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A lot of manufacturing is simply too expensive in the US, and you simply cannot reduce the costs down to a level that would allow industries to become competitive. You'd either have to dramatically curtail wages or to put much, much higher tariffs into effect - which would result in enormous price increasess. Imagine a plastic object made in China which is being sold in the US for $2. Production costs will be much lower of course, but for the sake of the argument let's say that production costs $1. Producing the same object in the US costs much more than the selling price of the Chinese product. To bring in revenue you'd have to sell this object for something like $6.50 (and this is a common example, by the way, and goes especially for objects made of common plastics - my number is actually below the lowest estimate). To make a US produced object made of plastics you'd either have do implement drastic tariffs, far higher than what Trump has currently proposed, so that the Chinese product can only be sold for prices >$6.50, or you'd have to dramatically curtail costs to allow the American product being produced for <$1. That's without considering that the necessary industry simply doesn't exist in the USA. So, about your last statement: will it be better? For the consumer/Average Joe it won't. He'll be either paid much worse or he'll have to pay much higher prices. |
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I'm sorry, but it does not. Not even for agriculture - the most lucrative part of American agriculture is the export sector. |
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Hmmmm...wonder why Trump has targeted these three countries? |
Trump imposes tariffs on uninhabited islands near Antarctica :haha: :har:
A group of barren, uninhabited volcanic islands near Antarctica, covered in glaciers and home to penguins, have been swept up in Donald Trump’s trade war, as the US president hit them with a 10% tariff on goods. Heard Island and McDonald Islands, which form an external territory of Australia, are among the remotest places on Earth, accessible only via a two-week boat voyage from Perth on Australia’s west coast. They are completely uninhabited, with the last visit from people believed to be nearly 10 years ago. The Australian prime minister, Anthony Albanese, said on Thursday: “Nowhere on Earth is safe.” :) https://www.theguardian.com/us-news/...donald-islands |
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Because it's enough to distract people like you? Your tariffs don't affect your exports. Other countries' tariffs affect your exports. And, surprise: Canada, Mexico and China have, as reaction to Trumps tariffs, either already targeted agriculture exports or will do so soon. |
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My favorite advertising I see often, "Made in America" from parts from another country. |
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Yikes, haven't you been reading what I wrote? The numbers Trump presented are NOT tariffs! The percentages given are the amount of the trade deficit divided by the total amount of trade. The US does NOT have a trade deficit because of tariffs! The US have a trade deficit because it's CHEAPER to import than to produce at home. Quote:
Frankly, I'd say that I understand FAR more of the big picture than you do. Quote:
As I said repeatedly: that is NOT going to happen beyond a very small number of very small cases. You cannot go as low with wages or as high with prices to make this happen. Quote:
And again: "Made in the USA" means that the product is assembled in the USA - it does not mean the parts come from the USA. You can put "Made in America" on a product even if ALL it's parts have been imported. |
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https://www.swissinfo.ch/eng/volvo-v...riffs/89109183 Markus |
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I haven't heard of these specific tools, but I understand your general idea and can even follow that one. Quite often the slogan "buy cheap, buy twice" is correct, and there's no point arguing about. But just because a product is more expensive it does not mean that it is of (much) higher quality - and it also does not mean that it only contains parts made in the US. Oh, and of course there are also crappy US American products, just as there are high quality Chinese products. |
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There are much more crappy items from China than USA. Then again, it makes sense because China makes all of the junk that is shipped to the USA. Now we have come full circle. Bring manufacturing back to America. Provide work for Americans. Grow the economy locally. Enough time has been spent growing every other countries economy. |
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You have to look long and hard for finished goods that are "made in America" . Manufacturing left the U.S. in the 70's & 80's, Trump want's to bring it back. |
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