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>It's to the best benefit of the country to just adopt unilateral free trade. No need to bargain

I'm not seeing Brazil, Japan or China adopt this philosophy --even the EU. If you were to start unilateral free trade what happens is others will protect themselves and you are left holding the deficit bag. Your consumers will be happy (yay consumerism!), but your wage-earners will not be happy.



Deficits don't work that way..

If people want to give us goods and services in exchange for green bills that we can print at will, all the better.


Obviously Brazil, China, Japan and the EU agree with you, they all love trade imbalances, dont they!


Europe has a trade surplus, they aren't doing so well.

Australia has been running a deficit for ages. They have been doing splendidly.

Also, often a trade deficit is just a statistical artefact: if the Chinese ship a billion t-shirts to the US, and in return get a skyscraper in Manhattan, that skyscraper-for-t-shirts trade will show up as contributing to the trade-deficit, just because the skyscraper doesn't move.

(Some for them buying some silicone valley company instead of the skyscraper. And America is good at producing lots of those companies.)




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