Free trade does not exist. You do not need 400 pages in a trade agreement to lower trade barriers. Trade is managed. The U.S. is losing. We buy $2 billion each day more than we sell overseas. Even Warren Buffett thinks this ridiculous. Free traders are working hard to prevent the U.S. from changing course.
I have not seen anyone on this site discuss the core reasons for our trade deficit with China and other countries. Currency manipulation and Chinese tax subsidies are the main causes. They have nothing to do with free trade. The cheap Chinese goods are a reality, but they are manufactured by government edict.
This is my first post. And it is long. I apologize. Sort of. If this diary gets some attention, I'll post more. More below the fold.
Read More