Tariff ping
You need the lower taxes and regulation to make it work, otherwise they’d just go out of business. It is very expensive to do things here.
Why doesn't the author go get some facts instead of the usual guessing?
One of the major global specialized plastic manufacturers is closing down a plant not far from where I live. They aren't moving anything overseas, but they're consolidating five or six plants around the country into one giant facility they just build down in Louisiana or Texas.
Tariffs worked well for 180 years. The truth is we never should have lowered them. During times of full employment, we should have made exceptions for specific low wage non-critical industries.
Across the board tariff elimination like we did when we compete against countries like China that have 300 billion under-employed ultra low wage citizens, is suicide.
Once the tariffs are back in we should never eliminate them again. At most we should talk about tying the tariff level to the % of working age in the work force. And again only for specific industries that we are willing to lose.
Tariffs worked well for 180 years. The truth is we never should have lowered them. During times of full employment, we should have made exceptions for specific low wage non-critical industries.
Across the board tariff elimination like we did when we compete against countries like China that have 300 billion under-employed ultra low wage citizens, is suicide.
Once the tariffs are back in we should never eliminate them again. At most we should talk about tying the tariff level to the % of working age in the work force. And again only for specific industries that we are willing to lose.
“...farewell tour, ...”
It was —not— a farewell tour, but a thank you tour.
Tariffs are just another tax to pay. The problem is not a lack of taxes, the problem is too much business tax, with way too much regulations.
Jobs did not move overseas because of a lack of tariffs.