Lately, we have found myself in a little tiny tiff with China on trade charges, and issues of protectionism as both of our nations stimulate our economies. And that is why therefore many business leaders, politicians, and diplomatic analysts are busy referring to trade. Still, there is a big difference between free-trade and what you could consider; fair trade. If I released company equipment to China there will be a big import tax, but when the Chinese import goods into America there generally are not any tariffs.
This is completely problematic since we already have a trade deficit with the Chinese, one which is getting larger most of the time. Not long ago, I spoke to a small business operator who offered golf carts, and he had shipped most of them overseas to China, and he explained to me how he paid 100% import tax. This is pretty interesting because the Chinese also builds electric golf carts and their businesses ship them to our shores, but they do not have to pay the Import or tariff tax..
So if we are going to talk about import responsibilities, then we've to talk about exports and imports into both countries. Meaning we are in need of both free and fair trade. In the end, fair is fair, and currently it appears we are being rooked. Indeed, I hope you will please contemplate all this.