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We keep hearing about 'short term pain for long term gain' from the Orange Fascist Dick and its followers. Okay. Then what??? Sure you bring all the jobs back to America (or what's left of it). You keep telling yourself and us 'That THEY (other countries) are losing millions of jobs and millions of dollars. SO WHAT??? AMERICA FIRST!!
By then we will have significantly pissed off the rest of the world, with our BEAUTIFUL TARIFFS, that the rest of the world may no long want or need anything that America is now producing back home again, in America! And of course, those BEAUTIFUL TARIFFS will keep most, if not all, of the items produced in other countries from ever entering America.
But everyone else will be happily trading with everyone else. Just not with America.
I love it, when my MAGAots friends argue with me about how great America will be when we reverse the manufacturing job losses. My first response is "What will their wages be, here in America?" and the MAGAots always say "Enough to live on".
My second question is "who's going to buy our expensive stuff?" And they say "the same people who are buying it now!" They don't see the Dead-End street that they are going down. No trade means No trade!
The only way American products are going to be exported is if the price of the said item is competitive with like items in those foreign markets. And of course, with all those BEAUTIFUL TARIFFS, that's never going to happen.
Of course the tariffs could be reduced or eliminated all together. But still the cost of Made in America products will still be higher.
The only ways around this is to lower productions costs! And my MAGAots friends really don't seem to grasp that point!
Because that means: 1) lower labor cost (What?? How can we live on those wages?) 2) Lower supply costs (Okay, no problem) 3) Lower overhead costs ( Sure, every CEO/Owner/Stockholder will gladly give up profits and high returns. LOL!! NOT!) or 4) you ship the manufacturing jobs overseas, where labor cost, supply cost and overhead cost are less expensive.
Only then, do my MAGAots friends start to understand the basics of ECON 101!