6:40 AM View: Rainy Day

 Or at least it’s a rainy morning here in the Hui Shan District of Wuxi, China.

I must have no readers.  I canvassed for comments and got none.  I sometimes get responses by commenting on others’ postings on other platforms.

What about Trump’s tariffs?  The best analysis I have come access talked of trade offs.  One has to try and ascertain what they will be.  There will certainly be readjustments.  Some will suffer; some will benefit.  The American consumer will pay more, more than likely.  Some would argue that America is too much of a consumer society and that so many social ills have come as a result of it being more consumer than manufacturer. Some American workers would benefit if manufacturing jobs could come back.  But jobs could come back if a lot of regulations were removed.  Trump is trying to do this but the bureaucrats are fighting back and stifling Trump’s efforts.  And then there is the increased bureaucracy that tariffs need in order to be enforced…. It’s a complex situation: these tariffs.  Economists commenting on it are discredited however.  While most economists will say tariffs are bad, their analysis never explains adequately why in real life, so many governments are compelled to put restrictions on trade.  Economic analysis always seems to miss something.  Did the utopia that NAFTA was supposed to bring actually happen?  It had trade offs as the economic analyst, I was listening to, said.  Those who think the trade offs weren’t worth it are now in power in the USA.  We’ll just have to see what happens, and be level-headed and cool.