[skissane]

> Falkland Islands were also hit with a tariff that had little to do with the reality of a trade imbalance caused by anything other than they don't buy stuff.

That they don’t buy stuff is only half the story. The other half is they export a lot of primary produce - to the US, primarily frozen fish. The US imports a lot of food so they are interested in Falklands fish. US exports are much higher up the value chain, and Falklands having such a small population has rather limited demand for those high value exports-hence the inevitable trade imbalance.

Which isn’t saying US tariffs on Falklands is good policy-I think it is stupid.

Compare a country like Australia-like Falklands, Australia exports a lot of stuff the US wants to buy. Unlike Falklands, Australia has a decent sized relatively well-off population, who buy a lot of stuff from the US-as a result, the US actually has a trade surplus with Australia. Now, of course, Australia is on a completely different scale from the Falklands: but my point is, if Falklands had a ratio of primary production to population closer to Australia’s, the US would quite possibly have a trade surplus with it too, albeit obviously a smaller one-Australia has around 7800 as many people as Falklands, but only 750 times the primary exports - meaning on a per capita basis, Falklands has around 10 times the primary exports of Australia.

[awesome_dude]

> That they don’t buy stuff is only half the story. The other half is they export a lot of primary produce - to the US, primarily frozen fish. The US imports a lot of food so they are interested in Falklands fish. US exports are much higher up the value chain, and Falklands having such a small population has rather limited demand for those high value exports-hence the inevitable trade imbalance.

How is this not what I'm saying?

[skissane]

Because you didn’t mention the fish exports. If they didn’t export all that fish, and still didn’t buy much, the US would quite possibly have a minuscule trade surplus with them instead of a tiny trade deficit

[awesome_dude]

Right so a trade imbalance which by definition is someone selling more than they buy, needs to have someone explicitly say that they were selling stuff... in order for you to understand the point??????

Go you.

[skissane]

I thought what you said was missing important details, and it was worthwhile to state them explicitly. Even if you don’t see any value in that, maybe someone else will.