drumpf sees the word "deficit" and thinks it's bad, and that's literally the entire reason for this whole dumbass trade war. He's just a fucking moron.
this post was submitted on 06 Apr 2025
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Good point.
US with a population of 300 million with a high GDP per capita trades with a country of 1 million with low GDP per capita.
The country of 1 million can sell 300 million cheap spoon to US.
But US will only be able to sell 1 million fork to that country. There is no way that country can buy 300 million fork to create a balance. The imbalance is natural and is not cheating.
Unless all the countries US trades with are equally wealthy and equal population (same amount of money and same amount of people or same concumption capacity), there will be imbalances.
There are other things to look at, too, like does a country in the equator need winter jackets? Assume US is the largest producer of winter jackets, and if they try to sell them, winter jacket it will lead to imbalances too. nobody will buy them. A country that is mostly buddhist/hindu will probably not import any beef from US.
Put differently, with over 200 countries in the world, only an imbecile would think that a bilateral balance of trade of zero between each pair is either possible or desirable.
To show how backward Trump's thinking is, David Ricardo, who died in the early 1820s, developed the theory of comparative advantage to explain why ideas like Trump's make no sense, and how everyone can be better off by specialization.
But I don't think Trump cares. He was put in to crash the US (and if possible the global) economy, as well as to destroy US soft power and its military alliances.