From USA with NAFTA
Trade protectionism is a very burgeoning concept in this new-Trump era. However, here are a few thoughts that USA would be interested to know.
- Agro-based or Agri-based industries with agricultural pockets meant to serve the population, and their needs internally can be a good idea.
- NAFTA or North American Free Trade Association can be a boon, if Canada and Mexico join hands together to siphon out best trade practices, including movement of labour.
- Labour Union for illegal immigrants can help protect the interests of the labours, but too much froth can cause a population skew with Hispanics post 2050 AD.
- Special status category to the Hispanic labours instead of permanent legal immigration can also be thought of.
- Immigration overhaul system with an emphasis to scholars can be a good suggestion.
- Central Banking Rules with a greater emphasis to Fed decisions and control for financial control can be emphasized.
- Exporting services to the world based on services to countries with a better currency value can be a good deal.
- Devaluation of Dollar can mitigate Chinese Yen and it’s over prominence can help Dollar sustain its momentum as its world currency figure.
- Fed interest rate hike at 0.25% can be done which does not create furore among the shock absorbers.
- Defence Collaboration will enhance co-operation and emphasize the trading platform for joint exercise in production, especially with India.
- Europe and production with respect to NATO and the Allies will be a greater aspect to work together.
- Shale gas exploration and drilling can introduce a new source of revenue.
- Making USA an education hub meant for scholars will be a non-protectionist measure for scholars from different countries.
- Addressing growing unrest among people by helping economically challenged strata through the lesser charges in education and medical care can be a greater perspective.
- Severe protection for immigrants will be a binding factor for many immigrants who want to serve the country for a longer time.
- Homogenous tax network for individuals living in the different states under the Fed government will be a greater factor for provision.
- Higher tax rate in some states involve migration of immigrants that does not enhance the economy.
- Auto protectionism from goods and taxes based on import tariffs will be a greater boon, but the trade-off lies if such a labour union can support internal production.
- Trade deal in WTO is not an accepting term if it creates a skew as noticed by WTO. Trade protectionism in the raw terms can be a greater impediment.
- Trading with certain countries to create sovereign gold as a back up to Dollar can be thought of.
