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originally posted by: network dude
a reply to: burdman30ott6
I remember my grandfather talking to me when I was a kid, and telling me how important manufacturing was. He was an engineer for GE, but he had a good mind for politics in general, before Dementia got a hold of him. Then years later, when I was more concerned with my family and business, I remember hearing the smart older folks taking about how the USA doesn't "make" anything anymore. And you start to look around, everything is "made in X", and X wasn't USA. Now we look at the towns and empty buildings all over and realize that a really large portion of the manufacturing left.
Maybe the way Trump is going about it is wrong. Maybe the tariffs will backfire and bad things will happen. But I'm also reminded of the definition of insanity. (doing the same thing over and over, and expecting different results) He's trying something, it's drastic, but it might just be enough to spark the manufacturing fire and give it some fuel.
If we don't start making stuff again, then when the robotic workforce starts up, they won't be taking lunch breaks or vacations. And other than Utopian lunatics, nobody in the real world is going to pay you to do nothing. (at least pay you enough to enjoy life)
We aren't in the TPP are we?
Who loses from the tariff?
With a tariff in place, imported goods cost more. This decreases pressure on domestic producers to lower their prices. In both ways, consumers lose because prices are higher. Thus, consumers lose but domestic producers gain when a tariff is imposed.