Economics and Inflation

[Txhunter3000]

A year from now, trade with America will be drastically more fair and many companies will bring their manufacturing back here. He's not bluffing.

But can we afford them with what Americans want to earn?

[diamond10x]

You say this like manufacturing here is just the snap of a finger. It’s not. And even if it were that easy, our environmental laws make it **** near impossible to make anything the way it’s made in Asia. What is more likely to occur is manufacturing gets moved to Cambodia, Philippines or some other obscure SE Asian nation. But it’s not coming back to the US.

the tariffs could work, but only if there is an equal or greater tax break to ease the burden of the American people. Otherwise you wind up with a Herbert Hoover style of economy. For those who don’t remember this piece of history, Hoover implemented tariffs and increased takes in 1932. A few years later we experienced the Great Depression

Some manufacturing will be coming back. Maybe not junk people buy at walmart or similar places but we will see manufacturing return.

Your example of tariffs is not what has been proposed by the current admin. In your example, yes it led to the Great Depression as well as the democrat party winning the following 5 presidential elections. I would also argue that there was a lot more causation to the Great Depression than the tariffs and taxes. If you back up to the piece of history you skipped past, during the Gilded Age around the turn of the century we had something like 40% average tax on all imports while at the same time there was zero income tax. The latter is that of which has been talked about for a year or more now.

[GarGuy]

You say this like manufacturing here is just the snap of a finger. It’s not. And even if it were that easy, our environmental laws make it **** near impossible to make anything the way it’s made in Asia. What is more likely to occur is manufacturing gets moved to Cambodia, Philippines or some other obscure SE Asian nation. But it’s not coming back to the US.

the tariffs could work, but only if there is an equal or greater tax break to ease the burden of the American people. Otherwise you wind up with a Herbert Hoover style of economy. For those who don’t remember this piece of history, Hoover implemented tariffs and increased takes in 1932. A few years later we experienced the Great Depression

I dont totally disagree with this but if hot war breaks out with China, that finger got snapped. Trump is trying to get folks to realize we have to be self sufficient. He also wants the entire World to understand that we have to stop this unfair one sided trade giveaway.

[Playa]

Some manufacturing will be coming back. Maybe not junk people buy at walmart or similar places but we will see manufacturing return.

Your example of tariffs is not what has been proposed by the current admin. In your example, yes it led to the Great Depression as well as the democrat party winning the following 5 presidential elections. I would also argue that there was a lot more causation to the Great Depression than the tariffs and taxes. If you back up to the piece of history you skipped past, during the Gilded Age around the turn of the century we had something like 40% average tax on all imports while at the same time there was zero income tax. The latter is that of which has been talked about for a year or more now.

Some manufacturing? Sure. But enough to make a difference?

I agree, tariffs and taxes were only part of the Great Depression. But to tie our points together, Trump put the cart before the horse. He should have passed tax cuts 1st, then imposed tariffs.

i didn’t skip passed the gilded age. You can have a 40% tax on imports when you make nearly everything at home. In current America there is no domestic option, because we have had a trade deficit since 1970. Initially that deficit was because we consumed more goods than we could produce domestically. But for the last 20-30 years we all but quit trying to even meet domestic demand with domestic goods and most of the goods we use daily are imported.

I just think we have passed the point of no return, where taxing ourselves to spur domestic production is only going to increase demand in cheaper foreign goods. And even if we could move all our manufacturing domestically, our environment would suffer like rivers full of dead fish or so polluted they would actually ignite.

What I can’t understand, is why we didn’t exploit more friendly nations for cheap labor to make goods? Seems Mexico, most of Central America and parts of South America could have been a better home for factories with shorter transit times and cheaper freight costs. Imagine what illegal immigration might look like if these “better lifers” traveled past 100’s or 1000’s of factories offering jobs.

