| We sure hear an awful lot about trade deficits in the | | | | be a huge import tax, but when the Chinese import |
| media and in the business newspapers. And there is a | | | | products into America there generally aren't any |
| really good reason for this. You see, the performance | | | | tariffs. |
| of our economy, and these money flows are | | | | This is completely problematic since we already have |
| paramount to the success of our nation, but not only | | | | a trade deficit with the Chinese, one which is getting |
| the nation as a whole; also to each individual and | | | | larger all the time. Not long ago, I talked to a small |
| family. When we all have jobs, our middle class is | | | | business owner who sold golf carts, and he had |
| strongest, and the government has the tax revenue | | | | shipped many of them overseas to China, and he |
| it needs to provide for our military, schools, | | | | explained to me how he paid 100% import tax. This |
| infrastructure, and the social services that we have | | | | is rather interesting because the Chinese also builds |
| voted for. | | | | electric golf carts and their companies ship them to |
| Lately, we have got into a little bit of a tiff with | | | | our shores, but they don't have to pay the Import or |
| China on trade tariffs, and complaints of | | | | tariff tax. |
| protectionism as both of our nations stimulate our | | | | So if we are going to talk about import duties, then |
| economies. And that's why so many business leaders, | | | | we have to talk about exports and imports into both |
| politicians, and diplomatic analysts are busy talking | | | | countries. Meaning we need both fair and free trade. |
| about trade. Still, there is a big difference between | | | | After all, fair is fair, and currently it appears we are |
| free-trade and what one could consider; fair trade. If | | | | being taken advantage of. Indeed, I hope you will |
| I exported business equipment to China there would | | | | please consider all this. |