re: Study: U.S. Tariffs on All Foreign Imports Would Create 10M American Jobs/ cut taxes 25%

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We shift the lowest-level of production to the poorest areas on earth because they have the cheapest labor. This is beneficial to both sides because the rich country gets huge cost advantages and the poor country gets to start development and may eventually get a higher level of labor demand in their country. See: Taiwan for probably the best example of this.

Paying American workers 100x as much will cost more. If it didn't, then we would be making those goods here.

There is also specialization. Some countries, like the aforementioned Taiwan, have developed into experts at specialized manufacturing (like chips). Can the US do this? Yes, but it will cost a ton in investment and still likely lead to higher costs (via salary). That will raise prices.

Like another poster said, it's -EV to devolve yourself at the expense of the more valuable and efficient use of your time. I can do an hour of legal work for $200-300 or I can mow my lawn. Or I can pay a guy to mow my lawn for $50 and come out ahead by $150-250. Which is the more optimal solution?

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I don't need an economics lesson. And a caveat, I'm referring principally to offshoring to China.

It's not all about labor. We have been offshoring production for decades in order to avoid the cost of regulation. Environmental and safety, but the big one is environmental.

Put a "Green Tariff" on all imported goods that reflects the economics of local environmental regulations versus our own (including energy input) and see what happens with prices. If you're unwilling to do this, all you're doing is subsidizing production elsewhere at the expense of the American manufacturer/worker/taxpayer. I've argued for years that if the Left was genuinely concerned about "climate change" this is precisely what they'd do - and isn't it funny they haven't done this?

Also, you're not considering total costs. Is it really more "affordable" for consumers (or at least the taxpayers in that group) to shift burden from private enterprise to the taxpayer? When you rid your economy of low-skilled labor requiring production while adding tens of millions of low-skilled laborers (we have prolific domestic and foreign sources for these), all you're doing is shifting their burden. It's not like unskilled workers don't get healthcare and a pot of other benefits because they don't have an employer covering them.

Moreover, China isn't cheap like it used to be. This is true for a lot of the old 3rd world offshoring playgrounds.

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Whoa...an anecdote from "a lady"

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LOL.. no. That's another go to. It's all anecdotes to you. No matter what.

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Sure it is. We have a limited supply of available workers, materials, resources, time, etc.

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And?

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You're making a huge assumption here that companies would permit consumers to realize the difference in alleged tax savings, when they'd have almost no international competition for pricing.

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Why would they not have competition? LOL!

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This is like your assumption that other countries won't raise tariffs on our exports,

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I never assumed that because they had already done so before this conversation took place when Trump ran in 2016.

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which will hurt our economies on that end, too. Or that we will be able to import materials at pre-tariff pricing when countries will ensure those goods cost more, too.

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Washing machines. Tell me again how those prices EXPLODED ...



You still do not understand the process.

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Now do the person who didn't get a $10/hr raise and now has to pay $1,000 more for a washing machine.

I imagine they have a different "feeling" about this.

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WOW!

Again.... READ.. They did not go up any more than the normal rate of increase per year.

It amazes me that you refuse to include all the facts.

We tend to think of manufactured goods and plastic trinkets when this comes up..

Because of my background I always wonder on the impact on food. We get an enormous amount of product imported. How does something like this impact the consumer here regarding availability and cost?

We've already seen what inflationary pressures across the supply chain have done and how that impacted families budgets. If you're an exporting country it may not be worth it to sell as much to the US when you can engage other markets where tariffs won't be a problem and they happen to have much larger populations and that comes with greater demand than we can ever hope to match.

I can get on board with industry targeted tariffs to bring manufacturing back here but just across the board tariffs... that's a hard sell for me.

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I read the information provided by the lobbyist group that paid for the study... because I wanted to see if they actually addressed the issues of increased cost and increased tariffs from other countries. They did not.

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They did.

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I think we can all agree that China isn't playing fair.

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We can.

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Uhh. If costs were not going to increase... those items would already be made here. The point of tariffs are to increase the cost of importing... which makes the higher US costs look better by comparison.

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Yet again, not understanding the process. You are too programed.

1- Companies that move here have a much lower tax, there fore the cost to that company is lowered.

You following that?

As an example, Slow used washing machines because Trump placed a tariff.

Studies showed (from the anti Trump people) that they did not go up the "tariff prices".. In fact, products that were not included, like a dryer, went up the same % as the washing machines.

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You are trying to argue that at 25% increase on the price of X won't result in a cost of X + 25%. IT's a failure of basic math and quite frankly you are embarrassing yourself.

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1- That's was not, and is not my argument. At all! Go back and read.

2- Yet here we are with historical proof that in your strictest of understanding, that is exactly what happened.

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Oh... I get it... you still believe in trickle down!

Do you still believe in the Tooth Fairy? Or Santa Claus? Or is Trickle Down the only fairy tale you still believe?

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Bless your heart!


When you want to actually have a conversation on this... we can. Until then, ibefreeman, we are done.

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GRTiger

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Here is a person who may not agree, but he is looking at the whole picture.

This is what several like Slow refuse to do.

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due to buying power.

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No comapnay or nations wants to get rid of the USA's buying power. They will look for work arounds and if you give them one.... they will take it.

IE.. open plants here.

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It's a radical idea, but lowering corporate and personal taxes will make everyone more resilient to price increases, and the eventual new markets and increased salaries would as well.

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Isn't that deflationary?

And one more thing... Reverse the roles here. If we did this, at what point does a nation like China lower it's wages to be able to offset before going broke?


Think about the time before we built China up. It would slowly reverse the effects of what transpired over the 70 years.

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And how much would the reciprocatory tariffs raise prices on imports?

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Again... Follow recent history. As in the last Admin.


When you say to a company:

1- Build here, employ our people, you avoid it.



When you then say to American Businesses:

1- We are going to eliminate or reduce your taxes.


When you say to the Americans:

1- We cut your taxes by 25%


, we start building the USA and not other nations.

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When you say

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If Republicans had a clue, they'd push the shite out of a Green Tariff. Call the Left's bluff. It should cover the cost of regulation in the US versus the source country. Otherwise, you're a) subsidizing foreign production and if you're a climate change enthusiast, you're b) paying a ton to pump a shite ton more CO2 into the air.