US President Donald Trump told world business leaders on Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the White House this week. … “Come make your product in America and we will give you among the lowest taxes of any nation on earth,” Trump said today, speaking remotely to the World Economic Forum (WEF) in Davos, Switzerland.
“But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff,” he added.
Trump is tired of the US getting ripped off… everyone, and I mean EVERYONE uses the US for money…yet, most of ya’ll would rather see your own country burn than support his “America first” motto…
US companies are the ones ripping off the US.
Tarrifs aren’t going to stop that.
So, just out of curiosity, what do you propose Trump does to stop other countries, and their own companies, from ripping us off?
So he really has no idea how tariffs work
Yup
Make your products in the USA or force my constituents to pay inflated prices for everything.
… wait
Which in turn stimulates local production, which in turn leads to economic growth…
Seriously people, Protectionism is a tried and tested method. In the right circumstances it is a powerful tool. The question is, whether these circumstances apply in the current US, but look at all industrialized nations. They used protectionism to grow their industries and now they oppose other countries protectionism to keep them small.
from your own source
There is a broad consensus among economists that protectionism has a negative effect on economic growth and economic welfare, while free trade and the reduction of trade barriers has a positive effect on economic growth.
A 2016 study found that “trade typically favors the poor”, as they spend a greater share of their earnings on goods, as free trade reduces the costs of goods
So to reduce costs of goods we will make cheap items from China cost more so USA made can compete at a higher price. why doesn’t the math work here? how does this result in a better economy?
such a fan of the quote from source disproving the original post.
Only superceded by the double “this you?” screenshot
Someone should tell him who actually pays the fucking tariffs. I kinda get the feeling that nobody around the motherfucker even tells this dipshit things he clearly has wrong because they’re afraid of losing their status if they call him out for being a dumbass.
Yes, the consumer pays the tariff, but it does impact the seller as their products will now be more expensive which will potentialy drive down demand and/or eat into profits.
Also, in studies, products that aren’t imported tend to raise their prices to match the rest of the industry, rather than leaving it as it was.
Even the cost of goods made in America would get more expensive.
"and we will give you among the lowest taxes of any nation on earth,”
Ummm, I’m pretty sure most manufacturers care way more about wages than taxes. Taxes are important in white collar businesses or between areas with similar wages. But the wages of a US factory worker are much higher than a worker in China. They are likely higher than in EU, too, though maybe not by as much.
Is the plan to bring low-wage jobs to the US? Or is the plan to pay higher wages for the same job and pass the cost to the consumer? Or is the plan to add tariffs that get passed on to the consumer? Because I’m not really seeing how this helps anyone.
They probably eventually plan to bring back forced labour. They ‘deport’ people, and when that’s too arduous, they’ll round them up in camps and make them work their ‘sentence’.
I don’t think they actually stupid enough to deport their low wage vulnerable workforce when they can just further exploit them.
Now with all the private prison people he has in his cabinet this is making more sense. The one thing that they will have an abundance of is prisoners people being falsely imprisoned for bullshit charges. What better way to use them than to get some free labor
So where are those factories gonna come from, and whose gonna work in them? He’s also saying he’s going to get rid of all the immigrants and we only have so many people being released from prison that are willing to do non-union factory work.
And he also still thinks that a tariff is paid by the exporter and not the importer.
Tariffs affect both sides, but the side with the protectionism can build up a local industry thanks to the tariffs. (Assuming access to the relevant resources)
That is why all industrialized nations used high tariffs to protect their emerging industries and once they were established demanded low tariffs from other countries to keep their industries small and the markets dependent.
While in the short run this means a price increase for the consumer, in the long run the local employment and production increase the wealth to offset the initial price increase. That is why “free trade agreements” by industrialized nations often hav devastating effects on the developing nations they push them on. Western “free trade” has ravaged farmers and small business producers in Africa, Asia, South America…
Finally the government can spend the money it raised through the tariffs to stimulate further growth with spending, or by lowering taxes in other fields.
Trump understands very well what he does there, and it is not like the economic theory behind it is complicated. The question is, whether this strategy makes sense for the US when there is retaliatory measures taken by the affected countries seeking to export to the US.
It is the same principle like carbon taxes btw. if you oppose tariffs solely based on the notion that they are “paid by the importer and not the exporter”, you would need to reject carbon taxes, as they are “paid by the consumer, not the company.”
The people selling the goods never pay the tariff
They will sell less or none if they have to compete with products made in USA sold without the tariff. That’s the idea.
But manufacturing in USA will also increase prices, so yeah, Americans will pay more.
Except we don’t manufacture alternatives to the goods we’re doubling the price of. And there’s no possible way for those massive supply chains to grow anytime soon domestically.
They’re not going to sell at a loss so they will tack the tarrifs onto the price.
This is intro to economics shit. Not something our leaders should be allowed to try gor funsies.
I’m also going to ask Saudi Arabia and Opec to bring down the cost of oil
We don’t deserve our outrageous amounts of wealth and oil, i hope one day it will dry up and just convince people that living under an autocratic monarchy isn’t so great (who would’ve thought??? 🤯)
I think the more salient thing here is they’ll just tell him no.
I think Trump and his people are soon going to find that manufacturers need the U.S. a lot less than they think they do.
Is this all a bid to ramp up the price of his Trump Coin?
Btw…Rev. 13:16-17
