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Trump's Tariffs

The Great Zaganza said:
The critical question: what is the US going to do with the income from the tariffs? Help the steel and aluminum industry upgrade to the newest technology to become more competitive?
Because otherwise the tariffs will have to be steadily increased to prop up a failing industry.
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Don't know, but certainly, like the coal industry, this incentive will foster automated robotised companies, so the unemployed would be used just to scratch the rust and apply a coat of paint, and then fired again.

Trumpland works this way.
 
The Don said:
IMO it's nothing to do with those industries (otherwise I'm sure there are more effective ways of funding improvements) and everything to do with political posturing.
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I don't think so. Trump doesn't have a lot of "core beliefs", but on this one, he's been pretty consistent over the years. I think he really feels we shouldn't have outsourced these critical industries.
 
aleCcowaN said:
Don't know, but certainly, like the coal industry, this incentive will foster automated robotised companies, so the unemployed would be used just to scratch the rust and apply a coat of paint, and then fired again.

Trumpland works this way.
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That's undoubtedly true. Most of our lost manufacturing jobs over the years aren't going to ever come back.

Does Argentina have anything like a guaranteed basic income?
 
Fudbucker said:
Does Argentina have anything like a guaranteed basic income?
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There's a minimum wage (very minimum, as it acquires as many goods as 800$ do in the States), people recently fired are paid their full salary for 6 to 18 months -according to the time they worked with the last employer- and there are social "plans" that give about half the minimum wage to those who can't get a job (there are hundreds of thousands who work informally and still cash these cheques). Additionally, there are some 110-120$ in purchasing power given for each child up to 18 y.o., up to 5 children, and that amount triplicates if the kid is handicapped. If you are unable to work, you can get a free pension between 500 and 800$ (always in equivalent purchasing power). Poor people is also subsidized in natural gas, electricity and water distribution, and in public transportation.

Healthcare is available for free country wide.

So, we're a poor welfare state (our GDP purchase parity power, per capita, is 38% of the one in the States). However, 27% of the total population is considered to be poor -a 50% of the kids- (and from them, some 6% of the total population is indigent)
 
aleCcowaN said:
Don't know, but certainly, like the coal industry, this incentive will foster automated robotised companies, so the unemployed would be used just to scratch the rust and apply a coat of paint, and then fired again.

Trumpland works this way.
Click to expand...

Here's an interesting article discussing what you describe above. Subject is Oil extraction, rather than coal, but your point generalizes well:

[...when the number of oil rigs began to rebound, the number of workers employed didn’t.]
 
Fudbucker said:
I don't think so. Trump doesn't have a lot of "core beliefs", but on this one, he's been pretty consistent over the years. I think he really feels we shouldn't have outsourced these critical industries.
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Maybe,but higher tariffs is not going to bring them back.
 
The Don said:
IMO it's nothing to do with those industries (otherwise I'm sure there are more effective ways of funding improvements) and everything to do with political posturing.
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I think you know how much I despise Trump, but protectionism has been one of the few things he has been pretty consistent on,going back before he had a political career.
it's magical thinking basically, I if impose high tariffs, the steel industry will magically come back.
 
Fudbucker said:
That's undoubtedly true. Most of our lost manufacturing jobs over the years aren't going to ever come back.

Does Argentina have anything like a guaranteed basic income?
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Even if the closed Steel Mills in the US were to reopen, they would only employ a fraction of the people they once did because it has been so massively automated. You have one person supervising robots doing the work that five or six people did. Jobs are disappearing in the Steel Mills overseas.
Trump is just plain lying when he talks about how many jobs would come back in the industries came back.
 
What the Import tariffs really do.

This kind of import taxation is called, protectionism and it never worked out in history. The tariffs will do more suffer then good.
The manufacturing company's, that use steel or aluminum, in the USA, will be hit hard. There are more jobs on the line at those company's, then there are in the steel and aluminum industry and because these tariffs will drive up the prices, these company's have even more reasons to move out of the USA and go to Europe/Asia. Btw the products made of steel and aluminum will be more expensive in the USA than in the rest of the world. Which means people will start importing more of those kinds of products from the rest of the world.

Sorry for the bad Englisch.
 
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dudalb said:
I think you know how much I despise Trump, but protectionism has been one of the few things he has been pretty consistent on,going back before he had a political career.
it's magical thinking basically, I if impose high tariffs, the steel industry will magically come back.
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Oh, he's been consistent about protectionism (unless he's buying steel for one of his own projects ;)), but IMO it's not about protecting those industries, it's about the way that the policies sound and the political support he believes he will drum up as a result.

If it was about making the US steel industry more competitive then there are a number of other ways to address that which are more effective than tariffs.
 
Fudbucker said:
I don't think so. Trump doesn't have a lot of "core beliefs", but on this one, he's been pretty consistent over the years. I think he really feels we shouldn't have outsourced these critical industries.
Click to expand...
We know since he outsources his own needs for manufacturing he's always been a hypocrite over this issue, he put his want for increased profits above supporting USA manufacturing. He has had the ability as a private citizen to take action in the past if that was truly his belief, since he didn't I can't see how this can be considered a core belief.
 
The Great Zaganza said:
The critical question: what is the US going to do with the income from the tariffs? Help the steel and aluminum industry upgrade to the newest technology to become more competitive?
Because otherwise the tariffs will have to be steadily increased to prop up a failing industry.
Click to expand...
More police and prisons to manage the workers disemployed by the effects on secondary industries and tax cuts for corporations/the rick/Republican backers.
 
Darat said:
We know since he outsources his own needs for manufacturing he's always been a hypocrite over this issue, he put his want for increased profits above supporting USA manufacturing. He has had the ability as a private citizen to take action in the past if that was truly his belief, since he didn't I can't see how this can be considered a core belief.
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Beyond just his own suppliers being mostly outsourced, we also know from pirated copies of class collateral that Trump University's business courses were focused on training students to offshore efficiently.

So no, this is not a core belief of the man himself, but I agree that it has been a perennial political go-to to beguile supporters.
 
dudalb said:
Even if the closed Steel Mills in the US were to reopen, they would only employ a fraction of the people they once did because it has been so massively automated. You have one person supervising robots doing the work that five or six people did. Jobs are disappearing in the Steel Mills overseas.
Trump is just plain lying when he talks about how many jobs would come back in the industries came back.
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And they are making a lot of manufacturers material costs jump 25% right away. Such as in the stamping industry that the steel alloys are simply not made in the US but only in Germany.
 
Hellbound said:
And that's where the boost to domestic steel will come from. Someone has to make those bars!
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I'm going to start the Canadian Prison Bar Company and undercut you!

Canadian Prison Bar Company - When Only The Cheapest Bars Matter(tm).

Once I dominate the building bars for prisons market, I'll branch out into building bars in prisons, since I figure your entire population will need a place to get drunk while you're all locked up.

I won't even have to change the slogan!
 
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