reject and/or effectively avoid giving any credence to the problem of USA’s chronic global annual trade deficits. But nether Mr. Donald Trump or Senator Bernard Sanders offer any explicit proposal to significantly reduce USA’s annual global trade deficits.

I’m a political orphan; there’s no candidate worthy of support.

I’m among the proponents of USA adopting a specific unilateral Import Certificate policy for conducting our global trade of goods. It is a primarily market rather than government driven policy that’s entirely funded by USA purchasers of foreign goods.

Google Wikipedia’s article entitled “Import Certificates”
and/or
The paragraphs entitled “Trade Balances' effects upon their nation’s GDP”
within the article entitled “Balance of trade”.

Respectfully, Supposn
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Old March 20th, 2016, 04:47 AM   #2
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Joined: Oct 2012
From: Louisville, Ky
Posts: 4,345

Quote:
Originally Posted by Supposn View Post
USA’s chronic trade deficits.

Annual trade deficits are ALWAYS immediately detrimental to their nations’ economies.
There are only two presidential candidates that do not actually reject and/or effectively avoid giving any credence to the problem of USA’s chronic global annual trade deficits. But nether Mr. Donald Trump or Senator Bernard Sanders offer any explicit proposal to significantly reduce USA’s annual global trade deficits.

I’m a political orphan; there’s no candidate worthy of support.

I’m among the proponents of USA adopting a specific unilateral Import Certificate policy for conducting our global trade of goods. It is a primarily market rather than government driven policy that’s entirely funded by USA purchasers of foreign goods.

Google Wikipedia’s article entitled “Import Certificates”
and/or
The paragraphs entitled “Trade Balances' effects upon their nation’s GDP”
within the article entitled “Balance of trade”.

Respectfully, Supposn
Unfortunately, Trade has become a very complex activity as globalization spreads worldwide and nations have fallen behind the curve in adaptation. In a perfect world we would revert to a pure system of tariff and taxation, this is simply not going to happen.
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Old March 20th, 2016, 10:28 AM   #3
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Joined: Aug 2010
From: Cliffside Park, NJ
Posts: 184

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Originally Posted by tecoyah View Post
Unfortunately, Trade has become a very complex activity as globalization spreads worldwide and nations have fallen behind the curve in adaptation. In a perfect world we would revert to a pure system of tariff and taxation, this is simply not going to happen.
Tecoyah, a tariff policy cannot assure significant (if not entire) reduction of their nation’s annual trade deficits unless the tariff rates drastically increase import prices; an Import Certificate policy can assure that even if the price increase of imports are only pennies.
Unlike tariffs, Import Certificates, (ICs) serve as an indirect but effective subsidy of their issuing nation’s exports.
Within the transferable IC policy, government has comparatively little effect upon the prices of globally traded products; an IC policy is substantially a market driven trade policy.

Both tariff and IC laws and regulations can and should be drafted as to be net funded by the nations’ purchasers of products imported into the trade policy’s adopting nation.

Please google and consider the Wikipedia article entitled “Import Certificates”.

Respectfully, Supposn
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