05-13-2019, 05:36 PM
(05-13-2019, 04:54 PM)jj22 Wrote: Tom Cotton says it's worth the sacrifice.
https://www.cbsnews.com/news/tom-cotton-says-sacrifice-of-americans-paying-tariffs-is-minimal-compared-to-those-serving-overseas/
I'm willing to give Trump some time, but what is the end game? Where is the 200B that China is getting taxed going? To the deficit?
The important thing to note, here, is that tariffs aren't paid by China; they are paid by US consumers. The way to not pay tariffs is to not purchase goods from China.
The main way this trade war hurts China is by companies looking to move manufacturing out of the country and into others to avoid tariffs. This is something that has already been going on for years because of rising labor costs and other costs of doing business in China. So there is some impact, but it is not as substantial as we'd like to think it is.
Edit to add: personally, I try to avoid Chinese goods in general. I like to support American companies with American made products. That being said, so many of the manufacturing these companies need is just more cost effective for it to be done in China. Even American made products often have materials that are imported because it's just plain cheaper and it helps them compete. I'm not against tariffs, though, I just think this trade war is an ill-advised one. But I'm also not a neo-liberal type of Democrat, either.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
