Trump's tariffs

Oct 2009
512
88
Cliffside Park, NJ
Annual Trade deficits are always net detrimental to their nation's GDP and drag upon their numbers of jobs.

I’m a proponent of the policy described within Wikipedia’s “Import Certificates” article.

Excluding values of materials that are explicit items within the list of scarce or precious minerals, the values of all goods passing through the Import certificate nation’s borders are subject to the nation’s Import Certificate regulations.

Tariffs are generally drafted to be applicable to fewer specific rather than to almost all imported goods. Within nations that have adopted a tariff policy, political entities usually jokey for their goods advantages over others; and usually some of those political schemes are successful. Among Import Certificate advantages over tariff policy is its drafted to (hopefully) remain general rather than applicable to specific goods.

It’s illogical to attempt protecting the nation’s steel industry from lower wage imports, unless you similarly protect the nation’s steel purchasing industries from such imports. Otherwise we’ve undermined our nation’s steel purchasers. If we’re going to protect domestic steel, we should protect it from imported substitutes for steel. Import Certificate policy does not discriminate among types of goods, enterprises, industries, or foreign nations. It doesn’t discriminate between agricultural or manufactured products but rather treats all products in an equitable manner.

Both tariffs and Import Certificate policy are dependent upon guide lines for goods’ assessed values. I’m among proponents that those assessment guide lines be determined and updated by civil servant statisticians rather than by politicians. Doing otherwise is a path to disaster. The three branches of our federal government do of course retain their full monitoring and oversite duties and jurisdictional powers.

Regardless of the variable free market prices of the nation’s Import certificates, (ICs) passed on to their purchasers of imported goods, the nation’s annual trade deficits of goods will be significantly reduced or eliminated.
Even if tariff rates reflected upon import prices passed on to their purchasers of imported goods are drastically high, imported goods price increases cannot assure reductions of annual trade deficits similar to the great reductions that Import Certificate policy would accomplish.

Respectfully, Supposn