Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
292,416
edits
Changes
Jump to navigation
Jump to search
Line 8:
Line 8: − +
→Background
==Background==
==Background==
The post-[[World War II]] [[Marshall Plan]] was set up to allow [[Europe]] and [[Asia]] to place tariffs on exported American industrial products. Those tariffs were used by the [[EU]] and [[Japan]] to rebuild their infrastructure after a devastating war. However, there was never a built in mechanism to end the tariffs. Additionally, the U.S. was carrying the cost of protecting the EU (via [[NATO]]) and Japan with the American military. The EU and Japan spent almost nothing on their own defense because the U.S. took over that role. But that military role, just like the tariffs, never ended. [[China]] since the late 1970s, and particularly since 2002, has piggybacked on that American generosity.
The post-[[World War II]] [[Marshall Plan]] was set up to allow [[Europe]] and [[Asia]] to place tariffs on exported American industrial products. Those tariffs were used by the [[EU]] and [[Japan]] to rebuild their infrastructure after a devastating war. However, there was never a built in mechanism to end the tariffs. Additionally, the U.S. was carrying the cost of protecting the EU (via [[NATO]]) and Japan with the American military. The EU and Japan spent almost nothing on their own defense because the U.S. took over that role. But that military role, just like the tariffs, never ended. [[China]] since the late 1970s, and particularly since 2001,<ref>[https://townhall.com/columnists/johnandandyschlafly/2019/08/28/finally-a-president-stands-up-to-china-n2552287/ Finally, a President Stands Up to China!], John and Andy Schlafly. ''Townhall'', Aug 28, 2019.</ref> has piggybacked on that American generosity.
MAGAnomics essentially undoes nearly forty years of [[General Agreement on Tariffs and Trade|trade agreements]], primarily with [[NAFTA]] and [[China]]. It resembles the trade positions of [[Ross Perot]], [[Pat Buchanan]], [[Walter Mondale]], and [[Richard Gephardt]], all past major party presidential candidates. These candidates all opposed the destruction of manufacturing jobs in the [[United States]] and full scale conversion of America into a service sector, [[consumer]] driven economy.
MAGAnomics essentially undoes nearly forty years of [[General Agreement on Tariffs and Trade|trade agreements]], primarily with [[NAFTA]] and [[China]]. It resembles the trade positions of [[Ross Perot]], [[Pat Buchanan]], [[Walter Mondale]], and [[Richard Gephardt]], all past major party presidential candidates. These candidates all opposed the destruction of manufacturing jobs in the [[United States]] and full scale conversion of America into a service sector, [[consumer]] driven economy.