dimpy.handa
Dimpy Handa
I was watching Real Time with Bill Maher and he and his panel were discussing the deficit. One guest, Adam McKay, said that our low trade tariffs were the main problem: ours are 2%, while China's are 22% and another country's -- I can't remember which -- were 40%.
Because I've never been exposed to this subject, and only have the barest knowledge of economics, I thought I'd make a thread on it.
Should we raise our trade tariffs? It seems obvious to me that doing so would bring in a lot more revenue, while increasing the cost of imported goods, which might in turn give an advantage to American companies.
If there's no good reason to not raise them, why haven't we done so? What political pressures are at work here?
Also, if it's not too wide a subject, I'd like to know what advantage there is to handling our deficit in the first place. Many countries have more debt vs. GDP than the US, and they don't seem to be in massive trouble.
Because I've never been exposed to this subject, and only have the barest knowledge of economics, I thought I'd make a thread on it.
Should we raise our trade tariffs? It seems obvious to me that doing so would bring in a lot more revenue, while increasing the cost of imported goods, which might in turn give an advantage to American companies.
If there's no good reason to not raise them, why haven't we done so? What political pressures are at work here?
Also, if it's not too wide a subject, I'd like to know what advantage there is to handling our deficit in the first place. Many countries have more debt vs. GDP than the US, and they don't seem to be in massive trouble.