This article is about how the US is turning its back on free trade, which has actually made the US very rich.
Trump wants to get trade deficits with other countries to zero, but the author of this article says “there is no inherent reason why these numbers [trade surpluses and deficits] should be zero”.
As the author explains, “different countries are better at making different products, and have different natural and human resources”. One country might grow lots of food, and another might have large iron ore deposits. These differences can create trade surpluses and deficits between countries, which aren’t necessarily a bad thing.
But as the author says: “according to the White House, the act of selling more goods to the US than the US sells to you, is by definition ‘cheating’ and is deserving of a tariff that is calculated to correct that imbalance”.
Get out of here with that shitty AI generated summary. It’s terrible.
I wrote the summary myself, I didn’t use AI for it.
Sounds like something a robot would say …
Maybe I wrote it in a matter-of-fact way. It’s just a long article so I thought I’d explain the gist of it.
I was just joking btw, you don’t sound like a robot at all.
Ah okay. It looks like some people believe the summary is AI-generated though because six people (at the time of me writing this) have upvoted the comment claiming the summary is AI-generated. I really did write it myself though.