Non-Tariff Cheating
Summary:
The USA, amidst currency value manipulations, prohibitive rules, and outright cheating, has found itself on the losing end with a staggering negative trade balance of 918.4 billion dollars annually. This imbalance, with its significant implications for the U.S. economy, is a pressing issue that demands immediate attention.
Countries may appear friendly, but when they prohibit the USA from selling their goods, they are friendemies. This relationship is similar to those in the North American Trade 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 at 3.5 trillion additional per year), the USA must create fiat money through the Federal Reserve to fund the losses. This debt becomes a burden on the taxpayers, effectively a hidden tax.
The issue of tariff and Non-Tariff Barriers must be addressed urgently. The principle of reciprocity in tariffs and market access is not just an answer 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 lining their pockets; so, they remained silent beneficiaries of the status quo.
Examples of non-tarrif 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 kept raising wages, allowing unionized standards, labor protections, overtime pay, holidays, early retirements, and fat pensions that must be financed on the backs of the consumer public who purchases the products. Additionally, the USA has prohibitive and restrictive regulations that drive prices up. Also, the individual, company, and corporate liability, including the joint and several, has created an unsustainable circumstance. All legal manoeuvers, court costs, litigations, and insuraning against risks now cost 10% of the gross domestic product (GDP).
When other countries witness the fallibility of the US redistribution system, they object to participating and create their prohibitive barriers. Since the US operates as a giant Ponzi scheme operating on the injection of fake dollars into the system, it is understandable that other countries refuse to participate. Since the instillation of the Federal Reserve System in 1913, the US has been able to effectively print at will, which has caused inflation and chronic trade deficits.
The US has become the Empire of Debt, attempting to have the world finance our unsustainable deficit spending habits. 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 must modify its fraudulent behavior just as it demands that other countries do the same. The President and his worthy administration have initiated the smart first start to blowing up the criminalized system, which includes downsizing the government bureaucracy, re-calibrating trade relations, kicking out the foreign invaders who want to destroy our country, and tackling overburdening 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 has about 40% of the world's goods purchases and 26% of the world's GDP. We are a powerhouse.
The decision of reproprication and trust is now at the forefront.