We have oft detailed and analyzed the fake-ness of what has for decades passed for “free trade” in Washington, D.C.
DC has for half-a-century-plus removed all government impediments to our market for every other country on the planet. While continuing to allow every other country on the planet to hinder and hamper our exporting companies – with as many government impediments to their markets as they can possibly conceive.
This isn’t free trade. Imagine the United States – and it’s world’s-largest economy – as the hub of a global wheel. And all of the very many spokes are one-way streets, running only inward. On which every other nation delivers us their goods and services – and we can’t get anything out.
Decades of this dumbness has been a key contributor to why we have hemorrhaged millions of jobs and trillions of dollars – bleeding it all out into the international marketplace.
When we think of other-government-impediments to our entering their markets – the two things that immediately leap to mind are tariffs and regulations. They impose huge taxes and regulatory limitations on our imports – dramatically limiting their end of the “free trade” equation. More