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Post by jimstc on Jul 24, 2018 13:12:27 GMT -5
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Post by nfalls116 on Jul 24, 2018 13:51:17 GMT -5
In the long run will it make us stronger with more jobs if we lessen our dependence on foreign origin products or am I reading into the situation completely wrong
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Post by jimstc on Jul 24, 2018 15:54:30 GMT -5
At what cost and to whom? The consumer. The risks are a global recession, loss of US jobs, bankruptcy of US companies and much higher prices which leads to inflation. We live or did live in a Capitalistic economy. Meaning we, as consumers, are free to vote with our dollars. If better quality, lower priced goods are imported from the Asian bloc we have the freedom to buy them. We are not "dependent" on them. It is our free choice. Capitalism is based on supply and demand without government interference. Trump is taking the free choice away from the American consumers. We are all going to pay higher prices for everything from electronics, automobiles, appliances and on and on. So, do you really think that American companies won't raise their prices since their competition's prices are higher because of tariffs? Of course they will because they can. Who bears the burden? Again, the consumer. Isolationism is bad economics. Period.
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Post by nfalls116 on Jul 24, 2018 18:19:05 GMT -5
I just can’t help but feel like riding on low priced goods has created a false sense of security for us. We not only get to buy our stuff cheaper because of the cheap price to get things made over seas but we have to pay our people less to stay competitive. The politicizing happens when US companies move manufacturing to non US soil to avoid the taxes and other overhead. I think America is large enough and has enough workers to largely self sustain. Why are we buying Chinese steel and aluminum when American steel and aluminum plants right here in the great state of Indiana are closing their doors because the cost of doing business in the United States is too much. Don’t know if I made any point but I’ve typed to much to read now, no turning back lol
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Post by jimstc on Jul 24, 2018 18:31:17 GMT -5
I just can’t help but feel like riding on low priced goods has created a false sense of security for us. We not only get to buy our stuff cheaper because of the cheap price to get things made over seas but we have to pay our people less to stay competitive. The politicizing happens when US companies move manufacturing to non US soil to avoid the taxes and other overhead. I think America is large enough and has enough workers to largely self sustain. Why are we buying Chinese steel and aluminum when American steel and aluminum plants right here in the great state of Indiana are closing their doors because the cost of doing business in the United States is too much. Don’t know if I made any point but I’ve typed to much to read now, no turning back lol Cheaper, better quality is bad but paying more for American made is good? You pay the price. Good luck with that. So, in essence, protectionism is good even if you pay more. Your opinion, your mistake...... Why do US companies move abroad? Think about it.
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Post by nfalls116 on Jul 24, 2018 18:33:37 GMT -5
Very rarely is it cheaper better quality unless it’s from Japan. A lot of times it is cheaper same quality or even slightly lesser.
All the arguments make sense to me. I can’t afford a $20 pair of shoes or a $200 pair of shoes so it doesn’t really matter to me either way I guess.
Which brings up another point.
Why do professional athletes make so much money?
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Post by whitetaildave24 on Jul 24, 2018 19:05:43 GMT -5
I don’t mind paying more for American made goods when I make that choice. I don’t see cheaper, better quality coming from overseas most times. Cheaper, yes, better quality, no. Self sustainment sounds good to me.
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Post by lawrencecountyhunter on Jul 24, 2018 20:21:50 GMT -5
I guess we'll see one way or another in due time. I've been waiting for the sky to fall for a couple years now, but my situation has never been better.
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Post by greghopper on Jul 24, 2018 20:49:58 GMT -5
I just can’t help but feel like riding on low priced goods has created a false sense of security for us. We not only get to buy our stuff cheaper because of the cheap price to get things made over seas but we have to pay our people less to stay competitive. The politicizing happens when US companies move manufacturing to non US soil to avoid the taxes and other overhead. I think America is large enough and has enough workers to largely self sustain. Why are we buying Chinese steel and aluminum when American steel and aluminum plants right here in the great state of Indiana are closing their doors because the cost of doing business in the United States is too much. Don’t know if I made any point but I’ve typed to much to read now, no turning back lol Cheaper, better quality is bad but paying more for American made is good? You pay the price. Good luck with that. So, in essence, protectionism is good even if you pay more. Your opinion, your mistake...... Why do US companies move abroad? Think about it. To get rich from cheap labor... that's why theymove plain and simple! It's not to increase quillty of any products!
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Post by greghopper on Jul 24, 2018 20:55:50 GMT -5
I don’t mind paying more for American made goods when I make that choice. I don’t see cheaper, better quality coming from overseas most times. Cheaper, yes, better quality, no. Self sustainment sounds good to me. Exactly
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Post by jimstc on Jul 25, 2018 6:03:20 GMT -5
I respect all of your opinions. Nonetheless, reread the article and think again. US companies move production abroad to take advantage of cheaper labor. not increase quality. I never meant to imply otherwise. My point is freedom of choice. It is easy for us to pound our chests and say we will be glad to buy American and pay more, a lot more, until we do. Then your buying power shrinks, your savings shrink and your well being is diminished. If you are feeling good about your current situation it is because the effect of the tariffs have not affected you yet. But they will and it will be interesting to see how you feel then. How about the people who are losing jobs already and companies that are on the verge of bankruptcy? Where is your compassion for them? They are Americans or are they just collateral damage? Honestly, I don't know why I ever bring this topic to the forum. LOL!!
