If boosting domestic manufacturing is a goal of the current regime, why..............

[berg80]

....end the policy objectives of the Biden admin that lead to a tremendous buildout of manufacturing facilities?

Unpacking the Boom in U.S. Construction of Manufacturing Facilities
The United States has experienced a striking surge in construction spending for manufacturing facilities. Real manufacturing construction spending has doubled since the end of 2021 (Figure 1).[1] The surge comes in a supportive policy environment for manufacturing construction: the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act each provided direct funding and tax incentives for public and private manufacturing construction.
We explore the surge along three key dimensions:

• The boom is principally driven by construction for computer, electronic, and electrical manufacturing—a relatively small share of manufacturing construction over the past few decades, but now a dominant component.
• Manufacturing construction is one element of a broader increase in U.S. non-residential construction spending, alongside new building for public and private infrastructure following the IIJA. The manufacturing surge has not crowded out other types of construction spending, which generally continue to strengthen.
• Finally, we put the trend in international context. While it can be difficult to compare such granular data across countries, the surge appears to be uniquely American—not mirrored in other advanced economies.

https://home.treasury.gov/news/feat...n-us-construction-of-manufacturing-facilities

Why go down this road, the tariff road, instead?

Here's a more detailed explanation:

• Higher Costs and Reduced Consumption:
  Tariffs, essentially taxes on imported goods, increase the price of those goods, making them less competitive and potentially leading to reduced consumption.
• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.
• Reduced Trade Volumes:
  Tariffs can discourage international trade, as they make it more expensive for businesses to import and export goods, leading to a contraction of trade and potentially impacting global value chains.
• Impact on Global Value Chains:
  Tariffs can disrupt global supply chains, as many goods are produced using inputs from multiple countries. When tariffs are imposed, the cost of these inputs rises, potentially making the final product more expensive and less competitive in global markets.
• Potential for Retaliation:
  One country's tariffs can trigger retaliatory tariffs from other countries, leading to a trade war that can further disrupt global trade and economic activity.
• Job Losses:
  Tariffs can lead to job losses in industries that rely on imported inputs, as the higher costs of those inputs can make them less competitive.

q=why+tariffs+create+inefficiencies&oq=why+tariffs+create+inefficiencies&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRiPAtIBCjI4MzQyajBqMTWoAgiwAgHxBVzq7-YaxOXD&sourceid=chrome&ie=UTF-8

The answer is simple enough. trump believes in destructive tariffs but not the destructive forces continuing to be unleashed by global warming.

 

[kyzr]

Why borrow/burn taxpayer dollars instead of making corporations move here and spend their own money?


...one of bergs better daily TDS threads, at least there is something to debate here...

 

[Anathema]

....end the policy objectives of the Biden admin that lead to a tremendous buildout of manufacturing facilities?

Unpacking the Boom in U.S. Construction of Manufacturing Facilities
The United States has experienced a striking surge in construction spending for manufacturing facilities. Real manufacturing construction spending has doubled since the end of 2021 (Figure 1).[1] The surge comes in a supportive policy environment for manufacturing construction: the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act each provided direct funding and tax incentives for public and private manufacturing construction.
We explore the surge along three key dimensions:

• The boom is principally driven by construction for computer, electronic, and electrical manufacturing—a relatively small share of manufacturing construction over the past few decades, but now a dominant component.
• Manufacturing construction is one element of a broader increase in U.S. non-residential construction spending, alongside new building for public and private infrastructure following the IIJA. The manufacturing surge has not crowded out other types of construction spending, which generally continue to strengthen.
• Finally, we put the trend in international context. While it can be difficult to compare such granular data across countries, the surge appears to be uniquely American—not mirrored in other advanced economies.

https://home.treasury.gov/news/feat...n-us-construction-of-manufacturing-facilities

Why go down this road, the tariff road, instead?

