No tariff questions are being asked, but they should be.
1) The so -called “commercial war” of President Donald Trump.
Many call the American effort to obtain tariff parity or a reduction in the commercial deficit of approximately $ 1 billion and 50 years of consecutive commercial deficit such as a “commercial war”.
But then, what do they call the policies of the last half century through Europe, Asia, China and others to guarantee asymmetric tariffs, pseudo-salud and commercial security restrictions, and great surpluses?
A commercial peace? Commercial justice?
2) Do nations prefer surpluses or deficits?
Why do most nations prefer commercial surpluses and protective tariffs?
Europe, Asia, China and other stupid? Are they suicides by continuing with their commercial surpluses and protective or asymmetric rates?
Is the United States uniquely by maintaining half a century of cumulative commercial deficits?
Do Americans only discover the advantages of an annual commercial deficit of $ 1 billion and small or non -existent rates?
Why don’t US business partners prefer deficits like ours, since we supposedly believe they are advantageous or perhaps irrelevant?
3) Would our business partners prefer to exchange places with us?
Would our business partners prefer to have the supposed benefits of the United States or a trade deficit of $ 1 selons?
United States “would suffer” as they do by obtaining annual surpluses of $ 200 billion?
4) What happens if salaries get used to the stock market rate?
What would now be the reaction of the stock market if in the last decade the wages had been at the rate of shares, and the actions at the salary rate?
5) is the panic of Wall Street based on what could happen, or what is Event?
Is the collapse of Wall Street a fear of what could happen in the future? Or are you reacting to the last JU job report that 93,000 jobs were created more than expected?
Was Wall Street panic on much lower oil price reports?
Did the rage arose about the March inflation that the annualized inflation rate fell to 2.6% per year?
6) Is the frenzy caused by Trump’s economic agenda?
Is the concern of Wall Street that Trump’s imminent tax cuts, more deregulation, greater budget cuts and continuous efforts to eliminate budget deficits and reduce national debt will stop economic growth?
7) What about the neighbors of North America?
If the US were executing a commercial surplus of more than $ 63 billion with Canada, refusing to meet their NATO requirements to spend 2% or GDP in defense, and instead he spent only 1.37%, Canada would worry?
If Mexico were executing a commercial deficit of $ 171 billion with the USA.
8) Is Trump’s agenda the bad economic news?
Is the current panic on the rates amplified by the other Trump policies?
Does the sudden end of 10,000 illegal tickets a day annoying Wall Street?
Are the media furious that the Red Sea is suddenly navigable again, the hutis in Yemen reduce their attacks?
Is indignation due to the orientation of approximately $ 200 billion in budget cuts or plans to be shaved by $ 500 billion of the annual budget?
Is the enigma because Trump is sanctioning Iran, supporting Israel without apologies and looking for the end of the Ukraine War?
9) Was Biden record preferable?
Should Trump try to match the addition of $ 7 billion of $ 7 of former President Joe Biden to national debt?
Should 12 million illegal foreigners allow the country again?
Was the extraction of Afghanistan of 2021 a good model?
Can Wall Street worry that Trump can copy the new Green Biden agreement, your electric vehicle demands and more green regulations?
10) Why negotiations and why now?
Why 70 countries now want to negotiate tariffs with the United States, either to zero or reciprocally at the same rate as ours?
Is that good? If so, why didn’t our business partners want to reduce their commercial barriers much earlier?
Did they decide suddenly and spontaneously that they act unfairly and, on their own, now do you want to make peace?
What follows?
If there is an avalanche of nations to reach an agreement with the United States, so it will not be out of the US market, will another hysterical spasm of Wall Street follow, not to sell, but to buy shares at bargain prices?
Victor Davis Hanson is a distinguished member of the Center for American Granura.