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Re: Ping: Elle (info on the China deal)
No matter what the situation is, there are naysayers. I'm not an economist so I'm not about to challenge what the big picture is. The fact that China has had an advantage over us is clear. In the meantime, the government is gaining funds with the tariffs as I understand it. Off hand, I'd say while it might cost us more, it somewhat balances the playing field for American companies to produce here rather than going offshore...The tariff monies increase the money in the Treasury, perhaps to apply against the deficit or fund some of the increasing social entitlement expenses. The end goal is free trade..where neither country pays a tariff.