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re: Trump's section 301 tariffs were successful. The data proves it.
Posted on 3/11/24 at 9:12 am to frogtown
Posted on 3/11/24 at 9:12 am to frogtown
quote:
Tariffs prop up inefficient producers. They will make products more expensive to consumers. They lower your standard of living. They are central planning 101 and give the govenment the ability to pick "winners and losers" like Trump did in China. Trump vowed to put tariffs on all Chinese imports then proceeded to do a nice "carve out" for Apple's iPhone which didn't see the tariffs.
How do we combat state owned businesses in China? Subsidize our businesses or take ownership of said businesses like China?
BTW, Apple has diversified there manufacturing base by moving more manufacturing out of China and into India, which is smart.
2
Posted on 3/11/24 at 9:15 am to GumboPot
quote:
How do we combat state owned businesses in China?
they were already leaving. Chinese labor costs more than countries like Mexico and the bureaucracy has turned against some businesses in China.
Chinas success put them in jeopardy of losing low level mfg to countries with lower labor costs and less bureaucratic instability.
Posted on 3/11/24 at 9:17 am to GumboPot
quote:
How do we combat state owned businesses in China?
I really don't care about China.
I am against Trump's use of "universal basic tariffs" which would put tariffs on all imports. It is absolutely one of the stupidiest ideas I have ever heard.
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