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Posted on 4/3/25 at 12:34 pm to notsince98
quote:
And what about removing regulations and taxes that make it expensive to make in the USA?
MAYBE, but that's a completely different discussion.
quote:
Plenty of things are finding ways to be manufactured in the USA affordably. Look at cars.
The manufacturing we lost was of lower value than this.
We're still the world's #2 manufacturing nation, behind only China. I think most MAGA thinks we're outside the top 25 or something.
Posted on 4/3/25 at 12:38 pm to GoCrazyAuburn
quote:
So, in your opinion, why have the tariffs worked (or not worked) for the other countries around the world?
Google Smoot-Hawley and get back to us.
A tariff's intended use is to fine-tune particular sectors within your domestic economy to give them a leg up against foreign competition. IE..say we have a glut of corn here in the US. There may be a slight tariff applied to corn imports in order to allow American farmers to sell their corn domestically without having to drop their prices to the point of losing money.
The last global trade war we had worsened the Depression and sure as shite put Germany in such an economic rut, coming out of WWI, that many argue tariffs led directly to the Nazification of Germany and the tragedy that was WWII.
This post was edited on 4/3/25 at 12:39 pm
Posted on 4/3/25 at 12:53 pm to SlowFlowPro
The countries that can afford our goods can also afford to seek new trade partners. Half of our exports go to only five countries: Canada, Mexico, China, the UK, and Japan (in that order, with Canada and Mexico being the largest by far).
One of those countries (Canada) is now boycotting American staple goods, and three of them (Canada, Mexico, China) had already started to seek new trade deals before yesterday. Expect their efforts to deepen.
It is quite possible that Trump has just knee-capped American exporters long term.
One of those countries (Canada) is now boycotting American staple goods, and three of them (Canada, Mexico, China) had already started to seek new trade deals before yesterday. Expect their efforts to deepen.
It is quite possible that Trump has just knee-capped American exporters long term.
Posted on 4/3/25 at 12:55 pm to mmmmmbeeer
quote:
Google Smoot-Hawley and get back to us.
I'm very aware of it. Not really an answer to the question I asked though.
Posted on 4/3/25 at 1:08 pm to GoCrazyAuburn
Make that four of five.
Japan--the fifth largest importer of American goods--is now seeking to form a trading block with China and South Korea.
LINK
Japan--the fifth largest importer of American goods--is now seeking to form a trading block with China and South Korea.
LINK
Posted on 4/3/25 at 1:24 pm to TxTiger82
The EU-China-SK-Japan-Russia conglomerate would be an issue, if they could put aside other differences.
Poor Ukraine would likely get sacrificed for that
Poor Ukraine would likely get sacrificed for that
Posted on 4/3/25 at 1:28 pm to dcw7g
We are at a moment in history when advanced manufacturing is switching to robotics. If we incentivize businesses to build the next generation of plants that are 80% robotics and 20% human supervision then the US can capitalize on this paradigm shift for the next 30 years. I don’t think we ever bring back making cheap plastic shite mainly because of environmental laws here but we can definitely recapture higher end manufacturing if we want. Robots cost the same here or in China. I’d rather things we need be made here.
Posted on 4/3/25 at 1:49 pm to SlowFlowPro
quote:
The EU-China-SK-Japan-Russia conglomerate would be an issue, if they could put aside other differences.
Poor Ukraine would likely get sacrificed for that
Spot on. The EU will buy more from China, and they will both find it necessary to establish more secure overland routes. Ukraine will be sacrificed, Russia will be appeased, the Silk Roads will be renewed, and the US will have little to do with any of it.
ETA: Of course, Europe will come to this conclusion reluctantly, and they will try moving goods through Turkey first. The problem is the Southern Silk Road through Iran and Iraq is ... well ... not the friendliest route. So Europe will need Russia in the end -- at least that's the way I see it.
Most relevant to this discussion -- I'm not seeing how the US factors into this equation other than generally pulling back and saying "have at it," which obviously shrinks our exports and our economy and makes our world smaller and more expensive.
This post was edited on 4/3/25 at 1:53 pm
Posted on 4/3/25 at 1:52 pm to Boss
quote:
Maybe, but people on poli talk think that millions of Americans will go back to manufacturing jobs.
Back in Huntsville Toyota/Mazda built a car assembly plant with starting pay close to 30/hr.
It took them 4 years to find enough people to fill 4k jobs. Nobody wanted to work there
Posted on 4/3/25 at 1:54 pm to Shepherd88
quote:
There’s 500k open positions currently to fill manufacturing jobs.
There’s 100k ALONE in the nuclear submarine field looking to be filled, and can’t be filled bc we don’t have the manpower or willingness to do so.
Can anyone cite evidence for this?
*ETA: Not that I don't believe it. I just want the citation to be able to post.
This post was edited on 4/3/25 at 2:08 pm
Posted on 4/3/25 at 2:05 pm to GoCrazyAuburn
quote:
General question here: What do you think would happen to US goods on the foreign markets if they get a 25% price reduction?
Wouldn't that depend on the market sector? I would think the answer would be different depending on if you're talking about agricultural products, petrochemical products, heavy machinery or financial services. Aren't financial services still one our biggest exports? Who's buying those products?
Posted on 4/3/25 at 2:10 pm to SlowFlowPro
I did a fun search on indeed for manurfacturing jobs starting at 45k+. Atlanta had over 2,000, LA 7,000, New Orleans over 1000, Mobile, AL over 600, St. Louis 2000, Cincinnati 6,000, Pittsburgh 4,000, Lexington 3,000.
I bet that number is close.
I bet that number is close.
Posted on 4/3/25 at 2:11 pm to dcw7g
quote:
Will tariffs really increase domestic manufacturing?
It might but i doubt it will be the type of jobs bonanza that people think it will be. It will be very advanced, high tech, and automated.
Posted on 4/3/25 at 2:17 pm to Ten Bears
Yea someone posted in one of these threads that back in the US manufacturing golden era, a car plant would mean tens of thousands of jobs.
Hyundai is building a massive EV plant in the US and the projected jobs are only 8,500.
Hyundai is building a massive EV plant in the US and the projected jobs are only 8,500.
Posted on 4/3/25 at 2:22 pm to Harry Boutte
quote:
Wouldn't that depend on the market sector?
No, not really, unless there is a market you are aware of that reducing prices decreases demand.
Now, the degree to which that decrease impacts a market will vary, but the answer as to my question is not dependent on the market sector.
Posted on 4/3/25 at 2:22 pm to SlowFlowPro
Mike Rowe posted about it earlier in March and discussed it in an interview. You can probably scourge his post and find some citation.
Posted on 4/3/25 at 2:24 pm to Drizzt
quote:
I don’t think we ever bring back making cheap plastic shite mainly because of environmental laws here
Not a bad thing. Do we want smog cities like China and India had/have? People bitch about regulations, but clean air, water, etc is not just some silly left wing thing.
quote:
we can definitely recapture higher end manufacturing if we want. Robots cost the same here or in China. I’d rather things we need be made here.
Don't think anyone would disagree with that, but the idea being sold is all the jobs that manufacturing would bring back, which is just not true given the level of automation that would be used.
Posted on 4/3/25 at 2:44 pm to GoCrazyAuburn
quote:
No, not really, unless there is a market you are aware of that reducing prices decreases demand.
Perhaps when there's no demand for our export product. Like trying to sell wheat to a major wheat-exporting country, or trying to sell financial services to third world countries, or energy to OPEC nations. These countries may never buy our export products in these markets no matter how low the price. IT seems that a more targeted approach to tariffs would be better, but then that would take more deliberation than this administration seems willing to do.
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