Quote:
Originally Posted by Nobama
Please enlighten me on how having billions in trade deficits with Mexico, China, UAE and etc benefit the economy in the USA?
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You don't know how free trade benefits the economy? I don't have time to give you an economics lesson but let's just say that the alternative is stagflation due to the inflationary effect of tariffs on products and the job losses that will result from retaliatory action on the part of other nations.
The solution to a trade imbalance is to up your exports (which helps everyone world wide) nor regressionist protectionism *which hurts everyone).