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Started By
Message
re: Will tariffs really increase domestic manufacturing?
Posted on 4/3/25 at 9:51 pm to LatinTiger30
Posted on 4/3/25 at 9:51 pm to LatinTiger30
quote:
manufacturing work has become a national security issue. There is a major war coming whether you agree or not and we're gonna need the infrastructure and manpower to build weapons, process foods, and medicines for the war effort. COVID exposed our vulnerabilities. Hopefully, no war comes but we must alway be ready.
So you are saying the tariffs are here to protect us from the upcoming war...
Ok
0
Posted on 4/3/25 at 11:02 pm to notsince98
quote:
This is complete baloney. The Midwest from Ohio to colorado and from north border to the southern border is full of perfect manufacturing workers that are citizens in areas where land is cheap and wages are very low.
Just need to get them off the government cheese and meth.
Millions of available workers.
Posted on 4/4/25 at 12:08 am to notsince98
quote:
where land is cheap and wages are very low.
Compared to other places in America? Sure
Compared to places in China/Africa/South Asia?
Not even close.
Posted on 4/4/25 at 1:01 am to SlowFlowPro
I don’t think you know what the word infrastructure means.
Posted on 4/4/25 at 7:01 am to GoCrazyAuburn
quote:
Maybe you are conflating my answer to the OP’s question with an opinion on if this strategy will work, ultimately?
I guess you’ll have to forgive me for thinking that the 5 pages of arguing about the principle might be an indication of your opinion on the matter.
quote:
The baseline for those countries is absolutely not “no tariffs”.
OK sure, the baseline isn’t literally “no tariffs.”
I should have said the baseline is “among the lowest in the world when it comes to our trading partners.” Or “roughly net zero when you consider the tariffs we have also imposed on their exports under NAFTA and USMCA.”
Posted on 4/4/25 at 7:24 am to dcw7g
If people are okay with buying things at higher costs then manufacturing will certainly pick up
Posted on 4/4/25 at 7:50 am to dcw7g
quote:Wasnt that the point?
Will tariffs really increase domestic manufacturing?
If Trump fails what he has started then he shitcans America so Republicans might as well back him and ensure he doesnt fail.
Posted on 4/4/25 at 8:34 am to jangalang
By this time next year lots of people currently working cushy email jobs on Poydras St will be hauling pickaxes to the salt domes. Frankly most of us deserve it
Posted on 4/4/25 at 9:08 am to lostinbr
quote:
I guess you’ll have to forgive me for thinking that the 5 pages of arguing about the principle might be an indication of your opinion on the matter.
Well, there are a million factors that go into whether the strategy will ultimately work. The principle of the strategy has worked to varying degrees for other countries over the last few decades. In a thread about the general theory and goal fo all this, I don't see why that can't be discussed without a presumption of being on a certain side, this isn't the PT board
. The rest of the bickering in this thread largely was responding to criticisms that lacked any basic econcomic understanding. I also said somewhere in this thread: quote:
Will it work? Don't know. It is a risky gamble for sure..
If you want my personal opinion, I think it will ultiamtely get the other countries to lower or eliminate their tariffs once their posturing is done. I don't think it will ultimately cause some insane shift in manufacturing, but as has been seen already, I think there will be some that gets moved back here, for certain sectors.
quote:
I should have said the baseline is “among the lowest in the world when it comes to our trading partners.” Or “roughly net zero when you consider the tariffs we have also imposed on their exports under NAFTA and USMCA.”
Guess we are just going to have to disagree on this one. They were not close to net zero.
This post was edited on 4/4/25 at 9:31 am
Posted on 4/4/25 at 2:40 pm to dcw7g
the end goal is zero tariffs.....will that happen? I think so, but will take a while.
Posted on 4/4/25 at 4:29 pm to dcw7g
Well lets put it this way: Manufacturing better return or this nation is doomed. The simple fact is for our own national security and economic security is imperative for the U.S. to be able to produce products of national importance.
I am not talking t-shirts from Vietnam, but right now our military is increasingly having to rely on chips and other components from China or from countries that would require long supply lines in war that would need to be defended. Another example is the Chinese dominate civilian drone industry which is another bad sign for the future of this country.
Then we also have a massive national debt problem. Here are your options:
1. Raise domestic taxes to some ungodly amount, and keep spending down or levelled off. Some kind of European style austerity horror show.
2. Get rid of most entitlements, cut the military to pre-WWII levels or more, and raise Social Security age and possibly even reduce it. Does anyone actually believe voters would go for this except Rand Paul?
