Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Of course if tariffs continue long term, manufacturing will move to countries that are not facing tariffs.
Watching the actual interview, Kudlow admitted that the tariffs will be paid,not by China, but by American businesses and consumers. He changed his tune to say that both sides will suffer; not both sides will pay.
Chinese products will be more expensive to cover the cost of tariffs. Fact
also fact is this will then make it more profitable to manufacture here v.s over there. In other words it levels the playing field.
.
Nope. Itll just make it cheaper to manufacture somewhere else. FYI, there are more than two countries to manufacture in.
Vietnam will probably a be bigger beneficiary than the US, but us consumers will ultimately pay the higher price for all kinds of goods that directly or are indirectly involve China in the manufacturing chain.
Everything will be made in India in a couple of years. India will be the new China. No big changes to U.S.manufacturing are going to occur. iPhones will not be made in California. We'll just have another low-cost country make our stuff.
This is true so for those who support Tariffs, what exactly is the point? This isnt going to cause a business to move back onshore. It's not going to cause American businesses to be more competitive. It's simply going to move the pieces.
You want to make a difference? Enact a 90% tax on profits made off shore. Chinese companies will still have an advantage in one area but that is the "free market", no?
You will never convince me that we can't make a plastic woman's shoe profitably here for $40. Some might even go along with corporate tax breaks for manufacturing here as opposed to sending it off to China.
That's not what he said.
Fake news. If there were no cost to China, then China would not care.
China clearly does not care enough, because they didn’t make a deal with the Scrooge’s of the orange con man. I wouldn’t make a deal with the orange idiot either.
Absolutely correct. That is why raising the minimum wage just raises the cost to consumer. The same is true of raising taxes on business.
Chinese products will be more expensive to cover the cost of tariffs. Fact
also fact is this will then make it more profitable to manufacture here v.s over there. In other words it levels the playing field.
China is at best the worst possible trading partner anyone can be stuck with and at worst they do their best to destroy everyone elses manufacturing capability. Chinese make junk. They own the stereotype which is very true.
Even here in Asia everyone believes that the Chinese made products are garbage. Made in Japan stores are everywhere in the country I live in.
Except there are no manufacturers ‘Here’ to take over. Those buck tooth West Virginians with 4th grade education level trump supporters are not adequate......
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
