I defer to William Shakespeare, who famously taught that “A rose by any other name is still a rose. And so are taxes by any other name (call them tariffs) still taxes.
And, isn’t there also talk of some of these companies facing increased tariffs actually building manufacturing offices here in the USA? Thus lowering costs and providing more employment for US citizens.?
It’s unlikely to lower costs, both because the cost of labor is much higher here and because most products require materials and components that are imported, so even items that are manufactured or assembled here will incur tariff costs.
So Hal, go deeper. Should the US rely on foreign production, especially from unfriendly/communist countries, just because those products are “cheaper”. Losing US manufacturing, job, products to countries which subsidize production? Get into that side of the issue. As you know, Trump is about bluster and negotiating. You call it a tax. Semantics. We Americans say we want products made in America, but then we buys cheaply made goods from China. Your review is overly simplistic. Dig deeper. Next week.
Your comments make sense but Trump did apply some tarriffs during his first term and we did not experience any inflation until COVID came along. So possibly sensibly imposed tarriffs can help.
And, isn’t there also talk of some of these companies facing increased tariffs actually building manufacturing offices here in the USA? Thus lowering costs and providing more employment for US citizens.?
It’s unlikely to lower costs, both because the cost of labor is much higher here and because most products require materials and components that are imported, so even items that are manufactured or assembled here will incur tariff costs.
So Hal, go deeper. Should the US rely on foreign production, especially from unfriendly/communist countries, just because those products are “cheaper”. Losing US manufacturing, job, products to countries which subsidize production? Get into that side of the issue. As you know, Trump is about bluster and negotiating. You call it a tax. Semantics. We Americans say we want products made in America, but then we buys cheaply made goods from China. Your review is overly simplistic. Dig deeper. Next week.
Your comments make sense but Trump did apply some tarriffs during his first term and we did not experience any inflation until COVID came along. So possibly sensibly imposed tarriffs can help.