Here's a more detailed explanation:

• Higher Costs and Reduced Consumption:
  Tariffs, essentially taxes on imported goods, increase the price of those goods, making them less competitive and potentially leading to reduced consumption.
• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.
• Reduced Trade Volumes:
  Tariffs can discourage international trade, as they make it more expensive for businesses to import and export goods, leading to a contraction of trade and potentially impacting global value chains.
• Impact on Global Value Chains:
  Tariffs can disrupt global supply chains, as many goods are produced using inputs from multiple countries. When tariffs are imposed, the cost of these inputs rises, potentially making the final product more expensive and less competitive in global markets.
• Potential for Retaliation:
  One country's tariffs can trigger retaliatory tariffs from other countries, leading to a trade war that can further disrupt global trade and economic activity.
• Job Losses:
  Tariffs can lead to job losses in industries that rely on imported inputs, as the higher costs of those inputs can make them less competitive.

q=why+tariffs+create+inefficiencies&oq=why+tariffs+create+inefficiencies&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRiPAtIBCjI4MzQyajBqMTWoAgiwAgHxBVzq7-YaxOXD&sourceid=chrome&ie=UTF-8

The answer is simple enough. trump believes in destructive tariffs but not the destructive forces continuing to be unleashed by global warming.

How about because it shouldn’t be GOVERNMENT money building these manufacturing facilities. It should be private corporation money doing it.

 

[berg80]

Why burn taxpayer dollars instead of making corporations move here and spend their own money?

Tariffs result in..........

• Higher Costs and Reduced Consumption:
  Tariffs, essentially taxes on imported goods, increase the price of those goods, making them less competitive and potentially leading to reduced consumption.
• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.
• Reduced Trade Volumes:
  Tariffs can discourage international trade, as they make it more expensive for businesses to import and export goods, leading to a contraction of trade and potentially impacting global value chains.
• Impact on Global Value Chains:
  Tariffs can disrupt global supply chains, as many goods are produced using inputs from multiple countries. When tariffs are imposed, the cost of these inputs rises, potentially making the final product more expensive and less competitive in global markets.
• Potential for Retaliation:
  One country's tariffs can trigger retaliatory tariffs from other countries, leading to a trade war that can further disrupt global trade and economic activity.
• Job Losses:
  Tariffs can lead to job losses in industries that rely on imported inputs, as the higher costs of those inputs can make them less competitive.

 

[DGS49]

Tariffs result in..........

• Higher Costs and Reduced Consumption:
  Tariffs, essentially taxes on imported goods, increase the price of those goods, making them less competitive and potentially leading to reduced consumption.
• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.
• Reduced Trade Volumes:
  Tariffs can discourage international trade, as they make it more expensive for businesses to import and export goods, leading to a contraction of trade and potentially impacting global value chains.
• Impact on Global Value Chains:
  Tariffs can disrupt global supply chains, as many goods are produced using inputs from multiple countries. When tariffs are imposed, the cost of these inputs rises, potentially making the final product more expensive and less competitive in global markets.
• Potential for Retaliation:
  One country's tariffs can trigger retaliatory tariffs from other countries, leading to a trade war that can further disrupt global trade and economic activity.
• Job Losses:
  Tariffs can lead to job losses in industries that rely on imported inputs, as the higher costs of those inputs can make them less competitive.

Should start with, "...could potentially result in..."

Fails to include:
"Consumers modify spending habits to favor domestic suppliers."

 

[kyzr]

Tariffs result in..........

• Higher Costs and Reduced Consumption:
  Tariffs, essentially taxes on imported goods, increase the price of those goods, making them less competitive and potentially leading to reduced consumption.
• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.
• Reduced Trade Volumes:
  Tariffs can discourage international trade, as they make it more expensive for businesses to import and export goods, leading to a contraction of trade and potentially impacting global value chains.
• Impact on Global Value Chains:
  Tariffs can disrupt global supply chains, as many goods are produced using inputs from multiple countries. When tariffs are imposed, the cost of these inputs rises, potentially making the final product more expensive and less competitive in global markets.
• Potential for Retaliation:
  One country's tariffs can trigger retaliatory tariffs from other countries, leading to a trade war that can further disrupt global trade and economic activity.
• Job Losses:
  Tariffs can lead to job losses in industries that rely on imported inputs, as the higher costs of those inputs can make them less competitive.

Trump's tariffs worked well in his 1st term.

How can you be against "reciprocal tariffs"? We match their tariffs. If they don't want US tariffs, then drop theirs.

 

[berg80]

Should start with, "...could potentially result in..."

Fails to include:
"Consumers modify spending habits to favor domestic suppliers."

What that translates to is inflation because "modifying spending habits" is code for "paying higher prices" for goods manufactured domestically. It's a artificial distortion of the marketplace.

• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.

