Quote:
Originally Posted by Texxan52
Trumps plan for a 100% tariff on foreign made cars is pure socialism. A Capitalist would say if US Automakers can't compete so be it. What do you high school graduate economist think?
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one of the main reasons US automaker aren't as competitive is the UAW. they add 5-7 thousand to the cost of a US car.
China doesn't have unions. well the Union of the Communist party that is but their labor is far cheaper.
Quote:
Originally Posted by adav8s28
It's not pure capitalism for sure. However, China puts tariffs on products made in the USA. If one side does it, the other side should be able to do it as well.
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Correct. it's China that not only puts tariffs on US products but also limits production in such areas as cars to keep their cars as the most available product. if China let Ford and Chevy sell unlimited numbers the demand would hurt their car makers. China won't allow that.
it's not a level playing field with China, not even close and they also require US tech and manufacturing to give them their trade secrets.
they tariff our products, limit imports from the US, restrict production and make us share our manufacturing tech.
what would an actual economist call that?
unfair trade practices
and so is Trump.
Trump socialism
