South Korea, China, Germany, and Japan’s free trade policy is to run large trade imbalances with its trading partners and to take advantage of our inability to act in our own best interest. Take Korea for instance President Obama has asked Korea to lower the barriers to selling us made cars in Korea, Korea politely said no thank you free trade is working for us.
Of course we could erect trade barriers until they leveled the playing field but then free traders of all stripes would yell bloody murder about how free trade is good for us. Countries all around the world would heap scorn and derision on us for noticing the obvious that they have no interest at all in trading freely with us and will dismiss the inconvenient truth that their trade policy is to run trade imbalances with us as it is in their own best interest. Even American owners of Hunyadi dealerships would be
Yelling bloody murder as if their own self interest was Americas self interest.
Let me be clear; China, South Korea, Japan, Germany have no, none, zero interest in trading freely with us. And since many of our business and political leaders are zombie like in chanting their free trade mantra. Even the most tepid of suggestions that our nation should erect trade barriers when it is in our sovereign best interest when those self interests are in opposition to their self interests would kick in the machinations of the self interest puppet masters. How could we ever pass even the most ineffectual of trade barriers/sanctions? And how could we withstand worldwide anger at merely playing the economic game the same way that everyone else is if our own financial oracles can not see beyond their collective noses?
When you are thinking of buying a Hyundai, buy a Chrysler. When you are thinking of buying a Lexus buy a Lincoln or Cadillac. When you are thinking of buying a Toyota, buy a Ford. This will do much more than trade barriers to rebalance our trade deficit with our friendly free trade loving nation-state hypocrites.
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