this post was submitted on 09 Nov 2024
33 points (90.2% liked)

politics

19096 readers
3216 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News

• World News

• Business News

• Political Discussion

• Ask Politics

• Military News

• Global Politics

• Moderate Politics

• Progressive Politics

• UK Politics

• Canadian Politics

• Australian Politics

• New Zealand Politics

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
33
Steve Madden says it will cut production in China to avoid Trump tariffs (www.cbsnews.com)
submitted 6 days ago by [email protected] to c/[email protected]
4 comments fedilink hide all child comments
 

"We have been planning for a potential scenario in which we would have to move goods out of China more quickly," CEO Edward Rosenfeld told analysts on the call. "We've worked hard over a multiyear period to develop our factory base and our sourcing capability in alternative countries, like Cambodia, Vietnam, Mexico, Brazil, etc."

top 4 comments
sorted by: hot top controversial new old
[–] [email protected] 21 points 6 days ago (2 children)

develop our factory base and our sourcing capability in alternative countries, like Cambodia, Vietnam, Mexico, Brazil, etc."

From the same article:

Trump has proposed a 60% tax on imports from China, plus a universal tariff of 10%-20% on imports from all foreign countries.

So those goods still get a tariff, probably raising prices for the American consumer, just not as steep as from China. I thought the primary goal of the tariff was to move production back to America (which is a whole thing and not as simple as flipping a switch), which this does not do...and it wasn't necessarily to try to limit China's economy,which it probably doesn't even put a dent in.

[–] [email protected] 9 points 6 days ago

Also I really think the key thing to pay attention to here is "multiyear period". As in, it takes years for companies to reconstruct their entire production and supply chain. Imposing harsh tariffs on goods made outside the US could theoretically boost domestic production, but only if there's actually the skills and infrastructure available domestically to make that cost-effective... And even then, the gains would take years to decades to realise. And Trump sure as shit isn't making the kinds of education and infrastructure investments needed to actually make any of that worthwhile.

[–] [email protected] 6 points 6 days ago (1 children)

Tariffs alone will never build a domestic base. They can be part of a strategy to do that, but they must be paired with subsidies and tax breaks. It's very expensive to develop a manufacturing base, so it must be done strategically. Generally it's only worth doing for critical infrastructure and basic necessities. It's part of why the US has focused primarily on food production and power.

[–] [email protected] 5 points 5 days ago

Neither Trump nor his an administration have the fucking wherewithal to do any of that. Nor do they care.