Cthepack said:
Come on Hokie. You are being obtuse. Make it in the US, source it in the US, no tariff impact. Not at all hard to understand.
I am not defending anyone but the largest economy by far can try some of these things and see how it goes. So far not much has changed.
I know exactly how its going to go, it's not going to work, a cast system will be created where advanced products will only be affordable to the wealthy in this country because you are dismantling the consumer benefit that supply chains that are working just dandy have created, which for some reason we would like to destroy.
What's that reason? Well, I guess what we want to do is to lower the demand for advanced products so the good paying white collar jobs that everyone who works them are happy with and exchange them for blue collar jobs where they are manufactured in the US when most Americans prefer the current and US manufacturing is already having trouble recruiting manufacturing jobs.
So here we have one man, on his whims, dictating how and where Americans should work, without really understanding the consequences of those actions.
You are being obtuse. You CANNOT source everything in the US and make everything in the US. It is just not possible. Chip manufacturing, there is proprietary equipment that can only be made in Europe, which can NEVER be manufactured in the US.
You combine that with the decision to not make any changes to the immigration system so that people can come work here
LEAGALLY (Please notice I said legally) because we do not have the labor force to even attempt to do what is being proposed to do.
The parts of a car already go through dozens of tariff exchanges between Canada, US and Mexico, and all that does is add to the price of all vehicles. Wouldn't the smart thing to do is to sit down with those countries and figure out how to eliminate those tariffs instead of jacking them up to ludicrous amounts?
Finally, what manufacturing in the US needs to be repatriated? No one has ever answered that question. If the answer is some nostalgic manufacturing stuff, that's never coming back to the US. NEVER. All this is going to do is raise prices indefinitely for everything that has a component manufactured abroad, and allow anything manufactured in the US that is competition to raise their prices too (i.e. Steel, Aluminum, Copper).
So no, I'm not for waking up every day and seeing policies changed based on non-sound economic principles. Trade is not a zero sum game. If I go to the grocery store and pay money for my groceries, is the grocery store ripping me off? Or am I getting a benefit from that trade deficit?
Trump doesn't understand trade at all, and it's causing harm to our county and free people everywhere. He will be the reason the economy is being held back from higher GDP growth, which BTW he needs to not create a debt crisis in this country, which we will have soon.