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I thought that Trump's idea (Scenario 4?) was to raise the import/tariff fee so that it would essentially cost the same regardless of where it was manufactured.
by aninteger 10y ago
I thought that Trump's idea (Scenario 4?) was to raise the import/tariff fee so that it would essentially cost the same regardless of where it was manufactured. Another option would be to eliminate things like NAFTA. I'm not saying these are good ideas (in fact they may be terrible), I just want to point out additional scenarios.
- WalterBright 10y agoA better approach would be to make it attractive to operate in the US.
- adventured 10y agoI don't support Trump's plans regarding tariffs / trade, however he is also supporting slashing the extremely non-competitive US corporate tax rate. Doing that - bringing it down to levels comparable to European rivals - would instantly make the US a lot more attractive to operate in. And unfortunately while Bill Clinton strongly supports slashing the corporate tax rate, Hillary is just as strongly opposed to doing so.
- dba7dba 10y ago> extremely non-competitive US corporate tax rate I'm hearing actual tax rate in real life is not that high, because of all loopholes used by the corporations.
- snowwrestler 10y agoThe actual rate is lower because corporations keep so much capital off shore because the nominal rate is so high.
- WalterBright 10y agoAn economic policy based on punishing businesses is not going to work well in the long term.