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Trust the plan and the process.We need to start manufacturing shoes and socks here in the US.

Aurornis 2y ago
Burning it all down to go back to making shoes and socks domestically is pure economic illiteracy. Literally any introductory Econ book would explain why this is nonsense. It’s depressing that this mindset is resonating with so many people who think it’s better to put massive taxes on basic necessities (tariffs are taxes) and destroy the economy.
- j4coh 2y ago
  Fairy certain the post you’re replying to was sarcasm.
- scarab92 2y ago
  The goal isn’t to repatriate low value manufacturing, it’s simply to create negotiating leverage to discourage other countries from applying asymmetric tariffs on the US. It doesn’t make sense for the US to allow other exporters in other countries free access to US consumers, while other countries charge US exporters for the same privilege.
  - ricardobeat 2y ago
    What countries were applying “asymmetric tariffs” to the US before? I think you misunderstood the message you’re trying to stand behind: when they talk about reciprocity they mean trade deficits (as if that made sense), not import tariffs. The majority of the world had very low import taxes on US products before this happened, and now they are only going up.
  - Peanuts99 2y ago
    Trade deficits are not tariffs, the average tariff paid by the US to the EU for goods for example is around 1%.
Glyptodon 2y ago
A grain of truth (onshoring more real production being desirable) doesn't really justify the "process" (which obviously isn't actually a process). And the understanding of the problem exhibited being so infantile it can't even conceive of circular trade does not give one confidence that there's any sort of great game theory happening.
root_axis 2y ago
Working Uber looks quaint compared to your proposed sock economy.
nhinck3 2y ago
What plan?
empiricus 2y ago
Lol, I see in the responses that ppl cannot recognize a joke.

Burning it all down to go back to making shoes and socks domestically is pure economic illiteracy. Literally any introductory Econ book would explain why this is nonsense. It’s depressing that this mindset is resonating with so many people who think it’s better to put massive taxes on basic necessities (tariffs are taxes) and destroy the economy.

j4coh 2y ago
Fairy certain the post you’re replying to was sarcasm.
scarab92 2y ago
The goal isn’t to repatriate low value manufacturing, it’s simply to create negotiating leverage to discourage other countries from applying asymmetric tariffs on the US. It doesn’t make sense for the US to allow other exporters in other countries free access to US consumers, while other countries charge US exporters for the same privilege.
- ricardobeat 2y ago
  What countries were applying “asymmetric tariffs” to the US before? I think you misunderstood the message you’re trying to stand behind: when they talk about reciprocity they mean trade deficits (as if that made sense), not import tariffs. The majority of the world had very low import taxes on US products before this happened, and now they are only going up.
- Peanuts99 2y ago
  Trade deficits are not tariffs, the average tariff paid by the US to the EU for goods for example is around 1%.

Glyptodon 2y ago

A grain of truth (onshoring more real production being desirable) doesn't really justify the "process" (which obviously isn't actually a process). And the understanding of the problem exhibited being so infantile it can't even conceive of circular trade does not give one confidence that there's any sort of great game theory happening.

root_axis 2y ago

Working Uber looks quaint compared to your proposed sock economy.

nhinck3 2y ago

What plan?

empiricus 2y ago

Lol, I see in the responses that ppl cannot recognize a joke.