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But I thought the tariffs weren't bad. What the hell?
ar-BBMbYZ1
Posted from msn.com
International Trade
Economy
Jobs
Donald Trump
Posted >1 y ago
Responses: 4
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Tariff wars are easy to win...if you are the top 1% you get lots of return on your money. Not the top 1%, then not so much. Steel workers are claiming how much their jobs have been saved. Those who rely on the steel, not so much. They are going to lose their jobs due to the high increase in price.
But hey, enjoy those lost jobs because everyone will be poor if the President is impeached. Yeah, right, whatever.
But hey, enjoy those lost jobs because everyone will be poor if the President is impeached. Yeah, right, whatever.
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Maj John Bell
You neglect the fact that in a free market capitalist system, we will always improvise adapt and overcome. China is far more dependent on our open market the we are on their exported goods. There is nothing China sells us that someone else in the world cannot make. The last thing China wants is for this trade war to last. Competitors will have time to grow in their absence. That means more competition and in the long run lower cost for American consumers.
Additionally, a good part of what used to be the western part of the former Warsaw pact free from soviet domination, is dying to do business with us. They have growing economies and untapped manufacturing capacity. The majority of the new dairy equipment I buy is made in Bulgaria or Romania, from US, or European Steel (far superior to the absolute crap steel, aluminium, and iron the Chinese and Pakistanis sell us).
Additionally, a good part of what used to be the western part of the former Warsaw pact free from soviet domination, is dying to do business with us. They have growing economies and untapped manufacturing capacity. The majority of the new dairy equipment I buy is made in Bulgaria or Romania, from US, or European Steel (far superior to the absolute crap steel, aluminium, and iron the Chinese and Pakistanis sell us).
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American manufacturers who will pay higher prices for metals will be at an astronomically disadvantage if foreign countries stamp tariffs on the products. US steel prices will go up as demand for domestic steel goes up.
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"O'Shaughnessy was lobbying Mulvaney to fight for certain tariff exemptions that would help Element in 2016, months before the presidential election." So this company was concerned about the tariffs... way back in 2016, when Secretary Clinton was the assumed President elect.
"Since becoming budget director in February 2017, Mulvaney has either been reluctant or unable to intervene on behalf of parochial interests, even those he championed as a member of Congress." Isn't that something remarkable? a political appointee who puts national interests ahead of party politics and parochial issues.
A part that is too expensive to buy overseas, that goes into TV's. I guess either some TV's were designed to not need the part, but element can't redesign; or perhaps no TV's will be made or shipped to the US. Seems like an opportunity for some wealthy entrepreneur to put some of the unused U.S. manufacturing capacity and skilled manufacturing labor to work.
I guess that's why it is called a trade WAR. I don't remember anyone saying there wouldn't be casualties.
"Since becoming budget director in February 2017, Mulvaney has either been reluctant or unable to intervene on behalf of parochial interests, even those he championed as a member of Congress." Isn't that something remarkable? a political appointee who puts national interests ahead of party politics and parochial issues.
A part that is too expensive to buy overseas, that goes into TV's. I guess either some TV's were designed to not need the part, but element can't redesign; or perhaps no TV's will be made or shipped to the US. Seems like an opportunity for some wealthy entrepreneur to put some of the unused U.S. manufacturing capacity and skilled manufacturing labor to work.
I guess that's why it is called a trade WAR. I don't remember anyone saying there wouldn't be casualties.
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