“Many of you claim companies like Nike (Peter uses this example) are really going to open new factories in the United States as an end run around tariffs considering the costs involved and the labor?”
It might cost Nike $2 more a pair to make them in the USA.
It’s time Nike contributed to the heavily black communities of the USA.
I have noted before . . . tariffs fail if they are successful.
It’s about tariff revenue, trying desperately to address the $37T debt and its interest at 3.4% composite rate.
If factories move to the US, then the tariff on those products fail to generate revenue, because you were successful moving the factory to the US.
Or if people stop buying the product because the price went up, then again, you stop collecting tariff revenue and fail to address the $37T debt and its interest.
So tariffs fail to generate revenue if they are successful in ending the buys of foreign made products.
Which is more important? The debt. And compounding interest. Overwhelmingly so.
If that.
Nice idea, and it would be great to offer city kids a step onto the positive reinforcement work ladder producing a perceived high prestige item, even with an employee purchase plan.
Didn’t Napolean say something like Europe was won with a handful of ribbon?