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Response to CrowCityDem (Reply #26)

Wed Jun 1, 2016, 12:22 PM

27. Even that would be problematic. Our trade deficit per capita is higher with Germany than with China.

Of course German workers make more than American workers but our trade deficit is $913 per German. Chinese workers make much less than American workers but our trade deficit with China is equivalent to $265 per Chinese. Of course China's population is 15 times larger than Germany so their total numbers are much larger.

Vietnam is just a little bigger than Germany (91 million to 81 million) but their trade deficit with the US is much smaller - $31 billion in 2015 compared to Germany's $74 billion and per capita it is just $340 per Vietnamese.

http://www.census.gov/foreign-trade/balance/index.html#V

And Germany has higher wages, stronger unions and tougher environmental laws than we have in the US, so 'fair trade' would have to account for that. I would define 'fair trade' as enforcing strong labor protections and effective environmental standards on countries with which we conclude trade negotiations.

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Arrow 31 replies Author Time Post
TomCADem May 2016 OP
hollysmom May 2016 #1
larkrake May 2016 #2
TomCADem May 2016 #3
JDPriestly Jun 2016 #17
Armstead Jun 2016 #21
Recursion May 2016 #4
JDPriestly Jun 2016 #16
PufPuf23 May 2016 #5
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EndElectoral May 2016 #8
PufPuf23 May 2016 #10
TomCADem May 2016 #11
PufPuf23 Jun 2016 #12
JDPriestly Jun 2016 #14
PufPuf23 Jun 2016 #18
TomCADem Jun 2016 #20
Armstead Jun 2016 #22
TomCADem Jun 2016 #23
Armstead Jun 2016 #24
PufPuf23 Jun 2016 #29
TomCADem Jun 2016 #30
PufPuf23 Jun 2016 #31
JDPriestly Jun 2016 #15
pampango Jun 2016 #28
PufPuf23 May 2016 #9
jillan May 2016 #6
CrowCityDem Jun 2016 #26
LineLineLineNew Reply Even that would be problematic. Our trade deficit per capita is higher with Germany than with China.
pampango Jun 2016 #27
JDPriestly Jun 2016 #13
pampango Jun 2016 #19
AgingAmerican Jun 2016 #25
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