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Old July 1st, 2016, 09:07 AM   #1
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USA goods could be more price competitive.

I’m a proponent of a unilateral substantially market driven global trade policy as described within the Wikipedia article “Import Certificates”.
If it were adopted by the USA it would almost, (if not entirely) eliminate USA’s chronic trade deficits of goods; it’s would likely increase and never be a cause of decreasing USA’s gross domestic production’s reduction, (GDP).

Referring to Wikipedia's "Import Certificates" article:
The certificates’ global open market prices per U.S. dollar of face values determine the extent of the policies almost direct effect upon prices of foreign goods sold to USA purchasers and the indirect subsidy effect upon prices of USA products sold to foreign purchasers.
USA exporters that request their goods to be assessed must also agree to pay the federal fees that are intended to defray entire federal direct expenses due to the USA unilateral substantially market driven Import Certificate policy. Exporters of USA goods would be motivated to profit from acquiring the valuable transferable certificates that are issued by the U.S. Treasury Department.
The U.S. Congressional Budget Office would annually monitor and advise congress as to the fee rate per assessed dollar value that would be appropriate to defray all direct federal expenditures due to the Import Certificate policy.
//////////////////////////////////////
Certificates expected price behavior in global competitive markets:

The federal fees are passed onto USA purchasers of foreign goods and that’s the reasonably expected minimum rate of the certificates’ global prices.
If USA consumers balk at paying any more for foreign goods, that would limit the maximum rate of certificates’ global prices.
If the certificates’ global price rates should be insufficient, exporters of USA goods would not trouble to deal with them and fewer certificates will be issued.
If issued certificates do not satisfy USA consumers effective demands for foreign goods, the shortfall would increase the global certificate markets' rates prices. But additionally the law could be drafted as to provide for congressional executive agreements to interrupt the enactment of this trade policy because there are no longer any reasonable expectations for chronic annual USA trade deficits. The Import Certificate laws and regulations can still remain “on the books”.

Refer to Wikipedia’s article entitled “Import Certificates”
And
To the paragraphs entitled “Trade Balances' effects upon their nation’s GDP” within Wikipedia's article “Balance of trade”.

Respectfully, Supposn
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Old July 1st, 2016, 09:39 AM   #2
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From the Wiki article:

Quote:
The IC market price (per dollar of face value) is eventually an additional cost to USA purchasers’ of foreign goods.
Ultimately, I don't really see a big difference between this and simple import tariffs.
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Old July 1st, 2016, 01:52 PM   #3
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From the Wiki article:



Ultimately, I don't really see a big difference between this and simple import tariffs.
I tend to agree. It could be done just like tariffs could be used to stimulate the American economy. It would take a entire economic package of not just tariffs but tax reductions on new manufacturing etc. etc. In other words we would have to promote manufacturing again.
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Old July 1st, 2016, 05:30 PM   #4
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I tend to agree. It could be done just like tariffs could be used to stimulate the American economy. It would take a entire economic package of not just tariffs but tax reductions on new manufacturing etc. etc. In other words we would have to promote manufacturing again.
And then every other country on the planet enacts punitive tariffs on American goods and services. Its call a trade war. It destroys economies.
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Old July 1st, 2016, 05:54 PM   #5
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Reanimate wage and price control. Nobody gets a raise and the cost of products remain the same.
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Old July 1st, 2016, 07:25 PM   #6
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Reanimate wage and price control. Nobody gets a raise and the cost of products remain the same.
Have you ever been in a wage/price controlled economy? Every one I know of including the one Trudeau the First tried in Canada ended in disaster.
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Old July 1st, 2016, 09:13 PM   #7
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And then every other country on the planet enacts punitive tariffs on American goods and services. Its call a trade war. It destroys economies.
They do not do that now? LMAO wow. What do you think currency manipulation is? What do you think trading with nations that have child labor and lower tax rates is? Its the same thing with a different name. End result is they produce a cheaper product because...ok ready...wait for it..here it comes..they have a unfair advantage on the playing field. I just want to...snicker..lmao this is great, anyway I just think it would LEVEL THE PLAYING FIELD. Wow, neocon much Bubba?
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Old July 2nd, 2016, 10:29 AM   #8
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They do not do that now? LMAO wow. What do you think currency manipulation is? What do you think trading with nations that have child labor and lower tax rates is? Its the same thing with a different name. End result is they produce a cheaper product because...ok ready...wait for it..here it comes..they have a unfair advantage on the playing field. I just want to...snicker..lmao this is great, anyway I just think it would LEVEL THE PLAYING FIELD. Wow, neocon much Bubba?

