US Trade Policy for Domestic Commerce and Strategic Advantage
The trade policy of the United States should be centered on the growth and sustainability of domestic commerce, rather than overly focusing on foreign markets. Foreign markets, while valuable, are finite and do not offer the same potential growth opportunities as the massive domestic market with over 300 million consumers. Therefore, the focus should be on industries that can benefit from the huge home market and export only high-value capital goods such as machine tools.
Energy Policy as a Key Indicator of Industrial Policy
One of the primary indicators of the effectiveness of an industrial policy is the energy policy. Current trends in windmills and solar panels must be restructured to pave the way for the nuclear age and the development of fusion power. This shift would position the US as a leader in energy technologies and contribute to overall industrial growth.
The Importance of Public Credit in Economic Development
Establishing a third National Bank and utilizing public credit for the development of the physical economy will be crucial. This approach will enable the US to fund large-scale infrastructure projects and research and development initiatives that are critical for long-term economic competitiveness.
Relaunching the Manned Space Program
Relaunching the manned space program will not only contribute to scientific and technological advancements but also enhance national prestige and international cooperation. This initiative can open new markets and technological horizons, creating new opportunities for domestic industries and fostering innovation.
Strategic Bilateral Deals Over Multilateral Agreements
Instead of focusing solely on multilateral trade agreements, the US should focus on creating strategic bilateral deals with key nations. These deals should be based on extensive hidden agendas and secret side deals, ensuring that the US and its friends and allies gain long-term advantages. Transparency, while a desirable goal, should be sacrificed in favor of achieving these strategic objectives.
Extensive Strategic Partnerships
Creating extensive strategic partnerships with at least 40 nations would significantly enhance the US's global influence and economic power. These partnerships should be built on a foundation of mutual benefit and shared interests, ensuring that all parties involved are aligned in their goals and objectives.
Customized Trade Policies for Each Nation
The trade policies for each of the 160 nations in the world must be customized to fit their unique economic conditions and strategic needs. This approach requires a deep understanding of each nation's market, industry strengths, and potential for growth. By tailoring trade policies to suit individual countries, the US can maximize its economic benefits and foster global stability.
Conclusion
In conclusion, the US trade policy should be centered on strengthening domestic commerce, with a focus on key industries, public credit, and strategic partnerships. The policy must also prioritize long-term strategic advantages over transparency and multilateral agreements. By doing so, the US can ensure its continued economic dominance and global leadership in the years to come.