 

[22lcidw]

What that translates to is inflation because "modifying spending habits" is code for "paying higher prices" for goods manufactured domestically. It's a artificial distortion of the marketplace.

• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.

Two trillion-dollar yearly deficits.

 

[berg80]

Trump's tariffs worked well in his 1st term.

How can you be against "reciprocal tariffs"? We match their tariffs. If they don't want US tariffs, then drop theirs.

We've seen what reciprocal tariffs do. They escalate trade wars.

 

[ReinyDays]

Go to your local $1.25 store ... do you think we can produce this stuff that cheaply here in the United States? ... or is the Age of $7 School Shoes over? ...

 

[berg80]

Trump's tariffs worked well in his 1st term.

If that is true, why has the stock market lost $5T in value over the last three weeks due to trump's erratic tariff proposals?

 

[22lcidw]

If that is true, why has the stock market lost $5T in value over the last three weeks due to trump's erratic tariff proposals?

Who is of more value? A million-government people working at home doing mostly nothing or a million people working in manufacturing?

 

[Lesh]

Tariffs are a tax . A massive one in this case.

Since when are “conservatives” pro tax?


Oh yeah

Trump

 

[berg80]

Tariffs are a tax . A massive one in this case.

Since when are “conservatives” pro tax?


Oh yeah

Trump

Every utterance from Orange Jeeeeezus becomes unquestioned POT orthodoxy. No one dares defy him.

 

[berg80]

Why borrow/burn taxpayer dollars instead of making corporations move here and spend their own money?


...one of bergs better daily TDS threads, at least there is something to debate here...

Using trade policy to encourage domestic production and foreign direct investment.​

As noted above, one of the major focuses of the Biden administration was using a mix of subsidy and tariff tools to make it more attractive to produce in the United States. This was highly successful: Every public dollar is drawing in six from the private sector; and there have been six straight quarters of record-breaking contribution by manufacturing construction to GDP. Actual clean energy investment is up 71 percent in the two years following the IRA relative to the two years prior, has now surpassed investment in oil and gas production, and constitutes half of all new investment in the US. Seventy-five percent of announced investment is going to counties with below median income, with especially strong growth in communities previously reliant on fossil fuels, and 30 percent of the planned dollars are in counties most adversely impacted by the “China Shock.” This boom is also drawing in foreign direct investment, with an estimated 45 percent of announced investment in recent years coming from companies headquartered in Japan, South Korea, and other countries.

How Should Progressives Respond to Trump’s Tariff Threats? - Roosevelt Institute

Throughout his campaign and during his first few weeks in office, President Donald Trump has invoked the threat of tariffs on imported products more than perhaps any president in US history. And yet, he has also backed off of many of these threats almost as quickly.

rooseveltinstitute.org

 

[Mashmont]

....end the policy objectives of the Biden admin that lead to a tremendous buildout of manufacturing facilities?

Unpacking the Boom in U.S. Construction of Manufacturing Facilities
The United States has experienced a striking surge in construction spending for manufacturing facilities. Real manufacturing construction spending has doubled since the end of 2021 (Figure 1).[1] The surge comes in a supportive policy environment for manufacturing construction: the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act each provided direct funding and tax incentives for public and private manufacturing construction.
We explore the surge along three key dimensions:

• The boom is principally driven by construction for computer, electronic, and electrical manufacturing—a relatively small share of manufacturing construction over the past few decades, but now a dominant component.
• Manufacturing construction is one element of a broader increase in U.S. non-residential construction spending, alongside new building for public and private infrastructure following the IIJA. The manufacturing surge has not crowded out other types of construction spending, which generally continue to strengthen.
• Finally, we put the trend in international context. While it can be difficult to compare such granular data across countries, the surge appears to be uniquely American—not mirrored in other advanced economies.

https://home.treasury.gov/news/feat...n-us-construction-of-manufacturing-facilities

Why go down this road, the tariff road, instead?

