How much do production workers get paid in China? How will our production goods be affordable at American labor rates? This strategy just makes everything more expensive - nothing cheaper.
Exactly and even if it does work to reshore factories (which will take years and we'll just ignore the question of where all the workers for these factories will come from, and that the goods needed for making those factories are also being tariffed) they'll only be competitive in a protected market so they're only really producing for the US market which will be stunted because costs would have inflated through the roof!
Not to mention these are blanket tariffs, not protecting specific American industries. So anything that's not feasibly produced here will be more expensive anyway.
Yes everybody, we are taxing all of your groceries - but all of those American coffee and banana farms (!) will be protected.
I mean, a large point of their campaign was that price increases were a major national concern, right? Can we agree that they repeatedly made that point? I recall many lawn signs to that effect.
So given that, I would have assumed that this administration would focus on making things more affordable. Instead, I'm seeing people try to explain to me that, actually, raising the prices across the board is a good thing!
To put it plainly, it seems like the administration raising prices is, in fact, not a good thing for Americans. And I don't see how American labor can produce things that are more affordable than what we can buy now. So it seems like a net negative, because ultimately they are choosing to make everything more expensive for consumers.
What kind of financing has Trump made available so that the average American company (companies of what 5-20 people) can setup multi-hundreds of millions of dollars mining operations, smelters, manufacturing plants? Because it's gonna be a stretch for the average 5-300 person factory around me to vertically integrate into a billion dollars of supply chain infra business.
How much do production workers get paid in China? How will our production goods be affordable at American labor rates? This strategy just makes everything more expensive - nothing cheaper.
Exactly and even if it does work to reshore factories (which will take years and we'll just ignore the question of where all the workers for these factories will come from, and that the goods needed for making those factories are also being tariffed) they'll only be competitive in a protected market so they're only really producing for the US market which will be stunted because costs would have inflated through the roof!
Not to mention these are blanket tariffs, not protecting specific American industries. So anything that's not feasibly produced here will be more expensive anyway.
Yes everybody, we are taxing all of your groceries - but all of those American coffee and banana farms (!) will be protected.
Sorry, who is saying that this will make things cheaper? I haven’t seen Trump or Vance argue this.
I mean, a large point of their campaign was that price increases were a major national concern, right? Can we agree that they repeatedly made that point? I recall many lawn signs to that effect.
So given that, I would have assumed that this administration would focus on making things more affordable. Instead, I'm seeing people try to explain to me that, actually, raising the prices across the board is a good thing!
To put it plainly, it seems like the administration raising prices is, in fact, not a good thing for Americans. And I don't see how American labor can produce things that are more affordable than what we can buy now. So it seems like a net negative, because ultimately they are choosing to make everything more expensive for consumers.
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What kind of financing has Trump made available so that the average American company (companies of what 5-20 people) can setup multi-hundreds of millions of dollars mining operations, smelters, manufacturing plants? Because it's gonna be a stretch for the average 5-300 person factory around me to vertically integrate into a billion dollars of supply chain infra business.