Who is in favor of paying more taxes? Probably nobody. Suppose we don’t call them taxes; suppose we call them tariffs. Sounds a lot better, doesn’t it?
As a retired steelworker, I’m as irritated as anyone that the Chinese have been stealing American jobs for decades. Regrettably, tariffs can’t solve this problem, but please don’t consider me a mindless complainer. I may have a better solution.
My problem with a trade war is that it won’t lower the trade deficit with China. We’ll start buying fewer things from them, and they will in turn start buying even fewer things from us.
There is a more direct way to reduce the trade deficit with China, which currently stands at $336 billion a year. Simply pass a law putting a limit on the deficit itself. Next year we tell China that this new law caps our trade deficit with China at $25 billion a month. The year after that, we can cap it at $23 billion, etc. Should China attempt to exceed this monthly limit, their goods will sit in port until these trade targets are achieved.
Kenneth Rybicki, Dyer