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Slap a tariff on China imports and it comes back to bite the US. A increased tariff would make Boeing uncompetitive and China's business would go to Boeing's competitors, in Canada and Europe.
Who cares ? Boeing has benefitted from billions of defense industry contracts.
How does Boeing as a corporation benefit the American people ?
Here, look at the flags Boeing: Global Index
What we have to do to bring back manufacturing is have real vision to produce
new technologies and infrastructures that others are not doing. It will require
great vision and political cooperation, plus we do have to slap on some selective
tariffs (but not universal tariffs).
I don't know if America is capable of doing the right thing anymore.
It doesn't appear to be.
Boeing is China's leading provider of commercial aircraft. More than 50%, 8000, jetliners operating in Cina are Boeing airplanes. The company achieved this regardless of unions, regulations and taxes.
Boeing forecasts demand in China for 6,330 new planes valued at $1 Trillion. Boeing intends to capture the lion's share of this business going forward. The future of Boeing depends on it.
Slap a tariff on China imports and it comes back to bite the US. A increased tariff would make Boeing uncompetitive and China's business would go to Boeing's competitors, in Canada and Europe.
A very good example, MOM, of why a protectionist stance while bringing back jobs to America would also be painful and expensive. There are always individual winners and losers in every compromise.
Location: Subconscious Syncope, USA (Northeastern US)
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Quote:
Originally Posted by middle-aged mom
Boeing is China's leading provider of commercial aircraft. More than 50%, 8000, jetliners operating in Cina are Boeing airplanes. The company achieved this regardless of unions, regulations and taxes.
Boeing forecasts demand in China for 6,330 new planes valued at $1 Trillion. Boeing intends to capture the lion's share of this business going forward. The future of Boeing depends on it.
Slap a tariff on China imports and it comes back to bite the US. A increased tariff would make Boeing uncompetitive and China's business would go to Boeing's competitors, in Canada and Europe.
I have nothing against anyones continued employment or remaining a US company. In fact, much respect for remaining a US company. Thank you, Boeing.
That being said, and although I am all for protecting Boeing and its continued business as a US company as much as is feasible to do so, they only employ about 173,000 people in the US, which s a rather small percentage of our population.
Taxing imported goods benefits everyone in the US - even Boeing.
Id personally rather see airlines in the US be given major incentives to do business with Boeing and any other American companies.
I believe as the police of the world, America has a responsibility to the world. That being said, if we rank highest when it comes to outrageous trade deficits, we need to shore ourselves up a bit in order to make any progress in meeting our responsibilities to the world.
Last edited by ConeyGirl52; 02-14-2016 at 08:42 AM..
Reason: clarification, spelling & grammar
You don't.. The damage has been done. The sociopathic scum of the earth has infiltrated our political branch and corporations in record numbers. As long as these people are around in power NOTHING will change. They have sold their soul to the devil and sold our country down the drain.
Simplify corporate tax code and lower corporate taxes.
Impose trade restrictions or VAT on foreign made products.
Severely limit immigration of legal workers and completely eliminate illegal workers.
Finally, the public must be willing to pay major price increases for American made goods and services. No more $500 sixty inch flat screens!
Boing has managed to be the leading provider of commercial planes to China. More than 50% of all commercial jetliners operating in China are Boeing airplanes. Boeing competes with Canads and Europe for this business.
Boeing has been able to compete regardless of US regulations, corporate taxes and unions.
If you want to impose a VAT on foreign made products, it comes back to bite US exports, businesses and US jobs.
Boeing cannot survive if they cannot sell their product to foreign countries. It's foreign competitors would be thrilled to see Boeing fold.
It's our own fault. We shop for low prices. Low prices means low labor costs in some industries. Americans can't compete a receive a living wage. Look in the mirror!
Imported goods have enabled most of us to enjoy an unprecedented standard of living. If you want US made products then you had better be prepared to pay more - a lot more - for them and to have fewer products as well because you won't be able to afford 5 TVs, for example.
Living wage is relative. It's not the wage that matters. It's what that wage will purchase in the local economy.
Why pay an accountant a base of $ 100,000/ yr when an accountant in India will do the job for $20,000 and live a middle class life in his/ her local economy?
Technology has enabled accounting and engineering functions to be performed anywhere in the world.
A significant VAT on imports would make the foreign product comparable in price to an American made product. Bottom line, low priced foreign goods would go bye, bye.
A tariff on imports means a tariff on US exports.
Why would a company limit themselves to producing/ servicing product for 5% of the world's population instead of competing for the business of the other 95% of the world's population and survive?
Does anyone in the US need more plastic food storage containers? Tupperware would have folded if they had not decided to expand their business globally. They targeted Indonesia. Tupperware parties are quite popular and create incremental discretionary income for Indonesian women. The products are designed and specified in the US and manufactured in Indonesia. These jobs lift Indonesian workers out of poverty and create enough discretionary income to buy stuff like Tupperware.
60% of GE's profits are attributed to offshore business. International design teams collaborate 24/7 from their homes in pj's, to meet deadlines. Technology has enabled the work to be done anywhere in the world.
Educating our students and labor not importing from world
My 2 cents.
Sure there are other things as well but these would work very quickly
Boeing is the leading provider of commercial aircraft in China with 8000 Boeing aircraft flying in China. Boeing competes with Canada and Europe for this business. They have been able to successfully compete despite the tax code, wages, energy, international tariffs and US wages.
Boeing projects China will demand 6,330 new aircraft going forward valued at $1 Trillion and intends to compete with Canada and Europe for this new business.
You want to impose a tariff on imports from China? It works two ways. Boeing could not survive without the ability to export to China.
Double taxation of US corporate profits is a myth. The foreign tax credit protects against double taxation. This is not to say that incremental taxes may be owed due to differences in tax rate between the US and other countries.
The primary reason why a US corporation would seek to repatriate profits is to increase shareholder value with stock buybacks and dividends, not investment in growth and job creation. The temporary tax amnesty enacted in the Bush Admin did not achieve the desired goals of job creation
The US Fortune 500 hires US people when the business demands doing so, nothing to do with taxes. The quest for increased productivity never ends. Technology substitution, Lean Management Strategies and Globalization has and will continue to impact global employment.
It's certainly not unique to the US.
Last edited by middle-aged mom; 02-14-2016 at 09:58 AM..
Leveling the playing field. Match our trading partners tariffs and non-tariff barriers. http://democrats.waysandmeans.house....-by-side_0.pdf
This is an example of how Japan protects their own interests. Our position should mirror theirs.
Very eminent economists, and those of us on CD who are significantly less educated, argue about the net effect of inexpensive foreign imports and immigration on the American job market.
But, for someone living in an Indiana town where their employer is shutting down two factories and moving the skilled, well paying manufacturing jobs to Mexico, or for a carpenter who has watched a general contractor hire illegal immigrants because they are cheaper, anger and frustration is a rational response.
Do all Americans aspire to be bartenders and waiters?
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