How would you fix the trade deficit?

Austerity to balance the budget would also solve the trade deficit but nobody wants to address this elephant in the room even though 9 out of 10 economists would tell you that's the root of the problem. Sustained budget deficits create trade deficits.

But eveeybody is afraid of doing what needs to be done, to the point America is willing to tax its trade and destroy its world standing before considering cutting gibs to groids.

Are obese white americans willing to manufacture anything for $15/h AT BEST?

It won't be $15/h, it will be $150/h and you'll have to pay otherwise you get left behind on the world stage.

Produce high quality goods that people actually want to buy

It's still a deficit. The US runs a services surplus, but still an overall deficit.

Redefine it to include virtual goods.

Make people poor.

Fine, let's redefine it to include the value of the goods traded.

Is better to import from China with 300% tariffs than doing that retarded delusional shit you're saying.

Anon, the market dictates wages, not the government. You would know this if you were a free market capitalist and not an autocracy loving democracy-hater.

Change the word "deficit" for something less scary sounding, problem solved.

Blaming american wages is cope, tons of american products just fucking suck. American cars fucking suck, and it has nothing to do with wages.

They suck if you're a nerd who cares about shit like "reliability", but if you're BIGchad then they're superior because they're big.

currency devaluations?

The whole point of the baseline tariff is to cause the US dollar to devalue. Normally when there is a trade imbalance between two countries, the currency exchange rate adjusts to compensate. That doesn't happen when one of the currencies is a global reserve currency, this is the basis for the so-called "Triffin paradox" or "Triffin dilemma"
en.wikipedia.org/wiki/Triffin_dilemma
So for a reserve currency to make this change in the currency exchange rate happen, it must make it happen with all countries using its currency as exchange currency, namely all of them. Which is why Trump set that baseline 15% tariff (now generously dropped to 10% for all countries that have bent the knee)

you think 125% is bad now? just wait, I say ramp it up until you're producing everything here. China just fucked themselves today. They were selling Treasury bonds and shorting them too, when the auction came out, Trump saw this and reversed the tariff policy temporarily, and trapped them. They have to come to the table, hat in hand, and they have no choice but to balance our trade, and when the world sees that China caved to balancing our trade, they will want balanced trade, and China will cease to exist as a manufacturing super-power. Simple as. This day will go down in history with what was done...

You are a delusional retard.

Japan was the one selling the bonds.

By not worrying about it. The US evolved past manufacturing into a service and tech based economy. Learn what comparative and competitive advantages are

don't care. I'm not the one with a blown-out asshole.
Yeah the whole world was selling treasuries, but a good amount came from China. Everyone got giga-dumped today, big win for us. Australia, Vietnam, and Taiwan are all either agreeing to drop tariffs to zero and/or will not work with China in this trade deal kek.

I'm not the one with a blown-out asshole.

What is this? Another one of your delusions?

whats there to fix?

make cheap american garbage here

at a way higher cost :)

devaluing the dollar solves that problem.

Step 1.
Stop sending weekly billion dollar checks to Israel

they tried doing that with DOGE but it barely put a dent into government expenses.

Thirdies get dollars

I get stuff

I'd rather have stuff than dollars. The only purpose of dollars is to trade it for stuff.

calls you delusional

doesn't explain how you're delusional

thinks its winning

doesn't know what real winning looks like

yup faggot or a woman detected, just wants to complain.

There’s nothing to fix about the trade deficit.

They suck because they have to compete with foreign trash. Foreign trash started the cheap plastic trend and Americans said fuck quality

This is the only thing that could actually work. Webservices (such as Netflix) make big money and it actually is possible to export more than import if these kinds of intangibles are highly valued. Kind of have to be careful not to "inflate" the value of this kind of thing through overproduction though, which is something regulation can't really account for.

Nuke all other nations, problem solved.

Tell us more about the $150 an hour assembly line jobs.

lol you have no idea what the fuck you're talking about.

nah, you don't deserve to know the plan.

cool enjoy being a mentally ill retard for the rest of your life

Americans are some of the richest people on the planet, even with their wealth inequality

Are able to buy shittons of stuff and still stay rich, which they do

This is a "problem"

The irony that all this is doing is promoting environmentalism while Republicans are anti-environmentalism is hilarious. But good, lower consumption, it'll save the planet in the long run.

that woman comment struck a nerve kek too bad you won't be able to afford rope to hang yourself soon.

is this also part of the secret schizo plan to make everyone in america a millionaire?

Austerity to balance the budget would also solve the trade deficit but nobody wants to address this elephant in the room even though 9 out of 10 economists would tell you that's the root of the problem. Sustained budget deficits create trade deficits.

Austerity never works. The government is the one who can sustainably run a deficit, not the private sector. Also Japan has been running a trade surplus with bigger budget deficits than the US. Public deficits are private surpluses. You could close it up with a trade surplus, but as long as you have the trade deficit, you need the government to be the one running the the deficit. Otherwise you end up like the shit economy Bill Clinton handed off that everyone patted him on the back for.

There is nothing to fix. The more educated you population is the more you will sell services international and accumulate a valuable currency to buy cheap goods from slave states, your people will become more wealthy.

Set bond rates to 0. Give money directly to the treasury... Why is this so hard for people to understand?

this.

External Monetary Interest Payment

oy vey it's anudda shoa!

Stop borrowing and spending! It's that simple!

youtube.com/watch?v=8FKVqXMI_Wg

Also this.

There is nothing to fix. The US issues its own fiat currency and has a policy of a maintaining stable prices, we can argue whether that's good or bad vs alternatives like a fixed supply currency. But that's a completely separate argument. Since we have a stable-value fiat currency, for better or worse, and since we have had good economic growth and increasing abundance, and good adoption of our currency, we have a lot of natural deflation, so this means the US has to expand the money supply to maintain a stable currency unit (for this it doesn't matter how its expanded, or whether its a good/bad way, only that it is). When you expand the money supply it makes complete sense there would naturally tend to be trade deficits as money is created and flows out. This is not unsustainable, as long as technology and society progresses, abidance will increase.

The dialog around this issue is completely fucked because a trade deficit is normal and not bad. In fact its an expected attribute of a country with a very strong economy. It doesn't make any sense to want to reduce the trade deficit, its cutting off a huge source of demand for your currency which is an investment into your country. But people seem to think its related to reshoring industry or something. But it really has nothing to do with each other. Because like I said if you have an increasing money supply, which is normal in a healthily growth economy, you naturally tend to have deficits, and restricting trade would just scale that deficit down maybe, but you wouldn't expect to ever have a surplus, or want one for any reason.

So the entire debate about deficits is just a distraction that hinders real discussion about the actual underlying polices like do we want to pay an economic cost to reshore, which may or may not be more equitable or have other non-economic benefits, or whether its better to have a fixed supply currency. The trade deficit is a meaningless distraction.

I'm make up for the imbalance by selling other stuff like services, neatly sidestepping the entire problem and all of its consequences without compromising the incredible non economic benefits I get from being the reserve currency behind all global trade

The trogledyte that doesnt understand how shitty toyota and honda was in the 80s

the trogledyte that doesnt understand terrible british manufacturing