Quote:
Originally Posted by Paul Markham
The solution is demand countries with a huge inbalance between exports and imports level the two or face huge tariffs to pay the costs of deindustrialization in the West. For instance;
If goods made in a lower wage economy can land in the West cheaper than they can be produced in the West the tariff removes that advantage so the goods cost the same at the wholesale level.
Otherwise more manufacturing jobs will disappear and the jobs market will be reduced to what the 3rd world can't produce. And that's not much.
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paul brain: "we buy too much of your stuff so its time to punish you"
paul brain: "higher prices and less sales is the solution"
paul brain: "once we impose tariffs on others and our exports become more expensive and people impose tariffs back, it will rain money"
paul brain....always amusing...