How great will Donald Trump make America?

Cheetah said:

It's gonna be yuuuuuge!

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Hygro said:

Greater that the Yucatan Crater.

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Kaitzilla said:

When that 35% Mexico tariff and 40% China tariff lands, USA will be rolling in the money since that is where all our stuff comes from now.

Libs will love it too because it is more revenue (taxes) for the government.

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FriendlyFire said:

So Free trade agreements and contracts are now worthless ?
The US could get away with that, but then the fallout from this would be interesting too see how Mexico and China react. all those US companies that moved overseas to China or across the border are going to be hit hard.

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Dispute settlement is regarded by the World Trade Organization (WTO) as the central pillar of the multilateral trading system, and as the organization's "unique contribution to the stability of the global economy".[1] A dispute arises when one member country adopts a trade policy measure or takes some action that one or more fellow members considers to a breach of WTO agreements or to be a failure to live up to obligations. By joining the WTO, member countries have agreed that if they believe fellow members are in violation of trade rules, they will use the multilateral system of settling disputes instead of taking action unilaterally — this entails abiding by agreed procedures (Dispute Settlement Understanding) and respecting judgments, primarily of the Dispute Settlement Body (DSB), the WTO organ responsible for adjudication of disputes.[2] A former WTO Director-General characterized the WTO dispute settlement system as "the most active international adjudicative mechanism in the world today."[3]

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Consider the case of Ms. Shanklin-Hawkins. While she says she won’t be voting for Mr. Trump and considers him a racist, she applauds his message on trade. She says she plans to vote for Senator Bernie Sanders of Vermont, who similarly blasts free trade, but from the left. The two populist candidates may be political opposites, but when it comes to the downside of globalization, Mr. Sanders and Mr. Trump are speaking to her with one voice.

In fact, many Carrier workers here say that it was not so much Mr. Trump’s nativist talk on illegal immigrants or his anti-Muslim statements that has fired them up. Instead, it was hearing a leading presidential candidate acknowledging just how much economic ground they’ve lost — and promising to do something about it.

Mr. Trump has repudiated decades of G.O.P. support for free trade, calling for heavy tariffs on Mexican-made goods from the likes of Carrier. This has helped put him within arm’s reach of the Republican nomination.

Opposition to trade deals has also galvanized supporters of Mr. Sanders, helping him unexpectedly win the Michigan Democratic primary this month. At the same time, it has forced his rival Hillary Clinton to distance herself from trade agreements she once supported, like the proposed 12-nation Trans-Pacific Partnership and the North American Free Trade Agreement, the 1994 deal with Mexico that is an important part of President Bill Clinton’s political legacy.

Exit polls after the Michigan primary , for example, showed that a clear majority of both Republican and Democratic voters believe international trade costs the American economy more jobs than it creates.

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Kaitzilla said:

And right now, Trump and Sanders are speaking to them.

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Are Trade Agreements Good for Americans?

American exporters sell more U.S. goods abroad than ever before — and imports give American consumers more choices at lower prices. Americans have higher living standards because trade enables them to afford more goods.

Trade benefits consumers in other ways — many of the products that are produced in the United States are cheaper and better because they have imported components and raw materials, improving their quality and lowering their cost.

Almost all our trading partners have higher barriers; trade negotiations are largely about how much and how fast they will change their practices, upgrade their regulatory standards toward U.S. norms and open their markets to new competition from the United States

Why do other countries accept such "unbalanced" deals? Because trade pacts require them to undertake domestic policy reforms that they need to do in any event to boost productivity and growth in their economies

To say that trade agreements are good for America doesn’t mean that they benefit all Americans. Some firms can take advantage of the new opportunities and others suffer from increased competition. Yes, trade deals can displace some workers from their current jobs, but they also create many new jobs in areas where America has a competitive advantage such as business services and high-tech industries. Compared to overall U.S. job creation and dislocation each month, affected largely by technological advances and changes in consumer demand, the impact due to trade agreements is exceedingly small, but positive because, on balance, trade pacts create better and higher paying jobs than the ones displaced. Workers in manufacturing firms that export generally earn wages 12 to 18 percent higher than their counterparts in firms that only serve the domestic market.

The growth of trade with low-wage countries has particularly hurt workers without a college degree, who make up more than two-thirds of the U.S. labor force, or 100 million people.

T.P.P., is responsible for transferring approximately $180 billion per year from low- and middle-income workers to those in the top third, and especially to those in the top 10, 1 and 0.1 percent of the population.

It didn’t have to be this way. Trade and investment deals like Nafta and T.P.P. are highly complex legal texts, written to favor multinational companies and large investors. A well-known economist once noted that a “free trade agreement” could be two pages long and simply say that all tariffs are eliminated between two or more countries. The T.P.P. has 30 chapters and thousands of pages of inscrutable legalese.

http://www.nytimes.com/roomfordebate/2016/03/17/are-trade-agreements-good-for-americans

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