BUT BUT BUT BUT BUT .............................. I thought that's what you conservative types called a FREE MARKET ???? I thought YOUR answer to EVERY economic situation was to let the FREE MARKET handle it ???? I thought you free market types were all about keeping the government OUT of your business. NOW you want the big federal government to protect your ass ??

What a fucking hypocrite.
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Old July 2nd, 2016, 10:46 AM   #9
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BUT BUT BUT BUT BUT .............................. I thought that's what you conservative types called a FREE MARKET ???? I thought YOUR answer to EVERY economic situation was to let the FREE MARKET handle it ???? I thought you free market types were all about keeping the government OUT of your business. NOW you want the big federal government to protect your ass ??

What a fucking hypocrite.
Ok. Good point. We will just keep things like they are. I get it now. Manufacturing is so beneath Americans anyway. Besides we have cheap Mexican labor now. Besides child labor in other nations are not our problem anyway. If we can get cheap smart phones and other nations want to manipulate currency and we keep passing more regulations on our manufacturing then that makes perfect sense. Good point Bubba. I stand corrected. Thank you for point out my hypocrisy. I appreciate it. You idea is much better. Manufacturing in the USA should not be allowed anymore for the most part. We need cheap smart phones and stuff. Besides the poor Chinese have been mistreated by us for so long. They deserve to manipulate their currency with no repercussions. NAFTA was great. I get it. Yep sure do. Great.
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Old July 8th, 2016, 09:19 PM   #10
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Ok. Good point. We will just keep things like they are. I get it now. Manufacturing is so beneath Americans anyway. Besides we have cheap Mexican labor now. Besides child labor in other nations are not our problem anyway. If we can get cheap smart phones and other nations want to manipulate currency and we keep passing more regulations on our manufacturing then that makes perfect sense. Good point Bubba. I stand corrected. Thank you for point out my hypocrisy. I appreciate it. You idea is much better. Manufacturing in the USA should not be allowed anymore for the most part. We need cheap smart phones and stuff. Besides the poor Chinese have been mistreated by us for so long. They deserve to manipulate their currency with no repercussions. NAFTA was great. I get it. Yep sure do. Great.
Coke it has been said a nation that denies respect for other than intellectual pursuits and production is doomed to be a nation with poor poetry, art, theology, and toilet plumbing.
I hope you’re comment “Manufacturing is so beneath Americans anyway” is not suggesting the actual or proposed direction of our USA’s character.

American’s willingness to toil, sweat and get our hands dirty greatly contributed to our nation’s achievements. If we lose our respect for work, craftsmanship, diligent toil for physical and intellectual endeavors, our future is doomed to continuous decline of our lives qualities and our nation’s status.
In Wikipedia’s article “Import Certificates”.

I am a strong proponent of the proposed policy for USA’s global trade of goods as described In Wikipedia’s article “Import Certificates”.
That’s the policy that RNG perceives as not being significantly different from a tariff policy.

RNG, if you accept importing and exporting as a single “global trade” industry, an Import certificate policy would be of some additional advantage to any enterprise producing gods within the USA, (even enterprises which are USA susiduaries of foreign enterprises), that compete or aspire to compete with foreign goods ANYWHERE in the world but particularly within USA’s domestic market places.

I would expect USA’s adoption of this Import Certificate policy would be of greater benefit to manufacturing industries but (due to it being much substantially much more a market rather than a government driven trade policy) that’s not a certainty.
Import certificate policy is only of benefit to a nation that otherwise would suffer chronic annual trade deficits of goods, certainly its adoption by such a nation would be of net benefit to such a nation’s GDP.

Refer to Wikipedia’s “Import Certificates” article
And to DefendingTheTruth thread “ compare Tariffs and Import Certificates “.

Respectfully, Supposn
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