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Post by lawrencecountyhunter on Jul 25, 2018 6:37:50 GMT -5
I respect all of your opinions. Nonetheless, reread the article and think again. US companies move production abroad to take advantage of cheaper labor. not increase quality. I never meant to imply otherwise. My point is freedom of choice. It is easy for us to pound our chests and say we will be glad to buy American and pay more, a lot more, until we do. Then your buying power shrinks, your savings shrink and your well being is diminished. If you are feeling good about your current situation it is because the effect of the tariffs have not affected you yet. But they will and it will be interesting to see how you feel then. How about the people who are losing jobs already and companies that are on the verge of bankruptcy? Where is your compassion for them? They are Americans or are they just collateral damage? Honestly, I don't know why I ever bring this topic to the forum. LOL!! Because most here, I think you included, are capable of disagreeing with each other on certain things but still respecting each other and their opinions.
Will prices on things go up? Probably. Will it be significant or noticeable? I don't know.
As far as jobs, I see a lot more factories reopening, relocating, and hiring in the U.S. than closing their doors. Unemployment is low and companies are increasing wages to attract workers. It's easier to pay an extra $10 for a cell phone or an extra $25 for a kitchen sink if you have a full-time job, keep more of what you earn (taxes), and get regular raises.
I hate to see anyone suffer by losing jobs, but if we create or retain 10 new jobs for every one that is lost, is that not a net gain, and a vast improvement over the previous decade?
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Post by jimstc on Jul 25, 2018 6:51:37 GMT -5
I respect all of your opinions. Nonetheless, reread the article and think again. US companies move production abroad to take advantage of cheaper labor. not increase quality. I never meant to imply otherwise. My point is freedom of choice. It is easy for us to pound our chests and say we will be glad to buy American and pay more, a lot more, until we do. Then your buying power shrinks, your savings shrink and your well being is diminished. If you are feeling good about your current situation it is because the effect of the tariffs have not affected you yet. But they will and it will be interesting to see how you feel then. How about the people who are losing jobs already and companies that are on the verge of bankruptcy? Where is your compassion for them? They are Americans or are they just collateral damage? Honestly, I don't know why I ever bring this topic to the forum. LOL!! Because most here, I think you included, are capable of disagreeing with each other on certain things but still respecting each other and their opinions.
Will prices on things go up? Probably. Will it be significant or noticeable? I don't know.
As far as jobs, I see a lot more factories reopening, relocating, and hiring in the U.S. than closing their doors. Unemployment is low and companies are increasing wages to attract workers. It's easier to pay an extra $10 for a cell phone or an extra $25 for a kitchen sink if you have a full-time job, keep more of what you earn (taxes), and get regular raises.
I hate to see anyone suffer by losing jobs, but if we create or retain 10 new jobs for every one that is lost, is that not a net gain, and a vast improvement over the previous decade?
I guess the bottom line is we have no way of knowing until the effects of the global trade wars are fully felt. I honestly hope you are right regarding new job creation and production coming back to the US. And yes, I respect everyone's opinion and enjoy spirited conversations. You answered my question....
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Post by freedomhunter on Jul 25, 2018 7:07:42 GMT -5
China consumes a lot of exported products made in the good ole USA, up to 70% of one industry I am familiar with. Big time slippery slope if they get retaliatory, it will kill some of our industries. We got ourselves here.
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Deleted Member
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Post by Deleted on Jul 25, 2018 7:17:17 GMT -5
China has a 25% tariff on all goods coming into China for all nations. Plus, no one can own a company in China. The socialist government must be majority owner. Now the playing field is level. That is why it is set at 25% to match. Maybe someday China will stop playing games and drop their tariff and play on a level field.
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Post by Woody Williams on Jul 25, 2018 17:20:40 GMT -5
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Post by Pinoc on Jul 25, 2018 20:37:25 GMT -5
People love to criticize Trump but very few of those same people will ever give him credit when things work out for the best.
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Post by beermaker on Jul 27, 2018 4:36:20 GMT -5
Disclaimer: I am in no way an economist or a financial scholar.
Why shouldn't trade be a level playing field? I asked my ultra-liberal-Trump-hating FIL and all I got was more BS about Russia and the porn star. It's an honest question that I have yet to hear an answer to.
I am in the construction business and am on job sites all day every day. I absolutely cannot remember the last time I went a whole day without hearing contractors complain about not being able to find any help.
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Post by jimstc on Jul 27, 2018 5:02:32 GMT -5
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Post by greghopper on Jul 27, 2018 6:02:52 GMT -5
Disclaimer: I am in no way an economist or a financial scholar. Why shouldn't trade be a level playing field? I asked my ultra-liberal-Trump-hating FIL and all I got was more BS about Russia and the porn star. It's an honest question that I have yet to hear an answer to. I am in the construction business and am on job sites all day every day. I absolutely cannot remember the last time I went a whole day without hearing contractors complain about not being able to find any help.Exactly......there is more work then people that want to work.
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