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re: Why is the west melting over Chinese "overproduction"?

Posted on 5/7/24 at 1:29 pm to
Posted by Rip Torner
Member since Jul 2023
1070 posts
Posted on 5/7/24 at 1:29 pm to
Tariffs are SOMETIMES necessary unfortunately not every nation plays by the same rules. In theory it sounds great to say that the market would ultimately correct any issues created by being flooded by cheap products but market corrections can take decades. Our issues with China didn’t begin with cheap steel and they predate idiotic trade deals negotiated by both parties over the last couple of decades. We no longer have the manufacturing infrastructure to compete with China or even India for certain goods like steel that we used to produce in great quantities. In theory we shouldn’t need tariffs and we wouldn’t had it not been for poor policies instituted by the US government but the US has to or US steel will be nonexistent.
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