“I hope that you don't think I was endorsing what he is doing.”
No, not at all. I was just acknowledging that tariffs, in and of themselves, aren’t a bad thing. Trump’s handling of them has been so terrible that I think they’ve got a bad rap, but as you say, they aren’t exactly new and can be good.
“I hope that you don't think I was endorsing what he is doing.”
No, not at all. I was just acknowledging that tariffs, in and of themselves, aren’t a bad thing. Trump’s handling of them has been so terrible that I think they’ve got a bad rap, but as you say, they aren’t exactly new and can be good.
As for factories moving back to the U.S. I think that ship has mostly sailed. Manufacturing in China is so much cheaper thanks to their effective slave labour, that any businesses that do come back will likely be mostly automated.
We wanted cheaper products, we turned a blind eye to the Chinese working conditions that made those prices possible, and we know we would never accept them for ourselves, meaning it’s basically impossible to compete.
China’s takeover of manufacturing is complete. Maybe I’m missing something, but I don’t see any possibility of going back. The only country that might compete is India, and maybe African countries in a few years. But America has better get used to its trade deficit.
“I hope that you don't think I was endorsing what he is doing.”
No, not at all. I was just acknowledging that tariffs, in and of themselves, aren’t a bad thing. Trump’s handling of them has been so terrible that I think they’ve got a bad rap, but as you say, they aren’t exactly new and can be good.
As for factories moving back to the U.S. I think that ship has mostly sailed. Manufacturing in China is so much cheaper thanks to their effective slave labour, that any businesses that do come back will likely be mostly automated.
We wanted cheaper products, we turned a blind eye to the Chinese working conditions that made those prices possible, and we know we would never accept them for ourselves, meaning it’s basically impossible to compete.
China’s takeover of manufacturing is complete. Maybe I’m missing something, but I don’t see any possibility of going back. The only country that might compete is India, and maybe African countries in a few years. But America has better get used to its trade deficit.