“The best way to stop this hemorrhaging of America’s lifeblood is a simple but powerful tariff on most foreign products, like the kind that was the primary source of government revenue through most of American history, and which built this country into the manufacturing powerhouse of the world,” Trump said.
However, the editorial board had also dismissed this argument, suggesting that the trade deficit “isn’t a useful measure of economic performance” and noting that the trade deficit increased under the former president even when adjusting for inflation.
The dark secret is that the key to an affordable American lifestyle is Chinese and southeast Asian slave labour producing cheap goods that can be produced in large amounts. America has the resources to be neaerly self-sufficient but a shirt produced in America would cost much more than one from China.
ReplyDeleteOn the other hand, dependency on foreign manufacturers is a dangerous thing when the biggest country controlling them is a fascist threat.
There are other tactics that China uses to blackmail the west.
DeleteRare earth metals for example, are vital raw materials for many hi tech products. China dominates supply, and regularly threatens to restrict exports, pushing up prices. So the West needs to become independent in supply of these metals.
And this is another reason for the US to be mad at Canada. We have a decent supply of the stuff and if we aggressively developed our mining industry, we'd end China's monopoly. But there's no development in Canada. We're too worried about Native rights and the environment and gender equity to actually care about containing China.
DeleteHas Trudeau said he will arrest netanyahu?
DeleteYes.
DeleteThe sick joke line going around Canada has to do with demographics. The foreign minister, Foreign Affairs Barbie (not her real name but just look at her), was caught on audio being asked why the government doesn't show more support for Israel and said the reason was "Have you seen the demographics in my riding?" It turns out in the last election she won the riding by about the same number of votes as the number of Muslims in her riding. That's what's driving Canada's foreign policy.
Our idiot prime minister wasted no time, certainly no time needed to actually read the warrants or check on the veracity of the claims, and immediately announced that Canada supports the ICC and would therefore honour the warrants if Bibi or Gallant set foot in Canada.