Miami, FL, February 20, 2015 – For the final decade, US has lost far more than U$ 7 trillion in quite undesirable trade negotiations. We import much far more than we export and this is a reality that has been going on for years.
The nation itself has a debt of over U$ 16 trillion that can’t be repaid in the subsequent decades and we nevertheless insist in making use of the very same method of exporting less and importing much more.
Our manufacturing is carried out largely overseas due to the fact of the high price of our services. Even soon after improving our productivity by a lot more than one hundred% in the last 12 years, our monthly salaries are as well higher to compete with other folks countries.
China for example has U$ two.4 trillion surplus against us in only 7 years, and this number is 5 years old. Due to this gigantic deficit in trading with China, we have lost approximately 2.4 million jobs in our backyard.
Numerous states have felt this manufacturing exodus to China in the last decades. In California the numbers exceed 370,000 jobs lost due to this trade deficit. Texas has lost 194,000 jobs, New York 140,000 and Illinois 106,000. These are the leading 4 states that lost the most jobs, but a number of other folks states have lost in between 75,000 to 100,000 jobs.
A lot of American companies are established in China to take advantage of their low salaries. The largest business contributing to our trade deficit with China is computers and electronics since these devices have been imported from China each day for years. The number is 40% or more of our deficit is due to only these devices.
Straightforward methods, could attain great outcomes!
If the United States leaves the WTO (Globe Trade Organization), then true tariffs could be applied to Chinese goods which could quickly produce 1 million jobs right here at residence (this is only in the electronics and laptop business). We need to not forget that this could also aid us generate jobs in the manufacturing of goods, scientific and technical services. All these jobs could be developed in our country almost instantly. Not getting the need to manufacture items overseas, the direct result would be a high stimulation to our economy.
When we analyze the trade agreements signed in the final decades in between the United States and several other nations, we will see in most of them the word “Free of charge”. This is a issue due to the fact we have so several “totally free trade agreements” we are in disadvantage with our “partners” that have lower salaries and outdated equipments. They can provide considerably better prices to us, although we cannot compete with their prices and with their neighborhood goods.
NAFTA is 1 of the numerous examples exactly where we lose cash obtaining this agreement in location. For the very same item produced in the US for U$ 20 per hour, it can be manufactured in Mexico (a couple of miles away from our borders) for U$ 4 and can be shipped to the US “duty and restriction free”.
Following leaving WTO, the trade agreements need to be revised. Our economy is not competing as it used to simply because we do not produce sufficient to compete globally, particularly with those countries that we have offered so several incentives to in the past.
It is needed to understand that until we never understand to keep our cash in our pocket (in the United States) and balance our trade, we will have troubles in expanding at the speed we need to develop. Even if the United States wants to balance its trade it can’t be carried out. Our totally free trade agreements and our participation in the WTO will cease us from undertaking so.
Honor and Truth
For a lot more details please go to: www.paulchehade.org, www.paulchehade.org/pc/6t87ua2d8df
Press Speak to:
Paul Chehade – United States Presidential Candidate 2016.
P.O. Box 451506 Miami- Florida 33245 – 1506 United States of America
305 571 1247