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Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. Tariffs also reduce efficiencies by allowing companies that would not exist in a more competitive market to remain open.
When both manufacturers are competing on an even playing field you have a point. Chinese manufacturers are operating with state sanctioned subsidies/monopolistic practices. There is lack of labor laws, lack of environmental laws*, IP theft and other things like holding up shipment of food at the dock so it rots.
*You are liberal, yes? It is highly hypocritical tom to expect US industries to have to operate within the labor and environmental laws here and then support Chinese companies stomping all over workers rights and pollution the environment to the degree they do. How can you possibly coalesce those two positions?
Would you really expect this admin to do anything at all to improve the environment? They are determined to set the US as far back as possible so that we will have to play catch-up with the world when it turns out the regressive policies aren't going to help the US compete. This whole protectionism thing is futile. It's been tried before--by Hoover.
Please be serious!
Obama ran with a slogan of "Forward." He set us backward in many areas. Now Trump is reversing the trend and making us competitive once again. There is no reason why we should accept the premise that we cannot compete with foreign imports.
We are a net exporter of coal, whereas 80% of solar panels are imported.
Which is why the US is falling behind other countries. We are obsessed with protecting a dying industry and outdated fuel source like coal while the rest of the world kicks our butt in the development of new technology that will be used going forward. Clinging to some romanticized version of America's past is holding us back bigtime.
No matter how many American's insist that we try to hold back time and halt progress, the move away from fossil fuels will happen with or without the US. We are ceding our leadership position to other countries for silly partisan political gains and to payoff donors like the Kochs.
Which is why the US is falling behind other countries. We are obsessed with protecting a dying industry and outdated fuel source like coal while the rest of the world kicks our butt in the development of new technology that will be used going forward. Clinging to some romanticized version of America's past is holding us back bigtime.
No matter how many American's insist that we try to hold back time and halt progress, the move away from fossil fuels will happen with or without the US. We are ceding our leadership position to other countries for silly partisan political gains and to payoff donors like the Kochs.
A decade ago there was an emerging solar manufacturing industry in this country bolstered by massive subsidies. Those massive subsidies are now effectively subsidizing Chinese manufactures. The loss of this industry because of unfair trade practices came under Obama's watch.
Are you a Communist living in the US? Or just another Trump Hater that has nothing else to come back with. I am a US Citizen. Immigrated the right way, not by jumping a fence, which is your idea of Immigration.
Location: New Albany, Indiana (Greater Louisville)
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There are individual things Trump does I can support but he is dead wrong on trade. Free trade, while there are some losers, is a slam dunk net positive for all involved.
We are a net exporter of coal, whereas 80% of solar panels are imported.
what is your point? Is it that you think US pork farmers don't matter? or maybe you think China tanking our economy would be a good thing....
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