03-10-2021, 10:37 AM
(03-09-2021, 05:54 PM)stillretired Wrote: Americans say that tax cuts are the only reason there is a trade deficit, but maybe regulations make US exports expensive.
The trade deficit is based solely on the very high value of the USD, and willingness of foreign companies to take them as payment. We are slowly repatriating our production, but the reason has little to do with money and everything to do with being extorted by foreign nations -- primarily China.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.