Trumpled (Alternative Leading)

[sydneybluesfan]

Some economists maintain though that lower offshore costs only benefit a very small percentage of people in the US in terms of higher corporate profits and exec bonus's?

But all consumers, especially those on lower and middle incomes, benefit from being able to buy 'cheaper' imported goods - whether it's food, electronics, cars etc. It increases their purchasing power, and puts downward pressure on inflation.

If all imported goods slugged with tariffs of between 20% [Mexico] and 45% [China] then the impact of these higher prices are felt disproportionately by the poor. And anyone who thinks that this will result in factories re-opening in the USA is delusional. And don't forget that all of the US's trading partners will retaliate in kind, which will impact on American businesses that have current export markets - which leads to redundancies and a likely recession.

Trade liberalisation has been embraced almost universally since the end of WWII for a simple reason - it works far better than the alternative. That's not to say it's perfect, and their are always going to be some 'losers' in individual industries, but the net benefit to countries and the efficient allocation of capital have been proven for nearly 70 years and this guy is going to come and try and turn this all on it's head and think it will not create far more problems than it solves??