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The problem is that the tariffs are so broad in ways that don’t help US industry; and there are few supply chains wholly within the US so you end up hurting US
by bobthepanda 8mo ago
The problem is that the tariffs are so broad in ways that don’t help US industry; and there are few supply chains wholly within the US so you end up hurting US manufacturing as well.
It doesn’t really make sense, for example, that we slapped tariffs on Madagascar, when the primary reason we run a trade deficit with them is that they grow vanilla which cannot be grown in the US.
- Aloisius 8mo agoSeveral species of vanilla are indigenous to Puerto Rico. Indeed, Puerto Rico used to be the ninth largest vanilla producer in the world. Vanilla will happily grow in parts of Florida and the USVI as well.
- ncruces 8mo agoSo that's the goal? Onshore vanilla production, now cheaper than Madagascar given the 47% tariff? No wait; the tariff was reduced to 10%, maybe 15? Something.
- AngryData 8mo agoIt seems doubtful considering the immense labor cost of vanilla production combined with the persecution of people most willing to do those jobs.
- bobthepanda 8mo agoGiven the current discourse around recent events involving Puerto Rico I highly doubt encouraging things there is the intended point of anything.