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re: Can someone explain or fact check this tariff related tweet?
Posted on 4/3/25 at 4:12 pm to CastleBravo
Posted on 4/3/25 at 4:12 pm to CastleBravo
For the sake of discussion as well, moving production here will reduce transportation costs, which can offset some of those additional costs from labor rate increases.
Not saying it’s a wash, but there are cost reductions that would go into this as well, it’s not all negatives.
Not saying it’s a wash, but there are cost reductions that would go into this as well, it’s not all negatives.
0
Posted on 4/3/25 at 4:16 pm to jacobforpresident
quote:
That's not what tariffs on cars from Mexico and Canada do. That is not what a 32% tariff on Swiss watches does.
Sounds like we might want the new car plants and manufacturing to be done here? Car plants that can be made into tank/armored vehicle factories seem like they would be good to have.
Swiss watches? The people buying those enjoy flaunting paying extra for luxury items. Can not see a negative impact on that one really.
Posted on 4/3/25 at 5:04 pm to CastleBravo
quote:
Sounds like we might want the new car plants and manufacturing to be done here? Car plants that can be made into tank/armored vehicle factories seem like they would be good to have. Swiss watches? The people buying those enjoy flaunting paying extra for luxury items. Can not see a negative impact on that one really.
Central planners gon eat
Posted on 4/3/25 at 5:29 pm to CastleBravo
quote:
Sounds like we might want the new car plants and manufacturing to be done here?
No.
That’s the entire point.
It’s much more expensive to do it here vs over there.
It’s like y’all think all the CEOs of manufacturing companies woke up one morning in 1970 and said “Hey, just for shits and giggles, let’s spend decades moving large chunks of our operations to some third world shitholes.”
They did it because it’s more efficient that way. The bottom line price of the goods goes down. Obviously it’s not strictly better for everyone, the people who lost their manufacturing jobs to outsourcing and couldn’t adapt to the new economy would rather have their old job and pay more for goods. But the rest of America benefited, including some of the workers who initially lost their jobs but were able to find new work.
Plus, “bringing them back” isn’t as simple as creating the jobs here (which is a huge endeavor itself that I’m glossing over). You need workers for them. We have worker shortages as it is, and we’re also sharply tightening immigration, so there won’t be any quick fixes to labor shortages. We would be pulling people from other jobs to have them build stuff at a huge premium compared to the status quo.
I don’t like Trump, but I’m careful to acknowledge where there are legitimate tradeoffs and differing value judgments and not just bash because I personally dislike one of multiple plausible solutions to an issue.
This is not one of those times. It’s complete economic illiteracy.
Posted on 4/3/25 at 5:38 pm to CastleBravo
Because the US economy is a house of cards that everyone benefits from, and all need it to stay up to keep kicking this can down the road. Trade is not about fair trade, It’s just as much about diplomacy. Trading with these countries is like you trading with your child $5 to unload the dishwasher, when you know they are going to give you the money back to buy a happy meal. We are on totally different playing fields and tariffs should not be equal, Because we are the reserve currency are able to print money and have the upper hand.
Decreasing trade deficit/ Increasing domestic manufacturing causes foreign entities to depend less on the United States and that decrease the confidence in the US dollar, that makes interest rates go up to attract people to buy US treasuries, this makes the debt that we owed to all those foreign countries that much more expensive to pay, and ultimately hurts the little man. This shite is so convoluted, and circular.
Every move has 3 to 4 counteractive effects.
We are a global economy, and if we fail, everyone fails.
Decreasing trade deficit/ Increasing domestic manufacturing causes foreign entities to depend less on the United States and that decrease the confidence in the US dollar, that makes interest rates go up to attract people to buy US treasuries, this makes the debt that we owed to all those foreign countries that much more expensive to pay, and ultimately hurts the little man. This shite is so convoluted, and circular.
Every move has 3 to 4 counteractive effects.
We are a global economy, and if we fail, everyone fails.
Posted on 4/3/25 at 7:23 pm to CastleBravo
Dismantling our manufacturing relationship with Canada is more likely to negatively impact our security position than improve it.
Re:watches, just proves there is no real strategy here. There is no American luxury watch industry to protect.
Re:watches, just proves there is no real strategy here. There is no American luxury watch industry to protect.
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