Americans don’t require their government to secure them investment. They don’t because Americans are inundated with investment. The world lines up to invest in U.S. genius not because presidents or Commerce Departments enter deals with other countries, but because the world’s savers view the U.S. as one of the ultimate investment returns.
It’s worth thinking about considering President Trump’s EU trade deal announced over the weekend. To lament the 15 percent tax on market goods bound for the U.S. is to shoot fish. Time won’t be wasted on Trump taxing U.S. production, which is what a tariff is: ALL production is demand, which means tariffs tax production all the while raising the cost of increasing production through greater amounts of work divided. So much more could be said, but others have said it repeatedly.
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