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Old 04-12-25, 03:46 PM   #12791
Dargo
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In their determination, the geriatric Trump and his advisers are ignoring the current economic development of intensive global cooperation in production and logistics chains to produce the best quality product for the consumer at the lowest price. Here, the labour cost factor in particular plays an important role in the question of which countries are best to source components from in order to make the final product efficiently and cheaply. Producing a final product is mostly assembling numerous parts from different suppliers into a final product. Workers' wages are high in the US compared to Asian producing countries. The Trump administration is pushing high with the announced import tariffs on foreign products. Indeed, there is little chance that those import tariffs will move mass producers to produce in the US. For labour-intensive production, wages are too high and innovation cannot completely neutralise that problem either.

So the wait is for fierce protests from US consumers against the rising consumer prices of foreign products that US consumers have also become addicted to, such as the American-origin iPhone. There are also plenty of unique products from abroad in the commodities and semifinished goods industry that US consumers or industries cannot live without. The world's pre-MAGA economic order cannot be bent to the will of one world leader just because it wants to. Economic laws have no boundaries in the world that must be respected because one president wants it that way. The US has a strong economic dominance, but it is certainly not an untouchable monopolist.
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Last edited by Dargo; 04-12-25 at 04:17 PM.
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