3. Protective Tariffs, lower domestic taxes and regulations, bring back manufacturing which would raise domestic tax revenue.
Simple fact is this: No matter what we do it will hurt. Now which one of those above is the most politically doable? Which one has at least a chance of having some benefits to the country in the long run?
No. 3 causes less political problems than 1 or 2. So when you look at the stock market fall again next week, just remember, we could be living in a Euro Style austerity nightmare with some fantastically high income tax rate along with declining services that would make California look like a capitalist dream world in comparison.
I am not talking t-shirts from Vietnam, but right now our military is increasingly having to rely on chips and other components from China or from countries that would require long supply lines in war that would need to be defended. Another example is the Chinese dominate civilian drone industry which is another bad sign for the future of this country.
Then we also have a massive national debt problem. Here are your options:
1. Raise domestic taxes to some ungodly amount, and keep spending down or levelled off. Some kind of European style austerity horror show.
2. Get rid of most entitlements, cut the military to pre-WWII levels or more, and raise Social Security age and possibly even reduce it. Does anyone actually believe voters would go for this except Rand Paul?
3. Protective Tariffs, lower domestic taxes and regulations, bring back manufacturing which would raise domestic tax revenue.
Simple fact is this: No matter what we do it will hurt. Now which one of those above is the most politically doable? Which one has at least a chance of having some benefits to the country in the long run?
No. 3 causes less political problems than 1 or 2. So when you look at the stock market fall again next week, just remember, we could be living in a Euro Style austerity nightmare with some fantastically high income tax rate along with declining services that would make California look like a capitalist dream world in comparison.
This post was edited on 4/4/25 at 4:33 pm
Posted on 4/4/25 at 4:32 pm to JeniverJonez
quote:
Manufacturing better return
quote:
I am not talking t-shirts from Vietnam, but right now our military is increasingly having to rely on chips and other components from China or from countries
When was the US ever the leader in producing these modern/advanced chips?
How can something "return" that was never present here?
quote:
3. Protective Tariffs, lower domestic taxes and regulations, bring back manufacturing which would raise domestic tax revenue.
And destroy our economy, lowering our GDP which will lower tax receipts. We can't grow our economy without this suicide to deal with the spending problem. Hurting our economy which lowers tax receipts will accomplish the opposite of your plan.
Posted on 4/4/25 at 5:30 pm to dcw7g
My state just got a build commitment for a 1 billion steel mill from a South Korea car company to create steel for their cars. Many 100k per year jobs. So I’d say yes to your question.
Posted on 4/4/25 at 6:38 pm to Creolesote
The Hyundai steel mill in Louisiana was announced before the tariffs back in January. However I don't doubt the tarrifs were considered.
Granted the cars are assembled in Montgomery so it makes sense for them either way
Granted the cars are assembled in Montgomery so it makes sense for them either way
Posted on 4/4/25 at 6:41 pm to JeniverJonez
quote:
but right now our military is increasingly having to rely on chips and other components from China or from countries that would require long supply lines in war that would need to be defended
We had already started to fix that with the chip act where TSMC was building in Arizona next to Intel.
But the current administration is going back and forth on whether to continue that piece of legislation.
Right now they are saying it's a good idea after previously stating they would kill it
Posted on 4/4/25 at 7:03 pm to JeniverJonez
quote:
Manufacturing better return or this nation is doomed. The simple fact is for our own national security and economic security is imperative for the U.S. to be able to produce products of national importance.
Like manufacturing weaponry and ammunition? I assume you supported our efforts to assist Ukraine.
Posted on 4/5/25 at 1:31 pm to Shepherd88
quote:
We don’t have the labor supply
Totally false. Remove the rampant fraud, waste and corruption in Government and there will be plenty of available labor.
Not to mention what we know tightening the rules for government cheese will do.
Posted on 4/5/25 at 2:22 pm to wallowinit
Take soda and snacks off of EBT purchases and we'll suddenly have millions of new workers
Posted on 4/5/25 at 2:39 pm to wallowinit
quote:
Remove the rampant fraud, waste and corruption in Government and there will be plenty of available labor.
quote:Fantasy.
Take soda and snacks off of EBT purchases and we'll suddenly have millions of new workers
Posted on 4/5/25 at 5:11 pm to UltimaParadox
Trump had been elected by then. He campaigned on making trade fair and using tarrifs to offset the ones charged to American products.
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