How hard is inflation going to hit, or has hit?

[ApeEater]

We cant build more of the stuff we need domestically and still need all that import infrastructure.

You're delusional if you think anything will move to domestic production. The free market will always produce the best product for the value and the free market isn't making these imports in the US.

Too big to fail is bullshit. Chevy should have imploded and resulted in a series of smaller, smarter car makers along with a bunch of banks, investment companies and other poorly structured/managed enterprises that the government propped up over time.

Agreed. On that note, protectionist tariffs to artificially prop up any industries at the expense of the US consumer is exactly the same as taxpayer bailouts for GM and big banks.

 

[ApeEater]

Well thats a compleatly obviouse side to things I hadnt considered.

The company I worked for is 100% American made... our competitors were running out of product so they raised their prices to try and keep gross income up, so of course we raised our prices right along with them, shit, from 2020 - 2022 we raised our MSRP's 65% through a series of 5 and 7% increases, it was mayhem.

Here's the perfect example of that.

 

[rockota]

Gonna sound coldhearted.

If we expect that no changes will occur in the economy from a new policy, then no change to the economy will happen with the policy change. If you want substantial positive change made, some existing positions will be eliminated and others will be created. Yeah, some people will pass through the unemployment zone during the transition time. If that is to be avoided at all costs, then the applied changes will be small or so ineffective as to not be a change. Change often sucks, but is necessary to make lasting improvement.

For 30 years plus we have been enjoying cheap products from china and have built a healthy import and transport system related to that. If we move to reduce trade imbalance and encourage domestic production, that vast import/transport system will change along with it. Has to. We cant build more of the stuff we need domestically and still need all that import infrastructure.

Too big to fail is bullshit. Chevy should have imploded and resulted in a series of smaller, smarter car makers along with a bunch of banks, investment companies and other poorly structured/managed enterprises that the government propped up over time.

Most of the people here want something to change.

And are afraid of that change.

 

[rockota]

You're delusional if you think anything will move to domestic production. The free market will always produce the best product for the value and the free market isn't making these imports in the US.


Agreed. On that note, protectionist tariffs to artificially prop up any industries at the expense of the US consumer is exactly the same as taxpayer bailouts for GM and big banks.

You’re partially correct.

Free market would find equilibrium if the govt wasnt over regulating everything.

 

[ApeEater]

You’re partially correct.

Free market would find equilibrium if the govt wasnt over regulating everything.

No argument here.

 

[ApeEater]

Pretty good article here, although I'm sure most will dispute the source without bothering with the content.

 

[Thumping]

So before the tarriff being introduced they were all pricing their product below market value out of the good of their hearts?

😆

 

[[486]]

😆

So prices won't go up because if everyone has to pay a 15 dollar living wage then the prices of the finished goods won't go up because government magic?

 

[DVanVorous]

As Charlie Kirk pointed out, you want to know how companies avoid tariffs? Build the shit in America. The dems want to tax the fuck out of corporations which just gets passed on to the consumer all the same.

BS...the corporate folks moved overseas for cost reduction related reasons back in the 1970s with the price differential between US base and overseas economics is a whole lot better even with a tariff cuz corporate will just pass on the cost to JohN Q consumer...

Answer why Apple will bother shifting their manufacture to the US when they can;

1. Pass the 20% tariff off to the consumer
2. Save money paying a US based employee $15+/hr for shop labor (higher given their main HQ and manufacturing facility is in the Bay Area so more like $25-30) and they pay the folks in the Far East the rough equivalent of $10 USD?

That's pretty much across the board type stuff regarding any electronics and electrics. What's more if the Chinese get too expensive the US manufacturers will bounce to other countries with cheap land and labor like Pakistan, India, Viet Nam where the tariff is lower and the facilities are already build just not used as much...

You think corporate folks haven't run the numbers on the possibility of restarting in the US? Do you happen to know how much time and $ it will take to reopen a global cost competitive steel mill or build a new IC fab? Think numbers with the word billions along with around 5-10 yrs. As example just one litho for doing 300mm wafers with sub micron application use is in the $250 million range alone and only 1 facility in the world makes them...in Japan.

There's a real good reason and even tRump acknowledged the fact, to get around import cost was to assemble in the US from parts made cheaper overseas...That worked for the Toyota Nummi facility in Bay area along with the Kawasaki facility in NB fort a time. Labor costs were what killed them.

Nope...tariffs only help side step any tax cuts that result in the national debt going up. They don't help create jobs nor will the cost be absorbed by corporate folks, it'll get passed on the Joe Consumer.