If there is something, which seems to be clear that letters for the leaders of South Korea and Japan are written by Donald Trump himself. From the first to the last line, they reflect their style, with random capital letters throughout the message and their thinking about tariffs and commercial relations. A combination that leaves many unexpected phrases, strange and taken from their tweets along the letter.
“Fair trade”: The letter begins with “for me it is a great honor to send this letter to you because it demonstrates the strength and commitment of our commercial relations”, and then adds that “we decided to move forward, only with a more fair and balanced trade”, showing your love for capital letters as a way of highlighting important words.
“Economics number one”Then he says that “we invite you to take part in the unusual US economy, in the number one market in the world, today, in a strange image of one country inviting another to sell things. Trump said his idea of international trade is that he is the “owner of a very desirable shopping center”, and that Tariffs are a “rent”, which he, as the owner, accuses other countries For sale or purchases in a shopping center, for example, “The cost of doing business.”
“Mutual trade”: Then he complains that “our relations, unfortunately, were very far from mutual”, pointing to his obsession with a balanced trade, when, as economists remember, commercial imbalance is nothing more than the effect of inconsistencies between economies and the consumption of companies, residents and governments of countries, and the USA is the country suffering from the country. A commercial excess can be bad news, and a sign that the country’s economy cannot increase sufficient family consumption.
25% little: “Please understand that the 25% tariff is much less than it is necessary to eliminate the inequality of the commercial deficiency that we have with your country,” he will, recalling the strange and conflicting calculations that the so -called “mutual tariffs” from April simply divided the commercial shortage between the general commercial attitude of both countries, and then the percentage of two. And he accuses the country of “the presence of a closed market” of a commercial difference, as if the fact that Japanese (or South Korean) consumers did not import as many products as the Americans were for a government ban.
Made in Japan made in the USA: Then this affects another of your persistent beliefs: “There will be no tariffs if Japan decides to build or produce your products in the United States.” Japan (or Korea), as a country, does not produce anything: it is companies and families that do itThe field even public companies – these are companies, organizations that are different from countries and states. And there is also one of Trump’s fundamental mistakes: the belief that it is foreign countries that pay tariffs, and not American importers who really pay them to the US farm. Trump seems to experience a certain confusion regarding the role of countries and governments in trade.
National Security and Budget Balance: Another confusion in the meaning of a commercial deficit, arguing that “this deficit poses a great threat to our economy and, in fact, our national security.” National security is an excuse to be able to apply these tariffs, in accordance with the law that you use to impose them without asking the Congress, as this usually requires a constitution.
But the link to the deficit indicates the belief that Trump demonstrated in the past that the US government tax deficiency, which he himself aggravated by reducing taxes by his financial reform, is actually carried out by foreign trade. Again, the belief that the money used to pay for these purchases is paid by the government, and not by companies and families, as it really is. Hence the persistence that The USA “Lost Money” with its commercial deficitWhen this money is compensated by Center for financial income (investment, buying American debt, buying houses and factories, etc.) that the United States receive. Balance of your commercial balance will not reduce your crazy budget deficit, but this will reduce the foreign investment you received.
Goodbye to tweetAlthough, if anything shows that this letter is written by Trump, are the last paragraphs. Firstly, he says that “we hope to work with you as commercial partners for many years”, after the introduction of tariffs. And then he promises that “the United States of America will never disappoint you” to finish the same phrase with which his tweets end: “Thank you for your attention to this topic!”Field
