Trump Is Right on Trade

To understand why Detroit looks as it does, while the desolate Shanghai Richard Nixon visited in ’72 is the great and gleaming metropolis of 2016, look to our trade deficits.

They also help explain America’s 2 percent growth, her deindustrialization, her shrinking share of the world economy, and the stagnation of U.S. wages as manufacturing jobs are replaced by service jobs.

Those trade deficits also explain the rise of Bernie Sanders and Donald Trump.

  • China became rich because we in the West all (all of us consumers) doted on the cheap manufactured goods they offered from computers to toys. They had cheap labor, and were bright enough to receive training at every level, and thus they prospered. I was in China in 1982, when this process was just starting under Deng Xiao Ping. I would not recognize China today. But they earned it. If we had made other choices the results would have been different. It is up to us to make new choices to prosper in the future. One new choice being made, that of mass immigration of Muslim and other cheap labor is certainly not the right way. These people are not productive, they are welfare addicts wherever they go. It is again a very wrong move. I hope Trump the businessman realizes all this and acts wisely.

    • He seems to get it.

    • Blacksmith

      What really gripes my ass is there are NO options sometimes to ‘buy American’. I went the other day to buy a mid range table saw. There is not one made in North America that can be had for under 1000.00. With the lack of raises over the last decade I can’t afford to replace equipment with American made. I was ready to spend up to 600.00 and thought it could be done but it couldn’t.

    • Millie_Woods

      I don’t think Muslims are being imported for cheap labor. Maybe it’s because peace and harmony follows them everywhere.

      • That’s the excuse given, anyway.

    • Minicapt

      Hmmm, that would Trump the businessman who imported his Trump-branded goods from China?
      On the other hand, my two year old iMac 27″ was assembled in the US of A.


      • There are exceptions. And sure, Trump as a businessman may have been involved.

      • Minicapt – you say assembled. But where were the parts assembled manufactured, do you know?

        • Minicapt

          Off the top of my head, China, Taiwan, South Korea, Thailand, Malaysia, USA, Ireland, possibly Germany, Finland, Mexico, Canada, Brazil …
          Keep in mind that the “Made in China” cellphone has its components sourced from around the world.


          • Proves my point.

          • Minicapt

            Foxconn follows suit.


        • Minicapt

          Er … and especially Israel.


          • Israel for design and programming, I think.

  • BillyHW

    Can we please stop importing workers/students, skilled and unskilled, driving down wages in all industries?

  • Brett_McS

    Hard-working and hard-saving Chinese are supplying the West with vastly under-priced stuff because the Chinese Communist Party are keeping the value of the Yuan artificially low, and therefore under-paying their workers and savers in favour of the oligarchs and fat cats in China (and foreign consumers). It is almost literally Animal Farm.

    • Yes, the Chinese people have suffered much. Many have been cruelly sacrificed. Nevertheless, many are better off than ever. Remember, the Communist party was before 1980 or so very much against joining the world economy, which made China almost bankrupt. Deng Xio Ping’s economic revolution was a massive change of direction.

  • Ron MacDonald

    I predict that many of Bernie Saunders’ supporters will move to Trump because of his promise to bring jobs back to America.

  • Millie_Woods

    Detroit is the wrong city to use for an example.