And, as I wrote, the US can make every bloody thing we import.
I doubt that!
And another question pops up, what about the "Land of the free"? Do you really want to tell your fellow compatriots to go without the very cheap and the very expensive high quality stuff they so like?
How should that go? Can you really envision a president forcing his people to buy only self made stuff? Like in...say....North Korea or the former GDR? I can tell you that is not a vote winner! People hate that!
When a country has a trade deficit, it sells it its independence and long term sustainability.
Yeah, it shouldn't become to big...
I remember a president Clinton presiding over a trade surplus. So, it's possible! :)
PS: The US has a goods trade deficit with the EU of $146.8 billion in 2016, but a surplus in services of $54.8 billion!
Did I get it right?
The new tariffs coming up are definitely a backlash to Trumps tariffs!
If Trump would had not binned the new free trade agreement we wouldn't talk about tariffs anylonger...
Chancellor Angela Merkel, vowing to stay in office despite ,"vowing to stay in office"
The next election is in three years....we just needed a full year to build a working government after the last one!
Washington could no longer be relied on to deliver world order.