[Man]

Reminds me of the Kennedy speech. Ask not what your country can do for you but what you can do for your country. I watch poeple (Trump supporters) ***** daily now that they have to do a litte some extra to deal with this. I am probably going to lose a multi-million dollar deal on flashlights. But i remain postive. Trump has surrounded himself with good people. Lets watch this play put a little more

[Greenheadless]

Imagine what illegal immigration might look like if these “better lifers” traveled past 100’s or 1000’s of factories offering jobs.

They are doing just that.

Look at the 1000’s of Maquiladoras all along the US border, much less the HUGE factories that have located the the Monterrey area.

[Playa]

They are doing just that.

Look at the 1000’s of Maquiladoras all along the US border, much less the HUGE factories that have located the the Monterrey area.

still nothing in comparison to China

[sboudreaux]

The tariffs are not a complete bluff but a partial to get these countries to come to the table, this may have already been said. The market will respond and in mho it won't be 3-5 years, I'd guess less than 2. If you are sitting on cash and sitting on the sidelines, its go time.

[monsterspike]

A. Admit that you are a sinner.
B. Believe that Jesus Christ can save you.
C. Call on Jesus with all of your heart and ask HIM to save you.

Do your ABC's because tribulation draws near.

[diamond10x]

What I can’t understand, is why we didn’t exploit more friendly nations for cheap labor to make goods? Seems Mexico, most of Central America and parts of South America could have been a better home for factories with shorter transit times and cheaper freight costs. Imagine what illegal immigration might look like if these “better lifers” traveled past 100’s or 1000’s of factories offering jobs.

We have the swamp creature Henry Kissinger to thank for that for leading the way for all the other swamp creatures that followed in his footsteps that saw money signs selling out the country to communist china in the 70’s.

[PondPopper]

Everything that is happening has to happen in order to save this country. I don’t like watching my retirement funds tumble either, I’m trying to retire in a year or so, but this country was heading for collapse. No other way around it.
Our national debt is soaring. Trillions are being stolen mainly by the democrats.
Trump didn’t cause this. The markets were artificially propped up for the last 4 years, on purpose to make the idiot look like he was a success. There was never a reason for them to be where they were under Bidenomics. Now the correction is happening under Trumps watch. It’s almost like it was planned.

[Playa]

Everything that is happening has to happen in order to save this country. I don’t like watching my retirement funds tumble either, I’m trying to retire in a year or so, but this country was heading for collapse. No other way around it.
Our national debt is soaring. Trillions are being stolen mainly by the democrats.
Trump didn’t cause this. The markets were artificially propped up for the last 4 years, on purpose to make the idiot look like he was a success. There was never a reason for them to be where they were under Bidenomics. Now the correction is happening under Trumps watch. It’s almost like it was planned.

Hard to argue any of this, though I still don’t understand Trump’s desire to suspend the debt ceiling. That is counter to the things that need ”fixing”.

[Greenheadless]

still nothing in comparison to China

What would putting more factories along their route benefit, it they aren’t willing to work at the ones already there (and they are not).

[Hardware]

Hard to argue any of this, though I still don’t understand Trump’s desire to suspend the debt ceiling. That is counter to the things that need ”fixing”.

To take away a tool the Politicians use to rile the base up and point fingers at the other Party.

[Rcole1310]

I’m ticked off because I hate to see my retirement accounts slammed over an unforced error. I just heard Taylor Riggs in Fox Business say that the market crashing is a good thing because “it’s been going up for two straight years”! What???!!! They’re spinning that a recession would be good! These are the same people that were screaming that the markets and economy were in the toilet back in October. Now saying it’s good that it’s falling now. I just hate all of the spin from both sides. It’s sickening. The market fundamentals are solid, just like they were a year ago. This was exacerbated by these stupid tariffs. Everyone knows that!!! Trump’s the “expert” deal maker, why can’t they just admit “they were a terrible idea, and we will figure out some other deal to achieve our trade objectives that doesn’t sink our economy”. If I wrong I’ll be the first to admit it but Canada and China are not budging on these tariffs.