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High tariffs on imports help to bring back USA manufacturing no doubt. All sufficiently large economies should protect their domestic industries with tariffs.
by SlipperySlope 7y ago
High tariffs on imports help to bring back USA manufacturing no doubt.
All sufficiently large economies should protect their domestic industries with tariffs. Otherwise its a race to the bottom for labor wages.
- Bombthecat 7y agoStory time : from my boss his son is specialized in factory logistics for production lines. He helps plan to build streets transportation plans how much when where how etc. He looked into jobs in us and Japan / China. When he looked at the US it was basically : planning canceled, canceled, stopped, pushed back for later etc etc. So he moved now to China. So, from a data point of one. It does not look so great...
- tonyedgecombe 7y agoThen your own industries will become complacent, leaving everybody poorer.