The Political Fray - Political Forum
Go Back   Political Fray > The Political Fray > Economics

Economics For discussion about economics, financial markets, investing, stock markets, finance, and economic theory

LinkBack Thread Tools Display Modes
Old March 24th, 2018, 12:40 PM   #1
Joined: Aug 2010
From: Cliffside Park, NJ
Posts: 206

China plans tariffs on 3B worth of US goods after Trump order.

China plans tariffs on 3B worth of US goods after Trump order.

Refer to

I'm among the proponents of USA adopting the trade policy described within Wikipedia's “Import Certificates” article. It would if not entirely eliminate, significantly reduce USA's chronic annual trade deficits of goods.
Our current and no other existing or proposed national trade policy could accomplish this as well for the USA, and with lesser increases of prices to USA purchasers of imported goods, and with no net costs to U.S. federal budgets. Regardless of other nation's responses, this policy would increase USA's GDP and numbers of jobs more than otherwise.

Annual trade deficits are always net detrimental to their nations' GDP and drag upon their numbers of jobs.

Unlike tariffs, a USA Import Certificate policy could not be used to enable our federal government to discourage a particular foreign nations' or any enterprises' types of goods from being imported into the USA. The policy cannot effectively prevent any goods for which there's an effective USA demand, from being imported into the USA. Within Import Certificate laws, all foreign nations and all types of globally traded goods are treated equally.

Nations' are effectively driven to respond against insulting tariffs with less or no regard even for consequences to their own economy.
Refer to Wikipedia's “Import Certificates” article.

Respectfully Supposn
Supposn is offline  
Old March 25th, 2018, 02:29 PM   #2
Ralph47's Avatar
Joined: Nov 2017
From: Behind the 8 ball
Posts: 2,223

That's neat!
Ralph47 is offline  

  Political Fray > The Political Fray > Economics

china , gdp , global trade , goods , imports , jobs , order , plans , tariffs , trump , wages , worth

Thread Tools
Display Modes

Similar Threads
Thread Thread Starter Forum Replies Last Post
Some N.Korean businesses defy China shutdown order reedak Current Events 1 January 11th, 2018 05:56 PM
USA goods could be more price competitive Supposn Economics 8 February 24th, 2017 12:06 AM
Is Melania Trump a Mail Order Bride? lawrencemcdonald1 Government and Politics 2 July 22nd, 2016 05:26 PM

Facebook Twitter RSS Feed

Copyright © 2009-2013 Political Fray. All rights reserved.