Not only that but if the winds change direction and the tariff amounts change, it may change the "best" direction for a company to go in. If it takes months to build a new factory, but minutes to change policy, then how do you pick a path and execute to it?
Are tariffs still an OK topic?
- Thread starter Snagglefoot
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I saw this headline recently and it doesn't make much sense. I know there was a timeline but I don't pay attention. Ocean container ships arrive from China continually (like every hour of the day) along the US' west coast.
Checked.... The 145% tariff went into effect a month ago, April 9. It doesn't matter when the boat left China, it's when it arrives that the tariffs are determined (well, technically you can clear them up to (5) days before they dock).
Yes, April 10 after midnight actually. It takes two weeks to sail from China to LA. The means April 24. This ship was probably loading right after April 10, and an agreement had to be in place for the trinket buyers to commit to pay the Tariff before the shipping containers got loaded. It makes sense give a week or two. I doubt they would load containers that had no buyers.
What about small businesses that closed years ago because their intellectual property was stolen, proprietary goods were counterfeited and found out they couldn't compete fairly with companies paying $500 a month for labor?
And that is why we have IP Rights and it is up to Customs to block those goods.
These products do not make their way in to the country legally, better enforcement is needed of IP laws.
If managed/governed/guided well, America is one of the few countries that has a large enough internal economy and resources that can maintain a pretty good economy and average standard of living, without importing too many things like lots of cheaper manufactured goods from China. Like back in the past, where consuming disposable cheap junk wasn't an option. When one average income bought a modest home and a car, and the CEO only made 10-15x what the workers did.
But I think that will need a pretty large wealth redistribution, back to bottom 2/3's of income earners to pay manufacturing jobs a living wage which will be much higher than it is today, which is a hard sell to those already with lots of money.
The way the global money system is run now (by the US mostly), has made the US very rich both on paper and buying material items, but with less ability to be self sufficient for the basics, it is becoming more vulnerable to bad actors. As when push comes to shove, it is the material items and being able to manufacture things that are a necessity, is important to keep a country safe.
I think if import tariffs were based on the level of environmental/labor standards in the country of origin, (low standards=high tariffs) to make it a level playing field for US manufacturing, that could be a good balance of trade and domestic manufacturing.
But I think that will need a pretty large wealth redistribution, back to bottom 2/3's of income earners to pay manufacturing jobs a living wage which will be much higher than it is today, which is a hard sell to those already with lots of money.
The way the global money system is run now (by the US mostly), has made the US very rich both on paper and buying material items, but with less ability to be self sufficient for the basics, it is becoming more vulnerable to bad actors. As when push comes to shove, it is the material items and being able to manufacture things that are a necessity, is important to keep a country safe.
I think if import tariffs were based on the level of environmental/labor standards in the country of origin, (low standards=high tariffs) to make it a level playing field for US manufacturing, that could be a good balance of trade and domestic manufacturing.
But,but,but where will you get your smoked oysters?
I just dry brined some USA stewing beef now it’s in the smoker for a pot of chili
"Your gonna work in a factory, and you're going to like it"
I did, and I didn't.
OK, we are done here.
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