re: How do tariffs bring costs down?

How does raising taxes on the rich solve a government spending problem?

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It’s an incentive to produce more goods in the USA to make domestic products more competitive. Which provides jobs and tax revenue here

At least that’s the way I see it.

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And then once those goods are produced here, the competition keeps prices in check...theoretically.

Raising the cost of foreign goods helps bring back manufacturing here. Which drives up job growth which causes companies to raise wages to attract employees which means you have more money to spend so additional couple bucks caused by tariffs is a wash because you are earning more money

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It’s an incentive to produce more goods in the USA to make domestic products more competitive. Which provides jobs and tax revenue here At least that’s the way I see it.

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So Apple is going to shut down their Asian plants and just move everything to the US? Cmon man.

Imagine what an iPhone would cost in that scenario.

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So Apple is going to shut down their Asian plants and just move everything to the US? Cmon man.

Imagine what an iPhone would cost in that scenario.

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Best case is they move to Mexico. Apple is not going to pay someone with a GED $50/hr plus pension and health benefits for life to snap together iPhones.

Tariffs competitively level the wage scale ..
Chine makes goods with slave labor, we don’t. A tariff is placed on goods that would make it cost as much or more than if it were made with US equivalent wages.
That’s what it’s about..the results are more industries producing things in US, which creates a good economy, which reduces inflation…

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Raising tariffs over a few decades would bring more manufacturing jobs back to the US. It needs to be a slow increase not a huge increase all at once. A large increase of tariffs that fast would probably hurt the stock market and it could effect the value of the dollar.

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I generally agree with this. People are short sighted about the need for increased tariffs.
To bring about an increase in American manufacturing, first the rules must be changed to favor America (the whole America first idea).
Presently, the multinational corporations who put profits over people, are against this because they can get products made cheaper overseas.
Why? Because paying children pennies a day allows for much higher profits than paying an American citizen to do the same work.
Therefore, the rules have to be changed to favor Americans. Raising the price on foreign goods, thus allowing Americans to start new businesses and be competitive.
Sure, there might be a lil pain in the beginning...but it's the only way back to where we need to be.

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How do tariffs bring costs down?

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Grant China its desired monopoly on critical goods (steel, etc) and we'll readdress your incredibly naive question

We are losing our ability to manufacture anything. We are losing in robotics and the science of manufacturing due to our overly financialized economy.

We are basically becoming a third world country.