I think Trump is Wrong about Trade Imbalance

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Trump is actually wrong when he complains about trade imbalance. My trade imbalance with my baby sitter is in favor of my maid. It doesn’t mean that I am not profited by my baby sitter.

I probably receive benefit from my maid than my maid receives benefit from me. I can’t imagine my self changing diapers or taking care of my baby all the time. I got money to make and I wanna have fun.

The Chinese probably make $100 for every iPhone and Apple, an American company makes $1000 and the iPhone customer is probably $1500 happier. However, in Trump’s mind, we have a trade imbalance because iPhone from China is being sold in US for $1k

I think this is one of a few area I do not agree with Trump.

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