Donald Trump introduced many millions of Americans to the very unfair, un-free “free trade” to which the United States government had long subjected us.
At the behest of huge-donor globalist corporations, the US government had, for many decades, signed us up for hundreds of “America Last” trade deals.
Where other nations severely limited what we could send them and tariffed the daylight out of what little we were allowed to send them.
And most damagingly, the US allowed other nations to subsidize like crazy what they sell us.
When a country mass-subsidizes something we sell? It is decidedly unfair to us. Most importantly, to the American men and women who make that something. They are being undercut — not by market forces, but by market-warping government interference.
Every dollar in government subsidy means that country’s sellers can sell for a dollar less than our men and women attempting to compete with them. When the government subsidies are in the billions of dollars per year things get really warped — and really bad for our manufacturing men and women.
And, of course, farmers are manufacturers. They manufacture food. And they are damaged just as much by foreign subsidies as anyone manufacturing anything else. Only, I would argue food and its domestic manufacture is more important than just about anything else we manufacture.
Vietnam seems to grasp all of these concepts and is therefore engaged in quite sensible “Vietnam First” trade policy.
“The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry.
“The probe showed that subsidised sugar shipments from Thailand surged 330.4% to 1.3 million tonnes in 2020 and the imports were undermining the domestic sugar industry, the ministry said in a statement….
“ASEAN Trade in Goods Agreement…provisions allow Association of Southeast Asian Nations to impose import duties to protect the rights and interests of their domestic industries against anti-competitive behaviour.”
To what Thailand “anti-competitive behavior” could Vietnam be responding?
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