Tariffs also lower costs. Our raw materials that China has slapped tariffs on are getting cheaper for our domestic manufacturers. A one-sided view like the WSJ is fallacious.
This is why we need across the board tariffs, and not just on Chinese goods.
Then stop buying your raw materials from China and proudly put 100% MADE IN THE USA in big letters on the package. People will pay a few bucks more over Chinese crap.
If so please explain the economic growth of China, a nation who imposes tariffs on America while we wave their products in free of charge?
So you are advocating we do nothing.
This issue is why Donald Trump is the President.
America is buying WAY too much imported stuff from China.
Currently at an all-time record high, trade deficit, America is running with China.
Highest ever. Between any two countries. In all human history.
And it is getting even worse, this year.
Every. Single. Month.
That increase would put Standard Textile at a major disadvantage against foreign competition. The company paid $2.9 million in duties for greige last year, and this would add up to $7.5 million more to its manufacturing costs. Finished textiles made by Chinese workers would continue to face the old tariff of 6.7%.
...
So the lesson here is to raise the tariff on on finished textiles.
They want our country and we want cheap turtle sand-boxes. Deal! /do I have to but the bloody f-in sarcasm label here - probably because those stupid enough to fall for the "deal" are too stupid to understand how stupid they are.
Then stop buying cotton China until they remove ALL tariffs, subsidies and other barriers from American exports.
What are you really worried about? Seems the leftist, anti-Trump WSJ is your favorite referendum material these days...
tariffs are “central planning”. Why would they put a higher tariff on greige stock than on finished goods? Because it’s complex, and they screw up. But somehow free markets manage to do things well, because screw-ups go away. When the central planners do these things, the mistakes just roll and roll.
The dummies at the Wall Street Journal are doing their version of the liberal tear jerker. I would expect that China is not the only source of “a raw fabric known as greige”
In fact, a quick search finds that India is also a big producer of griege fabric. See here: http://www.balavignaorganic.com/greige-fabric.php
Hey, Reaganaut1, haven’t been to the grocery store recently have you? Gallon of milk, $2.45 vs. $4 : jumbo eggs $1.13 vs. $2.65. Like lobsters and etc. foodstuffs the Chinese were importing from us at top $, the american consumer is now once again buying at affordable prices. Once Trump’s policies break the Chinese mercantilist trading system prices will tend to equalize worldwide for consumer goods. And if you think the WTO doesn’t use tariffs in its “negotiated” trade regulations you are even more naive than the WSJ.
The economy is booming. There are more jobs available in the USA than people looking for work.
Anyone who loses a job, can easily find another.
Time to straighten out our trade deficit. Go Trump Go!
They'd be perfectly happy with trillion dollar deficit and an annihilated manufacturing sector, as long as the Wall Street industrialist boat isn't rocked.
Ask them how many subscribers/readers they've lost over the last 2 years. Keep us posted on the layoffs.
It’s simply impossible for Standard Textile to ever, ever manufacture griege goods in the US. /s
From todays WSJ: “A shortage of specialized workers including welders and truck drivers is exacerbating the crunch. The number of job openings in manufacturing climbed to 482,000 in June, the Federal Reserve Bank of St. Louis said Tuesday, the highest level in 17 years.”
1/2 million job openings just in manufacturing. Don’t Worry (about tariffs), be Happy (for the USA)!
They are singing from the Koch brothers "how to destroy America" song book.
Bullwhoof....mercantilism plays to America’s strength as we remain (at least for now)leaders in tech, aviation, capital formation, industrial processes, natural resources....account for 25% to 30% of the world economy.
Only in exploited semi-slave/slave labor do we significantly trail anyone.
Free trade, like feminism, is what the globalists have programmed/conditioned even the educated to rote respond.
As a bizguy with a Fortune 500 & 1000 C level leadership career (finance and ops side), I pretended my EVP of Purchasing just came to me with his Chamber of Commerce lapel pin glinting and breathlessly gasped Trump’s insanity had crushed our supply of greige and we were doomed.....in his/her/its presence, I googled griege suppliers....https://panjiva.com/Manufacturers-Of/greige+rolls
Top results as I suspected...India, Pakistan, Viet Nam, Indonesia....a very long list.
I then fired the EVP on the spot and slacked his/her/its assistant the google link and told him/her/it to beat the previous price by 10% and his new salary would be 20% higher than the old buyer....come see me at COB with the solution.
Thanks for the trip down memory lane. I miss it sometimes...but I don’t....can’t deal with the his/her/its culture so I cashed out.
China, Germany, and South Korea all built their Top 10 world INDUSTRIAL economies using tariffs at American expense. Japan has done it twice. All, except Red China sheltered under our historical 4% to 6% of GDP defense shield......after spending trillions in today’s dollars to save the world from Germany, Japan, Red Russia and now Red China....
About time we take off the gloves and carve out a bigger piece of the world pig.
Free traitors have cost more US jobs than 100% tariffs on everything would.