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Right, and you're not even discussing the subsequent tariff war. Other countries would tax the hell out of American goods, global demand for our goods will fall
by achompas 15y ago
Right, and you're not even discussing the subsequent tariff war. Other countries would tax the hell out of American goods, global demand for our goods will fall, we'd produce less, companies would make less money, and people would lose their jobs.
- ck2 15y agoWe barely sell anything overseas as it is - what exactly are they going to "tax the hell out of" ? Have you seen the mountain of shipping containers in our ports from inbounds with no outbounds? They are stacked a dozen high over HUNDREDS of acres of land. No exaggeration. We are the only potential consumers of our own products - because every other job has been shipped overseas that can easily shipped. Most of what is left is services and assembling components made elsewhere (auto industry).
- achompas 15y agoI'm tired of hearing this from people. The US exported more than every country except China and Germany last year.[0] We're the leading producer of airplane components and engines, and we still produce a high volume of heavy equipment that goes overseas. [0] http://www.nationmaster.com/graph/eco_exp-economy-exports http://www.nationmaster.com/graph/eco_exp-economy-exports