| Submit your comments on this article |
| Europe |
| The New EU Trade Deal: No One Likes Tariffs – Which Is Why Trump Imposes Them |
| 2018-07-26 |
| ...It is how Trump is approaching the half-century-old global trade nightmare mess he inherited. The United States on trade ‐ has been the fool of the world. We have been a virtually open channel to any goods and services from any and everywhere (including really awful places like China). While we have let any and everyone everywhere ‐ impose all sorts of tariffs and import-limits on our stuff. Meanwhile, we hardly subsidize anything ‐ while they subsidize the daylight of just about everything. All of which made our products ‐ and our market ‐ dramatically less competitive. Not because our private sector can’t compete ‐ but because their governments were uber-assisting theirs. And in our infinite stupidity ‐ and to our everlasting discredit ‐ we have spent decades doing nothing about it. |
| Posted by:g(r)omgoru |