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How long will it take to reopen the mill?
We are the second largest producer of goods in the world. Our industry isnât shut down. It;s stronger than itâs ever been.
But what I think realistically is going to happen is, all the things in Walmart and Home Depot and Best Buy etcâŠare going to rise in price, slowing consumption.
That is goign to result in job loses - the people that unload the ships, drive the trucks to the stores, design the tee shirts and tools, design the packaging, stock the shelves, do the advertising, maintain the stores..and alot of these are very good paying american jobsâŠmany of them wil lose their jobs.
And the next president will be left with the bag, and have to clean up the mess.
I think this is going to be a 2008 level recession.
Probably not long, if equipment is there and not stolen or scraped for metal.
Those old saws were made in America. They still run. 
I expect them too, how much is yet to be determine.
Lot of neighborhoods and rural areas could use those manufacturing jobs.
Unemployment is 4.1%
How many do blanket tariffs? How many make up some random formula to do it?
I guess you havenât traveled through those areas lately. Millions of people arenât countedâŠmillions.
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Amazing.
The formula isnât random. Hereâs the question(s): Why is it ok for other countries to impose tarrifs on the US, but bad for us to impose tarrifs on those same countries? We have a trade imbalance with countries around the world in the hundreds of billions of dollars. Why do you feel this is fair and ought to continue? Since itâs a fact that US manufacturing is a fraction of what it was a few decades ago- for example, pick up almost anything off the shelf of almost anyplace you happen to be and see where itâs made. Entire cities- like Detroit, used to prosperous due to the auto industry, or cities in Pennsylvania because of steel. What happened to our industry, why canât it come back? Lots here to think about so Iâll pose these questions to everyone in this threadâŠ
And perhaps most important- with so much of the important things we need being made by other countries, do you not see the need to bring them back here so we are not dependent on other countries for our needs?
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They can tax their citizens all they want to. Why should we care? We arenât paying their tariffs. They are.
Is having a monetary trade imbalance always considered unfair?
They lost their factories due to capitalism and advancementâs in the US economy.
Good Lord⊠Do you ever stop to think before you post?
So according to you: 1)governments only impose tarrifs on other countries as a nefarious way to tax their own citizens without them being the wiser. 2) operating at a perpetual loss to virtually other party you do business with is smart policy for companies or in this case, our country, to operate. 3)The same capitalism that made our country a superpower that turned the tide in 2 world wars and rebuilt the defeated nations, is the same system that decimated cities like Detroit and put us at a disadvantage around the world.
I donât know why I bother trying to have a serious discussion with you.
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No the lagging thing absolutely matters.
Even more than the leading thing because the lagging thing can truly be tied (sometimes) to cause and effect.
A persons might suggest
Jobs donât really matter, wages donât really matter, income disparity does not really matter . . . all those things are just stupid little cause or effects of the one thing that does matter: How many tattoos and nose piercings do people get (consumption.)
Consumption drives those things and stems from those things consumption is the center of the economic universe. Consumption is the hub and everything else is just a spoke.
In fact many people do hold that that view, some professors even teach it in college. They and their view are completely and totally wrong.
I said nothing of nefarious.
I just talked about the end result. Those countries citizens end up paying for their own tariffs. Why should I care how much they tax their citizens?
You apparently didnât understand my question
Yes.
Disadvantage? How?
The fall of Detroit was inevitable, with or without capitalism. But what hinders us now is not capitalism more nearly the opposite is true.
Nancy Pelosi in 1996 endorsing tariffs against China to address unfair trade practices and and the resulting imbalance of trade.
Screenshot:
some people will sell out what they now is right.
will sell out the American people
Just to score a few cheap points against the other party.
Those people are dishonest. Those people disgust me.
Video:
Why are you railing about this?
Did I say any of these things?
How about the jobs report. Good news?
You said employment is just an indicator and it lags the thing that truly matters.
I pointed out that many people believe things like that.
I wrote
"A persons might suggest
Jobs donât really matter . . .
This is really starting to get tedious.
No one hereâŠliterally no one here (that I know of) has ever said we should have zero tariffs, or that tariffs have no place in any trade/economic policy.
There are a HUGE variety of options between having absolutely no tariffs at all and Trumpâs âtrade deficits are ALWAYS bad, so letâs base our tariffs on a ratio of trade deficit to export value until trade evens outâ blasting of every nation on Earth policy.
The goal isnât and shouldnât be âleveling the playing fieldââŠi.e. basing our decisions solely on the trade imbalance.
If the goal is âwe want to reinvigorate our manufacturing capabilityâ, e should be figuring out how to do that without wrecking the global economy because weâve got this mixed up with some political idea of âpunishing those that have been âripping us offââ.
This is where Trumpâs penchant for viewing every negotiation with a distributive (âwinners and losersâ) lens is going to be completely counterproductive to any goal of lifting up the âAmerican workerâ (assuming this truly is Trumpâs goalâŠI donât think it is, but for argumentâs sakeâŠ)
This isnât the insular New York City real estate world anymore.
There are multiple players with multiple motivations and needs, and no one nation is indispensibleâŠnot even the United States.
The world does not âowe usâ anything.
The postwar world was the way it was because WE wanted it that way.
As we transition away from that world, we canât assume that we have the power to dictate to other nations what they will do. We arenât in the driverâs seat.
We keep that up and we WILL find out what âAmerica Aloneâ really looks like.
Now- if people want to have a serious discussion, stop assigning motives and positions to people they donât hold.
And stop looking at this discussion like itâs a binary thing.