Trell

Trell

Audioholic Spartan
It's too late now, but the protection should have included US workers. Free trade is great, but this country has far too many people who wanted more, always more, MORE, MORE! and when they got is, they wanted more money because the cost of US-made goods climbed due to high wages that couldn't be controlled, often because of strongarm tactics of the unions. I'm not saying that unions are always bad, but as I have posted before, they increase costs without adding value for the user very often. They priced union workers out of jobs because it was no longer possible to compete with foreign manufacturers and they need to own that fact. Just saying "But it's better because they're in a union" is BS- I have worked with and known a lot of union workers and they certainly didn't do their jobs better- they were usually more concerned with their snack/lunch/snack breaks coming on time (Yes, those are mandatory in many jobs), hating scabs (non-union workers on the same jobsite) and striking for higher pay & benefits, intentionally hurting their employers.

The cost of farming in the US is higher than in other countries for these reasons, so it's impossible to compete on a 1:1 basis.

WRT lumber- the US has plenty, but the environmental groups won't allow harvesting it. With sensible management, we wouldn't need as much from other countries, but there aren't a lot of alternative materials that won't increase the cost of a project.
Blame it on the unions for working for living wages while excoriating workers for wanting inexpensive goods when most households needs two incomes and experience declining real wages. The Nordic countries, or EU for that matter, are very much more unionized than US and we do have a pretty good life overall (much better than US) with much longer life expectancy.

But hey, I'm sure US sweatshops producing $1 T-shirts will bring prosperity and middle-class lifestyle for you all. ;)
 
M

Mr._Clark

Audioholic Samurai
The escalation continues.

>>>President Trump on Monday threatened to impose a 50 percent tariff on imports from China, a massive escalation of a potential trade war between the world’s two largest economies. . . .

“Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump added. “Additionally, all talks with China concerning their requested meetings with us will be terminated!” <<<

https://thehill.com/homenews/administration/5235955-trump-threatens-50-percent-tariff-china/

Trump my be overestimating the strength of his bargaining position with China.

>>>“Chinese exports into the US are about 2% of its overall economic output, and so Beijing will think that is manageable,” Beddor said.

US imports of Chinese goods reached $438.9bn in 2024, or 2.3% of China’s $19tn economy, while the trade surplus hit $295bn, a 5.8% increase from 2023.<<<

“It is a much bigger problem when Trump’s tariffs create a global downturn. That is a different order of magnitude,” Beddor said. “And for China, if there is a global slowdown, there is nowhere for Beijing to go other than to the Chinese consumer.”<<< (emphasis added)

.

China might see this as a golden opportunity to weaken the U.S. and gain a relative advantage. Even if there is a global downturn, China might view it as harming the U.S. more than China.

This is of course speculative on my part. I certainly do not have any inside knowledge when it comes to Xi's thinking on the trade war.
 
Eppie

Eppie

Audioholic Ninja
In the interest of presenting something on the other side of the spectrum, this video examines possible motives and economic reasoning for U.S. tariffs (besides the Trump propaganda). It certainly is a pretty big gamble if this is what Trump's advisors hope to achieve.

 
H

highfigh

Seriously, I have no life.
China might see this as a golden opportunity to weaken the U.S. and gain a relative advantage. Even if there is a global downturn, China might view it as harming the U.S. more than China.
Let's hope it bites China on the ass.
 
mtrycrafts

mtrycrafts

Seriously, I have no life.
In the interest of presenting something on the other side of the spectrum, this video examines possible motives and economic reasoning for U.S. tariffs (besides the Trump propaganda). It certainly is a pretty big gamble if this is what Trump's advisors hope to achieve.

And there is no guarantee nor one that you can make a claim on a guaranty for a make good on what was lost. :eek:
 

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