Too bad Biden kept the tariffs Trump instituted during his term and increased them. Trump will add even more tariffs during his term, but I'm not confident that the democrat that follows won't also keep and add onto them.
this post was submitted on 24 Sep 2024
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To be fair, it's corporations choosing to raise the price instead of making less money. You see this exact argument from the other side when the left wants to make the wealthy pay taxes. Either way it's a deeply flawed argument.
Is there really any way to get us making things again?
Part of me feels like that would be better for workers, but I'm kind of a dumbass
Do you want things to be cheaper or wages to be higher (especially wages for those in low wage jobs).
There were ideals about competitive advantage. But the whole economy has been undercut by lower wages elsewhere that things got cheaper but not because of increases in productivity in the economy so wages went down.
There are a lot of pressure to deflate wages with free trade and immigration. But things that increase wages like market forces and limited labour aren't really a factor anymore.
Making things again would be taxes on imports, free education, tax breaks for RandD and investment. Also subsidies and blocks on exporting IP and knowledge.
So trumps tariff plan could get us making things in America again or no? It seems like workers had a lot more power and therefore higher wages before america de-industrialized and that was a better thing for the average person but I don't know I wasn't around then
I'm not American so I don't really know what's going on. It seems that people, especially on this website, can't see anything Trump says or does as a positive because he isn't on their team. But he certainly has said and done things that are right or a positive at least for some people. Can't just disagree with someone for the sole reason you don't like him.
But economics is complicated. For example trade barriers make things more expensive and could increase jobs or decrease them. Or more accurately increase in some areas and decrease in others. No one knows what's going to happen for sure, even looking back people disagree on what has happened.
But I personally think there has been too much emphasis on GDP growth around the western world and lower business costs rather than increasing discretionary income and jobs for lowest earners. So policies that are weighted for that rather than businesses I see as net gain at the moment.
Trump is an evil bigot but yeah even a broken clock is right twice a day. I can't stand people who dismiss or demonize an argument for the sole reason that it has been voiced by trump.
You mean like the tariffs to EVs that Biden announced?
How dare you point out the hypocrisy?! Seriously though, people downvoting you need to understand that while democrats are better than trump on most issues, they're largely the same on this particular issue, so it's not exactly a point that can be pinned solely on trump.
Those taxes didn’t really impact many things that American consumers can already buy.
They mostly hit Chinese manufacturers that were on the edge of releasing sub-40k EV in the US. Example: Geely’s Volvo ex30. That thing is a very compelling alternative to what Tesla offers.
A cheaper ev hitting us market would impact what americans can buy,
My point is that Biden’s 100% tariffs on Chinese manufacturers EVs do not increase the cost of living in the US. It basically keeps it the same, since Americans really aren’t buying BYD or Geely cars coming from Chinese manufacturing lines.
Trump’s proposed tariffs would increase the cost of goods people in the US are already purchasing, not just the goods people might purchase.
Yea, those are bad, too. Are you under the impression that we just don't have enough of them and that's the issue?
No, I mean that it's hypocritical criticising the other administration for following the same trend
A great deal of the Biden economic policy is focused on decoupling from China and moving outsourced corporate slave labor practices to US allies in India, the Philippines, Indonesia, Malaysia, and Vietnam.
But the rub is that these countries are just importing cheap manufactured surplus from China, rebranding it, and shipping it to the US after collecting a transfer fee.
So a lot of this isn't hypocrisy as much as it is the nationalist geopolitics of DC running into the greed and deceptive practices of international business interests.
The "slave labor" thing about china is 40 years too late. China now has wildly better working conditions than India or Phillipines or Indonesia or Malaysia.
Aren't you concerned with the cold-war-like escalation that we're seeing the US adopt against china?
Right, but it's Lemmy. Talking about the universal housing, elimination of poverty, age 60 retirement policy, no chronic student debts or medical debts, blah blah blah makes you a far left anti-Taiwan tankie.
Aren’t you concerned with the cold-war-like escalation
Terrified. But more for American East Asians, at the end of the day. They're already getting the Arab-American treatment by degrees. If we continue to escalate, it won't be long before they're full 2nd class citizens.
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