A pillar of Trump's campaign is to get out of NAFTA and kill TPP as well as slap on huge tariffs for imported goods. Economists think that well make things more expensive in America and Kill American Jobs.
President Reagan attempted a similar anti-laissez-faire program:
Large tariffs would mean that Americans would pay more. When President Ronald Reagan put a quota on the number of cars Japan could ship to the United States, American car makers hiked prices by $1,000 on average, knowing they would face less foreign competition.
Do you agree?
It's a little difficult to understand how increasing prices on imports will kill American jobs. The idea is that it will promote American jobs as it will now be cheaper to make products with American labor than pay the tariff and that does seem reasonable.
One could argue that it will cost American jobs because no one has the money to spend on American products (having given it to government in the form of tariffs), but isn't the obvious solution to reduce taxes by that same amount, leaving Government with the same "income" and the people with the same "spending money"? Or do you expect liberals to gobble up the extra "taxes" in entitlements to further lock the citizen to government charity?
I do think the tariffs are fraught with danger and that they could result in considerable harm. The question is would they cause more harm than continued exodus of jobs, and that one is impossible to predict without seeing that actual taxes being proposed.
by JAKE Earthshine 25 hours ago
Unprecedented instability, we’ve never experienced anything as chaotic and destructive as this: Greatest stock market crash in history, Unilateral trade wars with our allies instigated recklessly by Mr. Trump which is killing jobs for his own voters and everyone else, Americans dropping out of...
by My Esoteric 2 weeks ago
President Trump starts a trade war with the rest of the world say such wars are good for America. Everybody of intelligence tells him he is wrong. Now that reality is hitting Americans and American producers with huge loses, as expected and predicted, Trump wants to spend $12 billion to...
by ahorseback 2 weeks ago
kind of a "step ahead " of obstructionists ,No ? Again !
by Randy Godwin 6 weeks ago
With losses of a projected 35-40 million for the rest of this year, and 90-100 million next year because of the 31% tariffs placed on their motorcycles, HD decide to simply move their production to Europe. There goes another American business affected by the retroactive tariffs from...
by My Esoteric 2 months ago
The short answer is no! According to http://money.cnn.com/2018/06/08/news/ec … index.html tariffs worldwide are the Lowest in history. Here are some numbers to play with:- Average (until Trump) American tariffs on imports 2.4%- Average (until Trump) Canadian tariffs on imports:...
by JAKE Earthshine 9 days ago
Out of control recklessness and insanity: Seriously, what else but an intentional or unintentional economic disaster did you expect from an out of control individual who bankrupted several casinos in New Jersey, can’t seem to put two sentences together without help from a teleprompter, appears to...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|