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by ericd
5228 days ago
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Competitiveness is extremely important, and you highlight a way to sort of obtain that, but you can only control competitiveness in the domestic market with tariffs unless you basically oppress third worlders (how it will be viewed, anyway) by strong-arming nations to pass similar tariff laws. The value of domestic manual labor simply isn't that high anymore except in hard-to-outsource cases, and unless we change our society to involve more wealth redistribution, those who can only perform manual labor will not enjoy a similar standard of living to those with greater leverage. |
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Canada, is another story we really need to keep them happy: http://www.census.gov/foreign-trade/balance/c1220.html
We export half as much stuff to China: http://www.census.gov/foreign-trade/balance/c5700.html
And Ethiopia is next to nothing: http://www.census.gov/foreign-trade/balance/c7740.html