- Reaction score
Actually I wasn't addressing trade options as much as I was addressing a need to become self sufficient in the manufacturing sector. I see achieving that that by initially making it easier for the manufacturing sector to thrive through cheaper energy and unbundling barriers to industry. Current green energy policies and over regulation and taxation of virtually every industry makes that difficult.... We need more trade options than the USA. ...
If we can get back into manufacturing quality goods at reasonable prices so that our own population prefers them to outside goods then we're ahead of the game. If we need to bolster that with some very specific tariffs to protect fledgling industries then so be it. Right now its virtually impossible to find anything in my household that isn't manufactured in China. My car has a "J" on its VIN because we don't manufacture that particular model or one of equal quality in Canada. Yup. I'm part of the problem that a good leadership needs to work at fixing.
If we can win over the country with good domestically produced products then we're half way there and trade will follow naturally. The trouble is that we've lost the ability to be competitive. Displacing China as a trading partner with the US or the EU is a fool's game. They're all equally unreliable and eventually will throw us under the bus. The global economy only works well as long as there is reasonable cooperation amongst nations and cooperation within a game of cut throat economic competition is in short supply.
Normally I'm a fan of free enterprise but things need to change. For much of the last century we had a relatively even trade balance which became a surplus in the 1990s until about 2009 when we fell into a deficit. The trouble is that trade is still a very large component of our GDP and our economy would have a rough time without it even when its in a deficit situation.
Its not an easy problem to solve and lord knows that governments with their ham fisted ways are probably the bluntest tool that we have. That said, things need to change.