Tariffs on China how long will the pain last?

The reality? This is another bs sales tax on the front end that will bring huge cash to the gov while Trump wraps another turd in our flag.
People are seriously dense.
On no gd planet will a company change their entire product source over a 10% price hike.
"Omg, 10%? Let's build multi-million dollar factories instead?"
Get real people.
300% tarriffs maybe.
It's a tax grab.
MAGG
(Make the gov greater)
Short term? LMAO
"China, china, china!" -Pre-planned financing propaganda, paid for by us.

a reply to: Blaine91555

This is one case where people need to lay partisan garbage aside and knock of the partisan propaganda.

This is not propaganda. With higher tariffs some/ maybe a lot of products will cost more, at least for a while. It is already happening with some appliances.
This has absolutely nothing to do with partisanship either. I've read a lot of things on Republicans hating it and some Democrats for it.

This is more about how Americans as a whole, regardless of party affiliation will handle higher costs.

Doing Business "I hope it’s just the president’s way of negotiating," said Iowa Senator Joni Ernst, a member of Republican leadership. She has been pushing to end the tariff fights as she runs for re-election in a largely agricultural state.

www.bloomberg.com...

a reply to: Mandroid7

The global free market doesn't care about the US taxes, but the US taxes sure do care about tariffs. So I guess who will come out winners in the end, the guys who went through a above and beyond communist revolution and made it work, or the US who built it's economy off buying TVs, readily available ground coffee, German luxury cars, etc?

a reply to: JAGStorm

I just haven't seen any announcements of companies planning on opening new factories here in the US to make the goods that are tariffed in China.

My bet is we just get stuck with higher priced items until there is a new administration. Companies are going to wait it out and pass the taxes on to the customer.

a reply to: strongfp

I don't know what you are trying to say.
Can you try and be a little less abstract, I'd love to chat on this topic.

originally posted by: Grimpachi
a reply to: JAGStorm

I just haven't seen any announcements of companies planning on opening new factories here in the US to make the goods that are tariffed in China.

My bet is we just get stuck with higher priced items until there is a new administration. Companies are going to wait it out and pass the taxes on to the customer.

I think there will be some small very specialized manufacturing brought back, but nothing compared to what left. I'd agree with your analysis 100%

originally posted by: strongfp
a reply to: OccamsRazor04

Automation is a huge thing in China right now.

And to be honest, it is the future. Will the average US citizen accept automation tho? How will they cope with basically being second hand to a machine.

What they want is irrelevant. All jobs will be automated, it is only a question of when.

originally posted by: Mandroid7
a reply to: strongfp

I don't know what you are trying to say.
Can you try and be a little less abstract, I'd love to chat on this topic.

They are saying one Country is going forward and one is going backward. Guess which one is which.

a reply to: JAGStorm

I just don't understand the logic behind thinking 10% price hikes are even a realistic enough jump to effect msnufacturing location.

It's not, it's just a "tax" to consumers.

Take Walmart for example, for numbers sake say their average price of products across their entire line is $50. After the price increases it will be $55.

The amount has been kept low enough to allow the china outsourcing and put the gov in front of every transaction. That's on top of income tax and sales tax. It's essentially a front end sales tax.

It's not high enough to persuade companies to do anything. Intentionally imo.

a reply to: OccamsRazor04

You do not find a danger in having mass unemployment?

What is your solution?

a reply to: JAGStorm

It really depends on who you consider "country"

Not playing word games here, but the US gov is the winner here, at the expense of the citizens.

Politicians/the gov etc outsourced, or made the climate favor outsourcing all our factories.

They are now playing of the emotions of Americans that want jobs back with maga bs that won't maga, it will make everything more expensive.

And like I said, just enough to not change the problem, just leech money.

originally posted by: strongfp
a reply to: OccamsRazor04

You do not find a danger in having mass unemployment?

What is your solution?

Perhaps forcing Americans take the jobs Mexican illegals once had.

originally posted by: strongfp
a reply to: OccamsRazor04

You do not find a danger in having mass unemployment?

What is your solution?

Maybe not letting illegals flood in by the millions. In the end, we are going to have to transition into a country where your worth is not tied to your labor. How that will happen and what it will look like I do not know. Human labor will not be needed. Either because the machines have killed us off or because they are doing the labor.

originally posted by: strongfp
a reply to: OccamsRazor04

You do not find a danger in having mass unemployment?

What is your solution?

That's actually pretty gd scary.

People need to eat, or they will eat people.

originally posted by: Mandroid7

originally posted by: strongfp
a reply to: OccamsRazor04

You do not find a danger in having mass unemployment?

What is your solution?

That's actually pretty gd scary.

People need to eat, or they will eat people.

Remember the movie zombieland, the 10 rules to survival and the first being fit enough to run away, the fatties were eaten first.

On topic, the U. S have been spoiled with cheap goods for a long time now, a ten percent hike won't change much, people will complain but still buy at the elevated price, I very much agree with your earlier statement that this price hike will not prompt businesses to build megafactories to compete with Chinas manufacturing.

a reply to: JAGStorm

25% rate in tariff is obviously quite substantial, it seems to me that the would be [snipped]Trump, thinks very little of his people when, after giving out a tax break, 'Mightier than ever before'...which it wasn't BTW, he now proceeds to slap them in the face with trade tariffs on imports which on the face of it can continue indefinitely, which will cost the end user of US people an arm and a leg, never mind any essentials that may be included in the import portfolio that may effect government projects etc, etc.
The 'big' tax break will become a distant imagining in no time at all, while the new costs will be a nightmare.
So, not so hard to see where he...Trump is coming from, he thinks anyone other than himself, is buck stupid [snipped]

Since someone [snipped] brought up the issue of China's products quality, I find little difference in the Chinese quality against any similar products made elsewhere, and in some cases being somewhat superior in use, and while [snipped] Trump yams on about intellectual property theft by the Chinese, he says feck all about those many American products that are made in China with given American patents by American companies.
As for intellectual theft by China, and I've no doubt there is in specialist areas,...America is no stranger to doing a bit of thieving itself...corporate or government, and likely many governments do..pot calling the kettle black really!
Overall, these tariffs will cost the end user a deal more and kill a deal of consumer spending in the US.

[snipped]

Look at all the people who, when they are told that programs like socialized medicine will cost tons in new taxes, openly brag about who they will gladly, happily, gleefully pay more in taxes if it meant they got what they thought they wanted are in here whining about the few dollars more items will cost in order to rectify yet another bad trade imbalance created by decades of Washington mismanagement.

originally posted by: smurfy
a reply to: JAGStorm
[...]
As for intellectual theft by China, and I've no doubt there is in specialist areas,...America is no stranger to doing a bit of thieving itself...corporate or government, and likely many governments do..pot calling the kettle black really!
Overall, these tariffs will cost the end user a deal more and kill a deal of consumer spending in the US.

[...]

Stop buying so much garbage!

I see my fat neighbor come home with 3 bags a day and wonder where all of that consumption ends up....

Lol

But Trump is an idiot right???

Lol

(Also I know for a fact he lives with his mother, is 53 and doesnt work)

Who pays for that....

Lol

The other problem is that Americans became addicted to low cost items.

The US manufacturers are addicted to low cost Asian sourcing for raw materials and labor.
So many name brand products are manufactured in China that you really can't complain about the quality anymore.
I doubt the tariffs will be enough incentive to recover the US manufacturing base.
Very expensive to build factories in the US for small runs of limited a number of pieces like you see advertised on Alibaba.
On the other hand tools like those made by the US manufacturer Western Forge are already better value when produced in volume.