Here's a more detailed explanation:

• Higher Costs and Reduced Consumption:
  Tariffs, essentially taxes on imported goods, increase the price of those goods, making them less competitive and potentially leading to reduced consumption.
• Distorted Market Dynamics:
  By artificially raising the price of imported goods, tariffs can lead to a shift in production and consumption patterns, potentially benefiting domestic producers at the expense of consumers and overall economic efficiency.
• Reduced Trade Volumes:
  Tariffs can discourage international trade, as they make it more expensive for businesses to import and export goods, leading to a contraction of trade and potentially impacting global value chains.
• Impact on Global Value Chains:
  Tariffs can disrupt global supply chains, as many goods are produced using inputs from multiple countries. When tariffs are imposed, the cost of these inputs rises, potentially making the final product more expensive and less competitive in global markets.
• Potential for Retaliation:
  One country's tariffs can trigger retaliatory tariffs from other countries, leading to a trade war that can further disrupt global trade and economic activity.
• Job Losses:
  Tariffs can lead to job losses in industries that rely on imported inputs, as the higher costs of those inputs can make them less competitive.

q=why+tariffs+create+inefficiencies&oq=why+tariffs+create+inefficiencies&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRiPAtIBCjI4MzQyajBqMTWoAgiwAgHxBVzq7-YaxOXD&sourceid=chrome&ie=UTF-8

The answer is simple enough. trump believes in destructive tariffs but not the destructive forces continuing to be unleashed by global warming.

I wish I could educate leftwingers on basic economic principles, but at NO time in history has government spending spurred economic growth. Leftwing leaders already know this, but don't care. It's the leftwing minions out there who believe it who are the problem.

Why Government Spending Does Not Stimulate Economic Growth: Answering the Critics

And how taxes affect economic growth. Proponents of President Barack Obama’s $787 billion stimulus bill continue to insist that the massive government bailout played a decisive role in moving the economy out of the recession. Yet assuming no destructive government actions, the economy’s...

manhattan.institute

 

[kyzr]

We've seen what reciprocal tariffs do. They escalate trade wars.

So you are for unfair tariffs?
Trump is 100% right to impose reciprocal tariffs. Fair trade and free trade mean fair tariffs.

 

[Dragonlady]

Why borrow/burn taxpayer dollars instead of making corporations move here and spend their own money?


...one of bergs better daily TDS threads, at least there is something to debate here...

Because NO CORPORATION is going to be moving to the USA because of Trump's instability. It didn't happen during his last trade war and it is even MORE unlikely to happen during this one, simply because the trade deals that Trump is currently tearing up are the ones that TRUMP negotiated in his last Administration.

Trump's 2017 trade war saw no change in the value of US imports. They continued to rise - unabated in any way. Americans didn't stop buying foreign made goods because it's impossible to buy American made clothing, toys, electronics, or household appliances. What went down was the value of US exports.

International Trade

www.census.gov

Much of American imports are materials needed for American workers - like lumber and aluminum. The USA makes less than 15% of the aluminum it uses. Manufacturers who need aluminum cannot make deals with ANYONE for their product, or expand production, because they don't know what their costs will be, or what their markets will look like.

This is what stifled manufacturing last time Trump slapped tariffs on everyone all of the time, but it's different this time. Your trading partners were ready for you this time, and they're refusing to play Trump's game this time.

Canada and Mexico WANTED to renegotiate NAFTA. We'd been asking the USA to update NAFTA for years. Tariff's weren't necessary to get us to the negotiating table. Whole different thing this time. These tariffs violate the USMCA Trade Agreement, and we're fighting back.

So are the rest of your trading partners. What good is making a deal with Trump, when he's just going to tear them up whenever he feels like it.

I'm waiting for Trump to decide to default on your debt. Just for shits and giggles. Like he did for all of his companies.

 

[Mac-7]

We've seen what reciprocal tariffs do. They escalate trade wars.

When trump puts a tariff on imported products because the importing country puts tariffs on US goods first, the resulting trade war is not trump’s fault

 

[berg80]

President Trump escalated his fight with Canada on Tuesday, threatening to double tariffs on steel and aluminum imports and pressing to turn one of America’s closest traditional allies into the 51st state. After several tense hours, both sides backed down, at least for now.

It was the latest in a week of chaotic trade moves, in which the president startled investors and businesses that depend on trade and clashed with some of the country’s closest trading partners.

In a post on his social media platform Tuesday morning, Mr. Trump wrote that Canadian steel and aluminum would face a 50 percent tariff, double what he plans to charge on metals from other countries beginning Wednesday. He said the levies were in response to an additional charge that Ontario had placed on electricity coming into the United States, which was in turn a response to tariffs Mr. Trump imposed on Canada last week.

Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents

The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.

www.nytimes.com

Lots of sound and fury accomplishing nothing.