Does America really *need* to "compete in a global marketplace"?
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What would happen if the U.S. charged a hefty premium tax on any "international" company who imports here...would their products or products from China be priced lower then? No.
So our standard of living would plummet, since everything foreign that we consume would become more expensive.
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Sure, these other countries will levy a tax on our imports, too, but the way I see it, this global trade has become a nightmare. **** it, no more global marketplace!
Ok.
-So no more aluminum products, since we don't have any bauxite.
-Since we don't have any zinc, no more brass, or rustproof/galvanized metal of any sort, no more batteries, no more paint, no more rubber
-Since we don't have enough oil, transportation will become expensive. The price of all goods, especially food will rise. We would likely see starvation.
Who knows what will happen without access to manganese, mica, strontium, chromium, diamond, tungsten, nickel, cobalt, etc. - I don't know what half these things do, but our industries import them for some reason.
If it didn't cause our entire country to collapse, then we'd just see a slow stagnant decline until we figured out it wasn't working.
You can't answer this question with a simple yes or no. Like everything else in life, the best answer is "everything in moderation".
We need to import certain foods and raw materials for industry, but we can pay for a lot of those materials with food, lumber, coal, steel and other raw materials that we are able to export.
We don't need to import toasters, socks, televisions, refrigerators, and cars.
We don't need to import toasters, socks, televisions, refrigerators, and cars.
No but the cost of these goods (and most others) would rise dramatically if these items had to be manufactured in the US. Standard of living would fall overnight
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Originally Posted by sterlinggirl
We need to import certain foods and raw materials for industry, but we can pay for a lot of those materials with food, lumber, coal, steel and other raw materials that we are able to export.
What makes you think other countries would be willing to keep their markets open for American goods if the US closed its market to theirs?
This whole thread seems to have the undertones of trying to present the US as a 'victim' of globalisation (a theme common to America these days, everyone wants to make out they are a victim) when the reality is the US has been a huge beneficiary of globalisation.
Some of you calling for the borders to be closed need to stop whining and ranting and educate yourself on international economics, I suggest starting at comparative and absolute advantage.
the cost of goods are going to rise anyhow for americans because inflation is coming. we exported too many jobs and now we don't have enough of a stable manufacturing base so we have to borrow or print money, and printing money causes inflation.
No but the cost of these goods (and most others) would rise dramatically if these items had to be manufactured in the US. Standard of living would fall overnight
What makes you think other countries would be willing to keep their markets open for American goods if the US closed its market to theirs?
This whole thread seems to have the undertones of trying to present the US as a 'victim' of globalisation (a theme common to America these days, everyone wants to make out they are a victim) when the reality is the US has been a huge beneficiary of globalisation.
Some of you calling for the borders to be closed need to stop whining and ranting and educate yourself on international economics, I suggest starting at comparative and absolute advantage.
i suggest that you look at it from the american perspective, where america imports more than it exports so overall who is free trade actually helping more?
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $123.6 billion and imports of $151.2 billion resulted in a goods and services deficit of $27.6 billion, up from $26.1 billion in February, revised.
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