How do American manufactures and those that have completely left the US and would contemplate coming back, compete with $0.17 cents an hr wages in China?
Tell us how when Unions power is curtailed and unnecessary govt regulations are removed and we have this Free Market you say will fix everything, American manufactures can compete with Chinese manufactures that pay their workers a small fraction what American workers get? Do you think Americans will and should work for less than a dollar an hr? What wage rate here in America brings back manufacturing? Numbers please.
There is not a free market economy because we allow the Chinese, India and Mexico and others to dump their cheap goods here while it is impossible to produce those same goods here unless Americans are willing to work for under a dollar an hr. Tariffs can force a fair market economy which imo is much freer than what we have now. Your theory is good but fails to address real world markets we live in.
My “theory” is basic Economics 101 which laws of supply and demand do not change with the ever-changing tides and winds of market conditions.
Socialist, anti-freedom thinking assumes the government is a stabilizing factor in the economy. Nothing could be further from the truth. Government interference has always shown itself to be the most disrupting factor of all in the economy. Normal disruption in the free market that comes from things like innovation and development breakthroughs lead to economic and market expansion and wealth creation. But government’s artificial disruption has no redeeming value but only leads to shrinking economy, scarcity, and poverty.
Contrary to the anti-free-trade mantra often mindlessly repeated, there is no such thing as “dumping cheap goods” with the implication that somehow these things are forced upon us. It shows a basic ignorance of the VOLUNTARY aspect of the free market economy. NOBODY is forced to buy or sell in the free market. It is VOLUNTARY. What you people all “dumping” is really consumer demand for the level of quality goods at the best price available. The CONSUMER, not government, is the king in a free market.
So your tariffs, which solve nothing and fail to address the core issues you are concerned about actually makes matters worse by artificially forcing higher costs to the American cosumer. This not only which hurts the individual consumer but also the overall economy because now there is less money flowing through our domestic channels.