Quote:
Originally Posted by txdot-guy
What tariffs are you referring to and how do they protect our native industries?
Do you support Trump’s plan for across the board tariffs on foreign goods?
What do you think the result will be if those across the board tariffs are instituted?
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My take on tariffs is they will support domestic manufacturing.
As manufacturing in the US has dwindled, we may be less competitive than manufacturers in China for example and so costs domestically may go up initially.
But we're also very large, and have a pool of laid-off manufacturing people to draw on besides new workers and so with growth and scale efficiencies would come.
Additionally more Americans will have more jobs, so net what I see is more economic activity domestically.
While the redevelopment of our industries may take time, tariffs would subsidize them and our national purse.
That's the overall picture.
For many reasons in the past the US has tolerated/ countenanced tariffs that our allies would put on our goods, but now the time has come for that to change.
We're not a major exporter of cars, Japan is, China will be:
They achieved these feats not just due to being a smart and hard working people, but also due to mercantilist policies and tariffs are a component of following a similar path.
Tariffs have been in use historically, so certainly the precedent is there.
As far as across the board?
It probably won't be. We're unlikely to be a massive luxury goods exporter any time soon for example, so it may be on a market segment basis.. airplanes, cars, chips etc.
Not sure if I've addressed all your questions, but this is my take on the matter
