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- #281
The US consumer has been given the choice of paying higher prices and supporting US manufacturers or lower prices for goods manufactured in other countries that have lower wages. The US consumers support choose the lower priced item the vast majority of the time.I agree but our main problem with China is the theft of out companies patents and not allowing our guys to enter china to do businessNow it's even worse They won't be buying soybeans from us now and their 5G company now playing footsie with russia as putin calls Xi his best friendYes it might but I'm seeing layoffs , IBM 1700 for example and as industries get hurt with trumps tariffs unemployment should rise ,,The fed sees trouble up ahead as on CNBC they say 3 fed cuts are built into our markets now
There is no way to keep labor markets tight, if we keep letting the Chinese fuck US on trade balance.
We cant' sustain ever larger trade deficits year after year. Even if it is "Worse" "now", if that it the cost of getting them to stop this shit going forward, that would be worth it.
Just letting them continue to fuck US, is not a viable option.
THose issues get a lot of attention because they are very identifiable. But the over all use of their manufacture of products using vastly cheaper labor than legal in the US, is likely to be an advantage to their manufacturers, that American manufacturers will struggle to compete against.
The idea of having First World workers compete against Third World labor, on a level playing field has been tried. And the results have been a freaking disaster for US.
Trump is proposing we will no longer give the US consumer the choice of lower priced foreign manufactured goods. Trump is closing the US market. Capitalism was not built on cl0sed markets.