This epitomizes what’s wrong with American trade policy and the American economy as a whole. As reported in the above-linked Reuters article, President Obama is running around the world selling meat and produce and is willing to surrender manufacturing jobs as payment. In the case of Japan, he wants them to lower their tariffs on American farm products and, in return, is considering giving up our small tariffs on their cars and our big tariffs on imported trucks. (By the way, in case you wonder whether tariffs work, take a look around at how few imported trucks are on the road compared to cars.)
At the same time that he’s marketing the U.S. as some rural, agrarian society – something we haven’t been for a century, he’s desperate to liberalize immigration policy to turn us into even more of an urban jungle than we’ve already become.
Is the condition of our economy any wonder, when our president considers rice for vehicles an even exchange? Does he not understand the difference in the labor involved in producing these products? Can’t he acknowledge what a disaster the same trade deal with South Korea has been for American jobs?
God help us. Obama won’t.