45 online
Most Popular Choices
Share on Facebook 20 Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds    H3'ed 7/21/16

Trump's Trade and Tax Theories are Seriously Flawed

By       (Page 1 of 3 pages)   No comments
Follow Me on Twitter     Message Joel Joseph

Made In China
Made In China
(Image by 123rf stock photo)
  Details   DMCA

A recent acquaintance wrongly assumed that I support Donald Trump's candidacy for president because I chair the Made In the USA Foundation. I don't support any candidates for public office.

Mr. Trump's fundamental trade position is that the United States has been out-negotiated by China, Mexico and Japan. This is not the real cause of our trade imbalance. Our trade deficit has not been caused by Chinese or Mexican companies, it has been caused by American companies going offshore and an American tax system that encourages it.

American companies, from General Motors to Carrier air conditioning to Johnson & Johnson and Pfizer are the problem. Remember that U.S. taxpayers saved GM from going out of business. While we were saving GM, it moved production of the Cadillac SRX to Mexico and the Buick Regal to Germany. After costing the U.S. government more than $10 billion, GM is now importing Buicks from China, South Korea and Poland. At the same time Mercedes Benz and BMW have been ramping up their U.S. auto production.

Johnson & Johnson make all of its Band-Aids in China and Brazil. No trade deal encouraged them to go offshore, only cheap labor. It is interesting that most private label "band aids" are made in the United States.

Carrier is moving air conditioner production from Indiana to Mexico. Carrier is moving there for cheap labor. Our tax system allows Carrier to deduct the cost of moving production offshore from its U.S. income taxes. This practice must be stopped. Our tax code should not encourage greedy companies to move production offshore.

Trump is Part of the Problem

We don't need better negotiators; we need better laws and more loyal companies. There are not many businessmen less loyal to the U.S. than Donald Trump and his family. Not only are his hotels filled with imported furnishings; his Trump suits, shirts and ties are all imported. Harvard Trade and Investment Professor Robert Lawrence did an investigation of Trump-branded merchandise advertised on Trump.com and found that products made in the U.S. are the exception and not the rule. Most of the Trump neckties, shirts and suits are made in China, Bangladesh, or simply say "imported." And virtually all of his daughter Ivanka Trump 's extensive clothing and accessory line for women is made outside the U.S., with many items manufactured in China.

Next Page  1  |  2  |  3

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Well Said 1   Funny 1   Supported 1  
Rate It | View Ratings

Joel Joseph Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

CEO of California Association for Recycling All Trash, www.Calrecycles.com and CEO of Genuine-American Merchandise & Equipment, www.genuine-american.com, manufacturers of tennis equipment in the USA (Tennis Wellbow, Good Vibe vibration (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Trumps and Jared Kushner Cheated Their Way into Elite Colleges

Outsourcing Obamacare

Red Nose Day Gives Black Eye to Walgreens and NBC

Shame on Ralph Lauren and the US Open

Great American Products to Buy Labor Day Weekend

U.S Trade Deficit Causes Income Inequality

To View Comments or Join the Conversation:

Tell A Friend