Opinion | Trade Truths Will Outlast Trump

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From WSJopinion: President Trump sought to reduce the trade deficit, increase manufacturing employment, change China’s policies, and reach better deals, but fell short on all counts, writes Douglas A. Irwin

Wonder Land: At the risk of arousing the dark side, 2020’s election results are reason for conservative optimism. Images: Congressional Quarterly via ZUMA Press/Getty Images Composite: Mark KellyTrade was central to Donald Trump’s 2016 campaign. He saw trade as a win-lose, zero-sum proposition, blaming trade deficits for deindustrializing the American heartland, calling the North American Free Trade Agreement “a disaster,” and condemning China for unfair trade practices.

President Trump called himself a “tariff man” and imposed 25% levies on imported steel and aluminum while launching a trade war against China. He pulled out of the...

 

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opinion But Trump did succeed in not paying any taxes the last 10 years while collecting over $73 million in tax refunds. 6 business bankruptcies has to be a records also. Most of the people I know have had none.

opinion Like the art work

opinion Trump sought to enrich himself and his friends. Did he succeed at that?

opinion This was the most obvious outcome. You can't try to bully countries stronger than you.

opinion That’s because he is a terrible businessman and leader. And despite what his dreams are he can’t let go of his ego and own self interests enough to learn how to work with others.

opinion D_A_Irwin president Trump does not see trade as a zero sum game as you suggest. realDonaldTrump has worked to create free trade deals with China. China is emboldened in their unfair trade practices because of commentary like this.

opinion What the fuck is this? He made a heroic attempt on all counts and not one of the globalists before him made any attempt to improve the standing of the American worker. Sick of paying for this mindless drivel from the

opinion Maybe it was the time he had to make these big changes that fell short.

opinion He was obstructed by his own country at every single turn.

opinion do any of you arrogant criticizing folks know what to do about china?

opinion Ross Perot warned us. Trump tried to stop it. Now we will expire in it.

opinion By the way, TPP? China already launched RCEP. China certainly also wanted to join in TPP to avoid decoupling. The question is, will China honor its commitment in those trade deals?

opinion EricTrump Although I am not a huge fan of Trump, his tax policies increased revenues pre-covid, but spending went up bec of congress. So can't blame deficits on DT

opinion But look on the brown side, he did manage to cage 666 kids then subsequently lose their parents.

opinion The author tried to show the trade war is a failure but he failed to present a better strategy either. Tariff/decoupling is not the best strategy, but it works. Please tell me any other proven strategies. 2018 US to China trade deficit was 420bn, 2019 it plunged to 350bn.

opinion This is called incompetence and ill will.👎

opinion worst jobs president in history

opinion Chinese government provides stability and prosperity to its people, you call it dictatorship. The USA government gives Americans unemployment and infections, you call it democracy.

opinion Oh so like pretty much what everyone said would happen? Color me shocked.

opinion Think about it. THE TRUMP VIRUS, all the states that are exploding in Cases are the ones where Donald Trump Carelessly held super spreader campaign Rally events. Now the citizens in those states are dieing. The republican governors are ignoring the crisis. Over 250,000 dead. WTFU

opinion You can argue the US trade war with China fell short, but it brought global, daily attention on Beijing and it's MFA. IMO, that spat laid the groundwork for this year's disputes with Australia, India, Japan, everyone else, etc.

opinion Now US manufacturing capacity is 25% of China. There will be no more trade war in the future, thanks to Trump for eliminating the USA industry and technology.

opinion Because 🇺🇸≠🌐.

opinion How come unemployment rates were at historic lows before the pandemic?

opinion Not the best deal maker in history...

opinion Yup...he was gonna do it all...feeling swindled?

opinion He said he was going to do so, but it seemed to me he was probably backroom dealing. I have not trusted the GOP for some time. Money matters more than people's lives to them. =

opinion gotta start somewhere

opinion Fell short. Short? Try failed. Miserably.

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