Posted on 09/10/2018 8:36:08 AM PDT by reaganaut1
That's why they aren't rushing to work this out. The voting block that controls the GOP wants this, and they will agitate for it even if it creates inflation and harms the economy.
“Trump should add that tarriff on imported chinese made final products.”
You NAILed it. Couldn’t resist the pun.
If Chinese made nails are the problem for the US company, Trump will solve that problem soon. Looks like he will add tariffs to all of China’s exports to the USA.
central_va. Comments?
Gee, you mean tariffs have a downside. I always thought it was free money. Silly me.
Tariffs help the entire country, at the cost of the few.
You have that completely backwards. The tariffs are a voluntary tax the US Government receives for the entire country from the choice of “one.”
Where did you go to school?
Problematic? This example will be used to hammer the Republicans and the President in the Fall elections, over and over again. Interviews with families of ten chilrun who are forced to turn to welfare, etc.
A recession in China will make its currency stronger as all recessions do. An expanding economy makes it weaker.
I would respond to you post but I cannot make head or tail of it. Tariffs are a voluntary tax? How you mean?
From the choice of “one” ? What does that mean? Who is the one? What is voluntary?
Tariffs take a good that another country can produce AND ship here more cheaply than we can just produce and then penalizes the people who want to buy those goods in order to protect the financial interests of the ipso facto less efficient domestic producer.
Everyone paying a tariff chooses to pay it. Doing so helps reduce the need to penalize reportable income earning.
Tariffs penalize foreign good purchases. Income taxes penalize the earning of reportable income.
Which tax is healthier for ANY country?
There was no alternative as a tax to the tariff at the Founding. Well, that is not entirely true since the federal government sold land for revenue as well.
“Mid Continent is the largest nail manufacturer in the U.S.”
Funny, I’ve never heard of them or seen their products and I live in MO.
Ahh, I see. (Magnum Fasteners) They make air nailer type nails and also hand driven nails but for hand nailing, only in 50 lb boxes. So basically, they’re market is professional construction.
http://www.magnumfasteners.com
Wonder if they could start selling 1 and 5 lb boxes to mid sized building supply stores like Meeks.
“Mid Continent Steel & Wire roots date back to 1952 when our parent
company founder, Don Cesar M. Gutierrez started a small wire shop in
Monterrey, Mexico. He started small as all entrepreneurs do, supplying
handmade chain link fence using second hand wire he purchased from
the U.S. This was merely the beginning of the journey of our parent
company, Deacero.
The origins of the name reflect the rich history of our subsidiary Mid
Continent Nail Corp with a presence in Missouri for over 25 years, which
joined the Deacero family in 2012. Its name convey the mission of our
company, to be located at the heart of the USA, reflecting and living the
values that make this country great such as hard work, respect,
optimism, a can-do attitude, and an indomitable spirit.”
So they’re a subsidiary of a Mexican company. Hey, that gives me an idea...
“Cheap foreign steel? No wonder all my nails seem to be bending lately.”
Heck, even the nails back in the early 70’s were imported and bent like crazy ... when i worked as a carpenter building houses then, one of the slightly older carpenters always like to claim that they were made of melted down beer cans that we shipped overseas ... he probably wasn’t too far off ...
[Does the tariff have a different impact depending on whether it is raw steel of a finished product? ]
Spoken like a true elitist. For low income people, buying a more expensive item isn't an option. The inflation generated by tariffs is a killer
Oh well, let them eat cake, I guess.
I purchase salary surveys twice per year for my industry. Wages have not been rising in that industry.
Of course, the most current reports have not been delivered yet, and things may have changed recently. And other industry segments may be showing different behavior. As you pointed out, employers are whining about "unable to hire qualified people".
Offering higher wages would seem to be the classical answer to that problem. Another answer is for employers to offer paid training/apprentice ships. Do you see such actions yet? I look forward to seeing these responses from the business sector.
Yes, the inside of the Phillips screws strip, and they even snap when tightening into hard wood. I’ve throw away whole packages.
You're missing an important point. The fees from the tariffs don't just vanish into thin air. They go to the government, which can use those funds to reduce taxes, or put into the economy in the form of government programs.
Tariffs, for Americans, from a cash point, are a zero sum game. From an American business standpoint, they provide a vital leveling from the phony "free trade" scam.
The WSJ has been pumping these stories of companies hurt by the tariff, and I recall another article on this or another nail company not a month ago.
They never once complained about other companies hurt by unfair trade practices and dumping.
Nice investigation, but I still like the concept of US manufactured nails.
People may not be aware of if but there are almost no US made screw-fasteners.
Try finding a US made drywall screw.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.