Non-Tariff Cheating
Summary:
The USA, amid currency manipulation, prohibitive regulations, and outright cheating, has found itself on the losing end, with a staggering negative trade balance of $918.4 billion annually. This imbalance, with significant implications for the US economy, is a pressing issue that warrants immediate attention.
https://ycharts.com/indicators/us_trade_deficit_monthly
Countries may appear friendly, but when they prohibit the USA from selling their goods, they are not truly friendly. This relationship is similar to that in the North Atlantic Treaty Organization (NATO).
Japan, South Korea, India, Vietnam, and China are among the countries that openly bring goods to the USA but preclude entry to their markets.
Negative trade balances must be financed, but deficit trade balances must be funded to maintain the government’s bloated bureaucracy. Having spent itself into oblivion (35 trillion and ticking up 3.5 trillion per year), the USA must issue fiat money through the Federal Reserve to fund the losses. His debt becomes a burden on the taxpayers, effectively a hidden tax.
The issue of tariffs and Non-Tariff Barriers must be addressed urgently. The principle of reciprocity in tariffs and market access is not merely a response but a fundamental requirement for fair and equitable trade.
Article:
Cheating was rampant, but politicians were willing to participate because they were part of the system that lined their pockets; thus, they remained silent beneficiaries of the status quo.
Examples of non-tariff cheating:
- Re-routing products through more friendly countries
- Theft of intellectual property, then recreating the same products for lower pricing
- Value-added taxation
- Lying, cheating, and manipulating federal trade statistics
- Lying, cheating, and manipulating while engaging in trade practices- business as usual.
Hostilities and distrust arise whenever one country or many countries have comparative advantages.
The USA has been a participant in deceptive practices with long-overdue changes. The USA has continued to raise wages, thereby enabling unionized standards, labor protections, overtime pay, holidays, early retirement, and generous pensions, which must be financed by the consumer public who purchase the products. Additionally, the USA has prohibitive and restrictive regulations that drive prices up. Additionally, individual, corporate, and company liability, including joint and several liability, has created an unsustainable situation. All legal maneuvers, court costs, litigation, and insurance against risks now account for 10% of gross domestic product (GDP).
When other countries observe the fallibility of the US redistribution system, they object to participating and erect prohibitive barriers. Since the USSS operates as a giant Ponzi scheme, injecting fake dollars into the system, it is understandable that other countries refuse to participate. Since the establishment of the Federal Reserve System in 1913, the US has been able to effectively print money at will, which has led to inflation and chronic trade deficits.
The United States has become the Empire of Debt, attempting to have the world finance its unsustainable deficit spending. Our empire is an oligarchy in which the top 1% of the economic ladder controls 90% of the economic output.
Donald Trump fully recognizes that the solution is to blow up this fraudulent system and rebuild it into a capitalist system, including pay-as-you-go, reciprocity, and trusting relationships. The US. It must modify its fraudulent behavior just as it demands that other countries do the same. The President and his administration have taken a significant first step toward reforming the criminal justice system, including downsizing the government bureaucracy, recalibrating trade relations, expelling foreign invaders who sought to destroy our country, and addressing burdensome laws and regulations. Still, the deep state and the primary beneficiaries of the status quo system are fighting tooth and nail for no changes.
The US accounts for approximately40% of the world’s goods purchases and 26% of the world’s GDP. We are a powerhouse.
The decision of appropriation and trust is now at the forefront.