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

[Supposn]

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

Refer to https://www.upi.com/Top_News/World-...-of-US-goods-after-Trump-order/1951521725671/

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

 

[evince]

trumpy is doing what Putin paid him to do

cause chaos in the USA

 

[cawacko]

Annual trade deficits are bad for the economy? Did you and Trump take the same economics class?

 

[Supposn]

Annual trade deficits are bad for the economy? Did you and Trump take the same economics class?

Cawacko, balance of trade is an explicit component of the expenditure formula for calculating GDP. Trade surpluses directly increase, and trade deficits directly decrease the calculated GDP. Within all other conventional GDP formulas where trade balances are not explicitly referred to, they are indirectly reflected and have the same effect upon the nation's GDP.
This is true for economist and statistician communities throughout the world.

Refer to Encyclopedia Britannica's GDP article.

Annual trade deficits are always net detrimental to their nation's gross domestic product; anything detrimental to a nation's annual GDP also drags upon its numbers of jobs. Thus USA's chronic annual trade deficits of goods (that has consistently occurred in excess of a half century), has more than otherwise been net detrimental to our nation's annual economies. This has been true during years of better and of lesser USA economic performances.

You shouldn't be shocked if President Trump is somewhat correct about anything. Even an inoperable clock is correct twice each day.

Respectfully, Supposn