“Other countries understand that we have been running for 50 years; they saved us from the beginning.”
If you have heard in advance, stop me, although there is. The proposal from Donald Trump from President Donald is only a few hours, but in global trade is part of the landscape in America’s place in the center of the book.
💵💰Don’t miss the action: Subscribe to TheStreet’s Free Daily Bulletin 💰💵
The President saculatively and naively opened its markets with sacrificing, sacrifice and naively, and in turn, and subsidized American manufacturers with cheap labor benefits and subsidy with tax benefits.
On the flip side, American companies prevent competition in the playing field in international markets, trade, trade barriers, hidden taxes and wood embracing ecologists.
With the news of the NBC, the weekend shrank the “gliding” schedule for 40 years, but the subject was stable for the most part of the last month: April 2 “Azadlig Day” and America will manage the global trade world.
There is only one problem.
It’s already doing it.
The US economy has long been coming from the services that do not produce the true water of the “Consumer + Investment + Investment + Investment + Public Spend”.
And since the global pandemic, he enjoyed unparalleled success and took its international competitors, China and dust in the wall.
Service economy, stupid …
A trading specialist and Harvard Professor Ricardo Hausmann, who once received the International Development Center of the University, is reported to $ 1.2 billion in the trade in the goods, and there is a $ 278 billion surplus in the services.
Services, of course, create a wider profit margin of goods; Think of Apple (Aapl( 46% total margin in Tech, 30.7% for the skirts (Chromium( (The largest US exporter) 12.5% ​​for oil and market general engines (Gm( The largest car in the United States.
Related: Goldman Sachs Analysts S & P 500, GDP targets for bite Trump tariffs
Thus, although the United States has a trade deficit in goods, it still gains more – more, in fact – selling services. US companies have earned $ 632 billion in foreign profits last year, and the $ 347 billion in the United States is 82% more than a foreign company
In the last part of the project, Hausmann, the United States is using shares of shares, “Abroad’s cost of investments abroad can be estimated at $ 16.4 trillion.” “
They make more money with people: European companies, about 4.7 million people in the United States, about 4.7 million people, and American companies were directly responsible for about 5 million jobs in the EU, England and Switzerland.
Technological giants in the forefront
Of course, the S & P 500 in the last month in the last month, because in the last month, because in the last month, because in the last month, because the investors expect the details of the country’s largest trading partners and expect the inevitable flaws of the country.
China, environmental adjustment, as well as indirect support for Apple’s rivals in the world’s largest smartphone market, as well as new restrictions on Chinese NVIDIA, as well as defining their own attacking line.
Related: Tariff Uncertainty US Stock Exchange Changes A record of Outlook
The region is reported that the strong competition commission can accelerate the Microsoft, Europe has developed a similar strategy (Msft( Google Parent Alphabet (Googl( and Facebook parents meta platforms (Meta( .
The production work will return (or longer) as a bad bet to produce immediate America’s best interests in the next few years.
Trade wars have risked everyone
Many market observers look even worse, the sport of everything from cars and the French wine, the French wine will break down inflation, slowing down the internal economy for global supply chains. (Familiar sound?)
America does not need this trade war. Cheap goods already receive a reliable foreign investment, government debt costs and mass prizes in terms of increasing corporate profits.
More economic analysis:
- The price of gold has hit the speed of speed; Where does it go from here?
- Fed President Jerome Powell’s notes
- Retailer Fed Rate adds a new complication to the cut forecast
Is there an unfair experience? Be sure. India needs protectionary mass overhaul, China’s intellectual theft of Chinese intellectual property has been penalized for a long time, and global technological police have become a unique role and quite clear.
However, these are not all issues in the best-soluble groups (hated type), but as they offer “the chances of making” do not have a unilateral sanctions (their favorite “deals”).
America won this trade war for a long time ago. Revising the battlefield No one will be rich.
Related: Dollar Crushing will not solve American debt problem. Will make it worse
