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Supposn

Reduce the trade deficit; increase GDP, jobs and median wage.

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Reduce the trade deficit; increase GDP, jobs and median wage.

 

 

It is not our global trade but our chronic annual trade deficits that are a significant drag upon our economy.
Annual Trade deficits’ are ALWAYS a net drag upon their nation’s economy. They drag upon their nation’s GDP, numbers of jobs and purchasing power of their median wage.

I’m a proponent of a proposal to reduce USA’s trade deficit of goods as described within the Wikipedia article entitled “Import Certificates”. The proposal for transferable Import Certificates, (ICs) is unilateral and its entire net costs are entirely funded by USA purchasers of foreign goods.

 

If we consider importing and exporting as a single global trade industry, the proposed policy would be of some benefit to every USA enterprise that competes or aspires to compete with foreign goods anywhere in he world. It would increase prices to USA purchasers of imported goods and is an indirect but effective subsidy of USA’s exported goods. Due to the proposed policy price increases of imports to USA purchasers and reductions of USA export goods’ prices to foreign purchasers would be substantially much more market rather than government determined.

 

Refer to Wikipedia’s article entitled “Import Certificates”
And
To the paragraphs entitled “Trade Balances' effects upon their nation’s GDP” within the Wikipedia article entitled “Balance of trade”.

Respectfully Supposn

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