Quote:
Originally posted by bling trade
Obama and Congress could fix it. They just need to be as aggressively mercantilistic as the Chinese and other export dependent countries. This would require the US to withdraw from a lot of trade agreements that the government signed up on a one-sided basis, giving a lot more than the US received in exchange. I mean, who actually believes China, India, etc are as easy to export into as the US? Whoever believes that is criminally retarded.
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India and China could drop all restrictions and tariffs and whatever they have in place, but that's not going to come anywhere near bridging the cost of our domestic production vs. foreign labor production. Our companies are always going to shop for the cheapest production.
And though I don't know, I'd wager China and India don't need what they get from us 1/10th as much as we need what we get from them.
