Trump would make a good president from an economic point of view.

Interesting. Here's why I think Trump will be harmful to the U.S Economy.Trade Donald Trump's understanding of how global trade function's is most likely the pinnacle of his ignorance on this subject. He talks about repealing NAFTA and completely cancelling the TPP. These action's would certainly have some very harmful effects on the u.s economy and here is why.First, the typical argument against nafta is how u.s manufacturing Jobs are being shipped over abroad and thus we are losing jobs. But this is a very facile argument and not true at all. But first, let's explain why free trade is a very good thing.Comparative Advantage "the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity."Comparative advantage allows different economic entities to produce certain commodities more efficiently than others. This Advantage can be caused by many different things such as an abundance of a certain resource, larger labour pool or unique manufacturing techniques. The fact of the matter is, some countries can produce certain goods better than others. Now when different countries are able to trade with eachother with their special good without any additional costs like tariffs, they can be sold cheaper on both markets.Let's look at this graph: As we can see here prices are often decided when supply and demand are in equilibrium where Pno trade and Qno trade meet, once markets open and inevitably another country or countries can produce more efficiently suddenly the price drops where world price and Qd free trade meet. Since domestic production cannot compete, they produce less. And thus, imports are needed. But now, consumers are paying significantly lower than they would be paying if they were required to purchase domestically. And this increases the consumer surplus. Yes, domestic jobs go out but now consumers have more money to spend on other commodities such as domestically produced ones. So the country who is better at producing can employ more people to make X. It's a transfer of job's from one sector to another but on top of that, the consumers spend less money.Now that we understand the benefits of free trade, let's look unto NAFTA.Critics of NAFTA love to point out how Manufacturing jobs are on the decline, and they are correct. But this isn't due to NAFTA.Let's look at this graph: As we can see here U.S manufacturing jobs have been going to consistently long before NAFTA or any significant free trade deal was enacted. This is not due to trade but due to technological advancement and increase capital gains. Raw labour has steadily been replaced by more efficient capital.I can corroborate this claim if needed in the future but I'm trying to keep this round at a reasonable length.Taxes and debt Trump has announced to cut taxes and has claimed to have a solution to the U.S federal debt but he has no plan to cut federal spending.[1] And along with spending but insufficient revenue comes a deficit and bigger debt. A structural deficit as opposed to a cyclical deficit occurs when the economy is operating at it's full potential But the expenses of a government exceed it's ability to accumulate revenue. Donald Trump's tax cuts sound great but he has no plan and explanation on how he will compensate for the loss of income.This is why the non partisan Committee for a Responsible Federal Budget calculated that trump presidency would result in a debt to GDP increase from 75% to 105% [2]Some ma argue that a decrease in taxes fuels GDP growth which is true. However, an analysis from the Tax Foundation found that with dynamic scoring, while GDP does grow tax revenue will decrease far quicker than the GDP can compensate for this loss and it is expected it will increase the deficit over the next decade by $10 to $12 trillion. [3]Unless trump can find a way to seriously cut spending, his tax plan is simply not feasible.Also on the subject of reducing corporate tax, reducing the tax does little to incentive corporations to pay up their taxes. They can just put their wealth in offshore bank accounts and suffer very little or no tax deductions at all. It's suggested that up to $21 trillion in assets has been lost to global tax havens. Even if Trump reduced the corporate tax which as I've shown will significantly increase the debt, there is still little incentive for corporations to pay tax when they can pay none at all. [4]I would appreciate if you could site your sources with matching numbers if you could be so kind. I will await your rebuttal Sources:https://www.donaldjtrump.com... [1]http://crfb.org... [2]http://fortune.com... [3]https://www.theguardian.com... [4]