Posted on 01/26/2017 8:21:23 PM PST by TBP
Edited on 01/27/2017 9:12:03 AM PST by Jim Robinson. [history]
President Donald J. Trump didn't wait long to act on one of his signature campaign promises, announcing just moments after being sworn in as the country's 45th president that the U.S. intends to withdraw from the Trans-Pacific Partnership and that he will renegotiate the North American Free Trade Agreement "to give American workers a fair deal."
Your neighbor's job??? Apparently you don't have a job...And as you state, you don't care who loses their job as long as it benefits you...You are why we elected Trump...
You don't understand free enterprise, do you?
The free market unavoidably creates winners and losers as it continually evolves and rearranges itself. If you happen to be one of those losers, you are forced to adapt and find a new job. In the process the economy becomes more efficient.
Left to itself, the free market creates great wealth. Attempts by government to restrict the market end up making it less efficient and the people poorer overall.
So, I take it you'd amend the Constitution, if you could, so that liberal states would be free to protect themselves from conservative states?
After all, why should low-tax, low-regulation states be free to steal jobs from liberal, corrupt states?
No, the problems with interstate commerce was one of the reasons the Articles of Confederation failed, and that is why the Constitution included the bits about interstate commerce. Our nation is a union of states.
In spite of what the globalist communists such as you would like, the USA is still a sovereign nation. Our trade with other nations is not like our trade between our states. Our trade with other nations is supposed to be the primary source of revenue for the federal government.
Has it occurred to you that perhaps employers might not bring jobs back here, but instead hire there and sell there? That hurts everyone.
The other countries will retaliate, making it more expensive and difficult for cars (and other products) made here to be sold there, which will make it harder and more expensive to create American jobs in the export industries.
A 20 percent tax is likely to result in significantly higher prices, not “slightly higher”.
As usual the position that all other things would remain equal. The assumption that the decrease in regulatory burdens & cheaper American energy sources would have no effect. Ho hum.
Actually, that is your position. The idea is that everything else will be changing because of this one policy, and not for the better. It causes job loss in both the USA and Latin America, raises prices, and reduces both imports and exports (which are both large industries.)
The effects of this action would limit and undermine the beneficial effects of regulatory reform and tax cuts. If you really want the economy to boom, you do those things and leave the “border tax” out of it.
But you do undertake strong enforcement of immigration laws. If you enforce the laws on teh books and enact regulatory reform and tax cuts, you don’t need the border tax to get our economy growing — and in fact, you undermine some of the very effects you’re seeking. You’d hve more growth with those measures and without the border tax than you would with those measures AND the tax.
What is the point of cutting taxes on one hand and raising them on teh other?
Precisely.
Thank you. I thought I had included it, but apparently, I didn’t.
I think this is a dead horse. The 20% tariff is a bargaining tool and is a way of encouraging manufacturing to remain in the US/return to the US because it makes the likelihood of profit for American companies higher. So does the promised decrease of corporate taxes, decreased regulatory burden & the low penalty window of opportunity to move companies’off shore profits back to the US.
There may be some increase in price to the consumer but this may be less than expected because of the decreased tax burden, decreased energy cost etc.
The increase in prices to the consumer postulated in this situation are as a direct result of the cheaper foreign goods no longer being available; these are the prices that would rise. American goods would become more competitively priced relatively.
The foreign goods pricing is currently being subsidized by unfair trade practices where America is being bled of jobs and a manufacturing base to supply cheap goods from China etc. That cost is not measured in your scoring rubric. It is basically a devouring of the capital or equity of the Nation to allow cheap goods for consumption.
Just like reverse mortgages you come to the end of the road where America has no house left.
You also discussed the effect of retaliation by other countries making it difficult for us to sell goods to them. That is why its called the Art of the Deal.
Those Nations are not buying from us to be nice. They need the goods and we deliver them at a price they see as a value. They need us to consume their goods; we are a tremendous % of the purchasing power of the world. Things will shake up a bit, there will be Kabuki theater and the trade deals will eventually be more equitable then they are now. Allowing fear-mongers to preside over the hollowing out of America serves no one but our enemies.
We are not the only producers of most of these things, nor are we the only potential customers. if the cost of buying from us goes up, they’ll buy what they need elsewhere. If we raise the cost of selling to us so that we impinge on the profitability of doing so, they’ll sell to someone else.
And your point?
Its disingenuous to say” we (are not) the only potential customers”. Its a numbers game, they will lose market share. The things they sell to us are not in short supply & the others that can afford to buy them already are doing so.
That’s why its a balancing game. Both sides have skin in the game. We need to do a better job making sure America’s interests are protected for the long term welfare of our country. Partner nations are already taking care of their own interests.
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