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Sounds good to me. I’ll gladly pay a few bucks more for a Salad Shooter if it means that we make it here rather than in China.
Read the quote above. Walmart executive clearly stated they will try to source it from "other countries". I guess one of those might be USA, but all Trump has accomplished is to raise prices to the US Consumer, and to potentially move some of our trade deficit from China to some other countries. If Trump knows one thing, it's about deficit spending....
It was all fun and games until it hits WallyWorld. Shake it off, you can cover the added costs with all that cash you're saving from Trump's tax cuts, right? Right?
If Clinton, Bush, and Obama has done their jobs, Trump would not be faced with this.
Your contention is like blaming the fireman for putting out the fire.
Read the quote above. Walmart executive clearly stated they will try to source it from "other countries". I guess one of those might be USA, but all Trump has accomplished is to raise prices to the US Consumer, and to potentially move some of our trade deficit from China to some other countries. If Trump knows one thing, it's about deficit spending....
Quote:
Originally Posted by TEPLimey
You are not protecting American workers by levying tariffs against China. You are shifting manufacturing jobs to low-wage countries other than China while hurting American workers who export to China.
Then we need to have tariffs on all low-wage countries. Simple.
American workers don’t export much to China. We have a massive trade deficit with China.
Then we need to have tariffs on all low-wage countries. Simple.
American workers don’t export much to China. You may have noticed our massive trade deficit with China?
Should we do that, the cost of American consumer goods will soar and US exports will be subjected to retaliatory tariffs, thus destroying the market for huge amounts of American goods worldwide. Meanwhile, while our global economic influence declines, China will vastly increase its soft power globally and shape international trade in its own interests to the exclusion and detriment of America. I would say its a lose-lose, but its actually a lose-lose-lose for America.
We've tried anti-competitive protectionism before. It doesn't work.
Read the quote above. Walmart executive clearly stated they will try to source it from "other countries". I guess one of those might be USA, but all Trump has accomplished is to raise prices to the US Consumer, and to potentially move some of our trade deficit from China to some other countries. If Trump knows one thing, it's about deficit spending....
Exactly. The word "try" means a whole lot of nothing. Think about all the people who are trying to quit smoking or trying to find a job.
If we need government intervention to make certain industries competitive then we probably should not be trying to compete in those industries - any advances made that are propped up purely by the government artificially inflating the price of competitive goods are built entirely on quicksand. You will end up with entire market sectors that will simply collapse on the type of minor political policy changes that are constantly in flux from year to year. And in the mean time, you will pay more for pretty much everything - not just foreign goods but American goods as well.
You are aware that doing this would require severe relaxation of our environmental laws.
Exactly. The word "try" means a whole lot of nothing. Think about all the people who are trying to quit smoking or trying to find a job.
I wouldn't under estimate Walmart's ability to suss out a supplier in some backwater place to save a few pennies on their acquisition costs. It's pretty much what their entire empire was built upon.
Should we do that, the cost of American consumer goods will soar and US exports will be subjected to retaliatory tariffs, thus destroying the market for huge amounts of American goods worldwide.
Do we have a trade surplus with most low wage nations? If not, then why is it a problem if we lose those markets? Are third world countries really buying lots of our Chevy’s and Fords?
Quote:
Originally Posted by TEPLimey
Meanwhile, while our global economic influence declines, China will vastly increase its soft power globally and shape international trade in its own interests to the exclusion and detriment of America. I would say its a lose-lose, but its actually a lose-lose-lose for America.
China is already doing this, and we are playing into their hands with our existing trade policies.
Quote:
Originally Posted by TEPLimey
We've tried anti-competitive protectionism before. It doesn't work.
Protectionism works amazingly well. How do you think that Western Europe and America became dominant in the first place? They didn’t do it with “free trade,” they did it with ruthless mercantilism. Now China is playing the same game, and we have been playing into their hands for two decades.
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