Will tariffs make America great?

And because the machines are in China, the infrastructure to build and maintain them is, too.
Until the US builds up an army of mechanics, many industries cannot come back.
 
it's likely both. in the industries the us is competitive in, it's because of automation. in china, it's because the labor is cheaper, the regulations are eased, all as they've begun to automate. either way, you'll have to either develop more efficient processes and equipment on products you're unfamiliar with, or cut costs elsewhere (labor), in order to compete. or hope the tariffs are high enough that the consumer will pick up the difference.

i've worked in automated manufacturing for a long time. you don't just buy the equipment, put it down, and make product. it's much more difficult and complex than that, particularly if you're integrating into a line of other equipment which is often the case, and requires a lot of pretty technical ongoing support. we've bought foreign equipment before, the programs aren't in english. the hmi screens aren't in english. the software isn't american, the parts aren't american.

and then if you want to get into raw materials and supply chains.

i just don't know who thinks they want to work in an industry that you're trying to steal from the chinese as a production worker. what kind of margins do you think they have? good production work today, in the upper end industries, is starting at like $22 an hour. that's in a profitable, american company today. it's a little better than retail work, longer hours in worse conditions for slightly better pay.

it just doesn't add up
 
Just wondering...isn't America's so-called "unfair trade relations" basically authored by capitalist ideals that prioritized profits and stock market performance encouraging companies to set up their production abroad primarily promoted by Republican governments?
 
The Don said:
It may be both, but either way the manufacturing jobs aren't coming back to the US. If more manufacturing is done in the US it's because it requires little or no labour. The days of thousands of people working in a plant in developed economies making widgets are long gone.
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If the USA is going to have the most bestest modernest factories, the millions of screws in the iPhones will be put in by robots. There will be zero workers on that production line.

Also, Lutnick is a complete ◊◊◊◊◊◊◊ moron. Just putting that out there.
 
i’d wait this out a bit anyway. the market is celebrating like it’s over but gdp still contracted 2%, they’re about to borrow $4t and drive up yields, and the tariff pause still has a 30% rate on china and 10% reciprocal which is still a large tariff
 
Hopefully the court will finish naming me executor of my parents' estate soon and I can unload their stock before Trump firebombs the market again.
 
Norman Alexander said:
And China will sell the USA their best, most modern machines? Thereby undercutting their own industries?
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The best, most modern machines come from Netherlands. China currently has nothing that can even remotely compare.

Also, you'd think that imposing a high tariff on the exploitation of cheap labor would be an incredibly welcome progressive and prosocial policy, at least in the West.
 
theprestige said:
That generational wealth grindset.
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My mother inherited the stock from her aunt, and since the company dramatically cut their dividend payments a number of years ago (GE), I'm pretty sure she didn't realize what it was worth. When my father was in hospice and later when she was in the hospital, she kept worrying about paying things like his funeral expenses (which were covered by his life insurance anyway) when the stock would have covered all her expenses easily.
 
Armitage72 said:
My mother inherited the stock from her aunt, and since the company dramatically cut their dividend payments a number of years ago (GE), I'm pretty sure she didn't realize what it was worth. When my father was in hospice and later when she was in the hospital, she kept worrying about paying things like his funeral expenses (which were covered by his life insurance anyway) when the stock would have covered all her expenses easily.
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Mismanagement of generational wealth is practically a Jane Austen novel. I hope you get a chance to make the most of what's left of your inheritance.
 
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