this post was submitted on 07 Nov 2024
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I mean the whole point is paying a tariff so American companies make the goods instead for less.
But if paying Chinese poverty wages and tariffs is still less than paying Americans to do it, then guess what they're going to do?
It's also dumb to just assume that foreign companies can just flip a switch and start building/assembling whatever they sell in America. You need facilities, you need to hire employees, you need to train employees. You can't just pick up your factory, drop it in Kansas, and just slot people into the building to work it right away.
Also, unless your plan is to exclusively export to the US, then it's less cost effective to open up new facilities in the US. You just raise prices and and have the consumers take the hit for the tariff. There's also the problem of logistics for raw materials for whatever products your manufacturing. Those also tend to cost more to acquire stateside.
The worst part is that policy is only a single bullet in the policy foot gun Trump has loaded. It gets even more expensive when the low cost labor is suddenly deported and/or put in camps. Which I realize isn't even the worst thing about the immigration policy, but just pointing out that it too has consequences to these same people.
What do you mean my car is now valued for so much less? Well see all the parts are all manufactured overseas, so we have to pay tariffs to acquire the parts and they cost much more. Higher repair costs, lower value. Also, your car insurance just went up.
Repairs on any products you currently own, more expensive.
Don't worry, in 10 years these prices will stabilize and we'll still have 8 dollar an hour minimum wage, but a new car only cost 80,000 starting. Well that's MSRP, Desantis banned direct sales of ICE cars without going through a dealership, so they need their cut.
We were going to subsidize vegetable based meat substitutes to drive the cost of food down, but instead we decided we should ban lab grown meats from existence, and not subsidize the vegatable based meat because if I I don't know if I'll like it, NO ONE else is allowed to try it!
Welcome to America, home of our grave