Re: Trade deficits are always detrimental to their nations’ GDPs.
GenSeneca,
it is our global trade deficit rather than global trade that’s detrimental to our nation’s economy (based upon our nation’s GDP). That’s a fact rather than an opinion.
To a great extent our trade deficit is due to foreign nations’ inability and/or unwillingness to promote greater compensation to their laborers and/or manipulation of their currencies’ exchange rates and/or other policies which in my opinion should continue to be exclusively within each nation’s own jurisdiction.
Our trade deficit is also increased due to foreign policies less favorable than those of other foreign nations attempting to sell products within their domestic markets, and our unwillingness to follow foreign examples of national sales taxes. Taxes due to both their domestic and imported products contribute sales tax revenues to their governments and they increase their exports by waiving their sales taxes upon them. Imported products contribute nothing to our federal revenue while U.S. exported products fully contribute to foreign nations' sales tax revenues.
Additionally we depreciate our own sovereignty by accepting international trade pacts’ regulations and World Court’s jurisdiction over what should be considered as exclusively our own domestic matters.
[Fortunately our presidents and congresses were unable to muster sufficient political support and our trade agreements are not due to international treaties confirmed by a 2/3 U.S. Senates. It doesn’t require any constitutional amendments to remedy any of this. Some of items could be remedied by the president without any U.S. Senate or the entire U.S. congress’s approval].
This trade proposal does not protect or favor any particular U.S. enterprise or industry but it’s of advantage to any U.S. enterprise that competes or aspires to compete with foreign goods within or beyond U.S. borders. The proposal doesn’t limit U.S. exports but it limits hindrances of U.S. exports. It limits our import goods to the assessed value of our exported goods.
I do find many things within this message as inconvenient but I do confront them. Can you do the same?
Respectfully, Supposn
