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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If tariffs are unfair, why is it ok for other countries to put them on USA made goods?[/quote] Think of it this way....you buy stuff from Safeway, but Safeway doesn't buy anything from you. That is a trade deficit. But you still get what you need from Safeway for a price that is acceptable to you. Why is this a problem?[/quote] You need a personal trade surplus in order to buy from Safeway. I trade my labor (my “trade” product) for dollars from my employer. I use those dollars to buy from Safeway. If I have a trade deficient, meaning I don’t trade my work for dollars, I just go further and further in to credit card debt.[/quote]
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