Problem is that Chinese Hi end market has the same mentality with the western one, they want US, Japan and EU made stuff following the known stories and myths.
Would they not then have tax obligations in both countries? Would they have to go the Cayman islands route and forgo us manufacturing completely to avoid US taxes? This is messy.
And became the wealthiest (GDP) nation in the world. We did it by doing what we do great while other countries did what they do well.
In theory, the market in China is very large but cash poor as for the average purchaser that is why they sell and invest abroad. IP is completely ignored. My small medical device startup was purchased by Chinese company and they refused to buy parts from outside their boarders and the services and goods they needed were decades ahead of what they could produce, in medical. Electronics is mature and stable.
Comparative Advantage is antithetical to populism.
So we now export even more jobs because of the tariff???
Agree so why punish them by locking them out of our markets. Again I'm talking about democratic countries and neighbors.
Depends on the industry. For the one I work in at the moment (aside from my academic stuff), we'll almost assuredly add domestic jobs, depending on how the tariffs actually end up.
One thing that we did 'great' for the recent past is buying things from each other. Things that are made in other countries. Now those countries are selling much of that stuff directly to us (and bypassing any existing tariffs). And we are seeing stores that largely sold cheap import products struggling, like Party City, and the dollar stores; because people can easily buy much of the same stuff direct now. The US middlemen and all their employees are cut out of the transaction now.
The shotgun approach doesn't seem like the right choice. There was a good video from CBC talking about their dairy tariffs and how they work to protect their dairy industry. It would seem logical to pick currently viable industries and put measures in place to protect them.
Gotta build walls up to the Armstrong limit to keep out that foreign air!I'm waiting to see what happens when someone decides that foreign air is flowing into the USA, displacing American air.
Pollution in some countries and its affect on neighboring countries and the globe would be another thread entirely.I'm waiting to see what happens when someone decides that foreign air is flowing into the USA, displacing American air.
Again this hasn't happened for decades where the same threat/argument existed.
Sure. There is already talk that used car prices are going to go back up. I guess we didn't have enough fun during Covid when that happened.
That is the ultimate avalanche, as environmental laws has to be scrapped for (the ones US has) to be mined.China is threatening to withhold access to rare earth minerals.
Time to wake the F up, US.
- Rich
