Posted on 12/13/2016 10:04:28 AM PST by Brian Griffin
What is your background if I may ask?
No we don’t need any of that mucking up our system...just need to stop the other countries from cheating and taking advantage of us!
To hard. Just an across the board 20% tariff on all imported manufactured goods.
Brian Griffin is the talking dog from Family Guy.
I don’t care what your plan is. I care what trumps plan is
“To hard. Just an across the board 20% tariff on all imported manufactured goods.”
Chinese per hour labor costs are a third of the US.
A 20% tariff would simply make Chinese-made stuff 20% more expensive.
A 20% tariff would not alter the trade deficit.
Only financial balance requirements will alter the trade deficit sufficiently.
I have a BSEE and used to do computer programming work.
The purpose of the tariff is to promote industry in the USA. It works every time. 20% is more than enough. Learn history.
“I don’t care what your plan is. I care what trumps plan is.”
Trump is a real estate expert.
Trump doesn’t understand industrial processes.
I have an engineering degree.
I know what an industrial system needs to function.
I also understand that money must flow all around the world to meet the needs of all and not merely into Wall Street, Greenwich and the Chinese Central Bank.
Trump is picking too many people with too much money that don’t truly understand how sick the US economy really is.
I grew up in upstate New York and I understand why Canada insisted on a financially balanced auto trade even before I was born.
“The purpose of the tariff is to promote industry in the USA. It works every time. 20% is more than enough. Learn history.”
The Chinese economy was built on the hard work of young women from rural villages who worked on one-year factory labor contracts for about $1,000/year.
I’m sure the rate is much higher now, probably around $6,000/year.
That’s about $3/hour. Other Chinese factory workers might get $5/hour.
Raising the effective cost of Chinese labor to $3.60/hour or $6/hour with a 20% tariff will still allow the hard-working Chinese to beat out $10/hour+ US labor.
An excellent knowledge of history is never a substitute for basic math or basic reasoning.
your proposal is basically anti American in the sense we are a free nation
For example TV's. I would guess there is ONE labor hour in a typical TV imported form China(or elsewhere). I make this guess based on the rule of thumb that it takes 30 man-hours to make a car. This is documented fact. So my assumption is that a TV needs 1/30 of the labor to make compared with a car. Not a bad assumption so we'll go with that.
So when you buy a $500 TV you will pay for 1 man-hour factory labor. So let's say the TV is made in China. Labor is $3.00/hr. If that TV was made in the USA the labor would be $30.00/hr. The TV would cost $530.00 with higher domestic labor costs. So to make up that difference in labor costs a 20% import duty would do that little trick just fine. You could make TV's in the USA again and still have money left over! Well until your competitions moves back to the USA.
Don't disagree with me you'll look like an idiot.
What if we let the yuan float and regardless of what China says. If the currency markets control it, wouldn’t that create a more fair market?
He has plenty of people to help him
He didn’t call you up so I guess you engineering degree didn’t help you
I have built consumer electronics for twenty years (mostly cell phones). I can tell you they do not know down to the second how long it takes but they know instead how long it should take and how long it did take.
Mixed in with all the calculations are many intangibles like the cost of poor quality and the total cost of production. That number is a basically a monthly P&L statement. Direct labor is actually a small fraction of the cost of assembly most of the costs are overhead costs. Much of the overhead is a fairly fixed cost. Another huge intangible is the shipping charges. Expediting finished goods to the distributor or end user can be expensive. I had a friend who made transmissions for GM. Sometimes they would have to rent a small fleet of helicopters to get them to GM on time.
“Brian Griffin is the talking dog from Family Guy. “
And the smartest one in the show, yes? Quite a coincidence. Look, he even got canned fruit covered and that’s mighty impressive. I mean, who thinks of canned fruit?!? Must have spent days on this. Wow. I sure hope Trump sees the genius here and gives him a call.
“What if we let the yuan float and regardless of what China says. If the currency markets control it, wouldn’t that create a more fair market?”
A big problem of the Chinese government is corruption.
The Chinese government can’t solve the corruption problem even though they can kill the perps.
Expecting the mainly godless Chinese to play fair is like expecting a rattlesnake not to bite when picked up.
“your proposal is basically anti American in the sense we are a free nation”
Our economic competitors are mainly China, the EU and Japan.
China certainly isn’t free.
The EU certainly believes in import rejection by regulation and language multiplicity. How’s your Welsh? Can you even read the laws that govern business in Cardiff?
Japan simply works with the understanding that Japanese will do what is good for Japan. If Japanese regulations won’t stop the flow of American goods into Japan, Japanese patriotism will.
Strangulation of American exports by regulation, verbiage and nationalism is how the rest of the industrialized world plays ball.
Financial balance requirements simply mean when nations play economic ball, they all win, not just China and the sliver of the USA north and east of NYC.
A sensible approach for a healthy domestic economy. They've held their own despite an aging, shrinking population and a financial situation that's just as shaky as our own if not more so.
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