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Slapping a massive border tax/tax on American consumers is a very unreasonable. Especially bad since people seems to have this idea that America is the only true market that counts and believe trade wars are good for the American people. Its terrible. Less than 2% of China's economic output is exports to America. Asia is China's biggest market. And China's domestic market is gigantic. People have this idea that China will collapse in a trade war and Trump supporters will man the factories in rural America again. It doesnt work that way. What will happen is that US automakers will be shut out of the biggest and most important car market in the world by far. Who suffers then? The midwest.
Well, managed trade is not free trade. First, define massive, what is a "massive" border/tax?
Secondly, why don't you ask the Chinese why luxury cars sold in China are so expensive?
The major driver for high car price is taxation, namely 25% customs duty, 17% VAT and between 1% to 40% consumption tax depending on the displacement capacity of the car.
It does stink when the US looses a factory to Mexico but at least we get some benefits: fewer people trying to enter from the Southern border and a more affluent / stable Mexico. There is no benefit when a factory moves to China. Mexico also looses jobs to China. Maybe time for a NAFTA vs China trade war?
Trump may destroy NAFTA and Mexico may have a trade agreement with China
Well, managed trade is not free trade. First, define massive, what is a "massive" border/tax?
Secondly, why don't you ask the Chinese why luxury cars sold in China are so expensive?
The major driver for high car price is taxation, namely 25% customs duty, 17% VAT and between 1% to 40% consumption tax depending on the displacement capacity of the car.
yes- b/c anytime out chief military and economic rival can get a foothold and sphere of influence on our Southern border we should def encourage that.....do you people really not see this???
Never said they were the same. My post has nothing to do with Mexico, by the way.
Each country has the right to look out for their own interests, nothing wrong with it.
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