Why would they buy military hardware from a country that is busy ■■■■■■■■ on the NATO alliance and claiming we can’t even buy steel from Canada for national security reasons?
Besides, you seem to really struggle with how governments relate to trade balances. NATO member governments are free to choose to spend their defense money at home. We do it and it’s totally reasonable to do so.
But the government can’t control the overall trade balance in the way you’re imagining. It’s trade between companies and people in those countries and trade is generally positive sum. We buy things from some countries because it benefits us and we sell other things to other countries because it benefits them (and us). Obsessing over the bilateral trade balance with any one country or group of countries is silly. Our trade deficit with the EU isn’t huge and we run trade surpluses with some other countries.
You’re conflating a bunch of unrelated ideas while simultaneously misunderstanding all of them.
What should they be importing more of specifically? Do you want NATO member governments to order all of their citizens to start buying more Levi’s or something?
I am not going to pretend I am some knowledgeable guy on deficits and spending. I am a simple man, and what I have seen since the late 1940’s is America grow and prosper to the #1 spot.
A large part of that has been our growing trade and alliances with the world, we have been able to establish a global military presence, promote western democracy and solidified the US dollar as the universal currency.
Now perhaps its time we revisit some of these terms and conditions as after we are in a new economy and it is set to continue changing rapidly. Now more then ever we need to sit down with out allies and in good faith look for solutions. After all our partnership with our allies has not only made us safer, but it has made us prosper.
That is not what Trump is doing, he wants you “outraged!” he wants you to get “mad” but you know Putin is a fine guy.
Didn’t notice our roads, airports etc deteriorated. The countries running massive surplus have first class airports etc. Check out images of Chinese cities, some of them are truly modern wonders. Make ours look like horse and buggy.
From a strictly economic perspective importing goods might make sense if another country makes them cheaper and better, yes. There are of course political issues, which I mentioned in my post and you ignored, and as I side it’s totally fine and makes sense for both us and them to choose to spend our defense dollars at home.
I have to leave for the evening so I’m not going to attempt to explain what I understand of global trade economics. What I said was worrying about the specific trade balance with a particular country or trading bloc is silly. We export more to some countries and import more from others depending on relative production capabilities and demand and the government can’t control most of it directly anyway.
If I choose to buy French wine and cheese because I like them I’m adding to the US-EU bilateral trade deficit but it’s mostly not up to either of our governments aside from just shutting down trade (likely via a trade war) which just makes all of us poorer.
Again, it’s $101 billion because service exports (and jobs) also count.