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I do believe the tariff assuming people believe it will last for a long time will encourage manufacturers to make the items as they can now compete on price. |
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And it's not as if the US government doesn't subsidize certain industries here (or give them a break in other ways, such as not requiring them to abide by pollution laws). |
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It will be more like China drops its subsidies and tariffs, then the US backs off.
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And I can't understand how some economists claim it's OK to keep increasing the national debt. Doesn't the debt have to go away at some point, maybe by inflation, maybe devaluing the currency, or some other approach? |
In 2008, Hemlock Semiconductor based in Michigan picked Clarksville, TN as the location for a new, $1.2 Billion polycrystalline silicon manufacturing plant. The local university established a course of instruction to educate employees for employment in this industry. In 2014, Hemlock announced they were closing the plant because they couldn't compete with cheaper imports from China. The plant never produced 1 ounce of silicon. Hundreds of jobs were lost. Equipment was sold off as scrap metal. Millions of dollars of public money was lost. People want cheap products and buy foreign made but then complain about low wages and no job opportunities.
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The plant in Tennessee had over 400 employees setting up operations in preparation for manufacturing silicon. There was a waiting list of a few thousand people wanting to work for this company. There was no problem with lazy employees. Hankook Tire has a plant in Clarksville also with over 1,600 employees and there have been no reports of lazy employees. LG, a Korean electronic products manufacturer, has a plant there also with hundreds of employees, no complaints of lazy employees. Nissan has a huge automobile assembly plant in Smyrna, TN employing hundreds of workers. Nissan has no problem retaining people or hiring new employees. My life experiences have shown me that when employees are paid a good wage with good benefits and treated with respect will work hard at their job. Lazy employees is too often a convenient excuse for poor management and poor treatment of the workers. |
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No good ever came from world tariff wars. |
U.S. manufacturers can't compete with China because of Government regulations and controls. So, the answer is to impose Government regulations and controls, including tariffs, against China. It doesn't make sense to me.
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As for price rises, not necessarily. You're missing the chain in that statement, a typical assumption is all that is. |
We need a balance of trade - they tax our goods and we need to do the same to them otherwise we are competing at a disadvantage. It's the right thing to do.
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Not one new job in the US! If anyone in government thinks that raising tariffs is going to increase manufacturing in the US or going to increase employment in the US or lower costs to consumers ..... |
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