Video and source: https://xcancel.com/dieworkwear/status/1951851958559703117#m
Normally you'd start with a very small tariff and increase that on a regular schedule over a few years so businesses in the whole supply chain can anticipate and adjust in a reasonable stable environment.
It's the opposite of declaring liberation day and chickening out repeatedly. Of course, doing the opposite of good policy also has the opposite result. Businesses are leaving USA. It's easier to produce in another country in a stable environment and import the final product, and pay tariffs on it, only once.
The “fuck your feelings” crowd voted based on their feelings and ignored logic and thought their faith in blatant denial would pan out for them. Haha.
FYFAFO?
Fucking Yokels Fucked Around and Found Out?
Fuck Your Feelings And Find Out
The guy from SmarterEveryDay is making an American made bbq scrubber. And he tried to source everything from American companies only to find out the parts were only designed in the US but manufactured abroad. He basically had to make every part himself to be sure it’s completely made in America.
And it’s still not entirely made in America lol
Nike won't build a plant in the U.S. and pay U.S. citizens $25/hour to make shoes.
In a way that shows what is intended by protectionist measures, irrespective of whether they work in the current situation or how they are implemented by the Trump admin.
The brush also sells for like $80 so uhhhh, another side effect of those measures.
True. But either way with these tariffs prices are going up and margins go down even if a business makes and sources everything on home soil. Which in turn means the American standard of living will go down since people can buy less even in the best case scenario.
The logic of protectionism is that then more Americans find work manufacturing these things, which would in turn increase the standard of living.
There is no doubt that the US population fared best, when most of the economy revolved around manufacturing and Chinas rise of the middle class has been the result of manufacturing being offshored from countries like the US and in the EU, coinciding with a downfall of the middle class in the respective countries.
Don't get me wrong. I don't think that we would be able to get back to these "good old days" (in economic terms, not in other aspects) with the tariff regime of Trump. Also onshoring of manufacturing only can do so much if a factory that used to employ a thousand workers now brings the same output with a hundred workers because of higher automation.
As long as the distribution of wealth and return on capital is not changed fundamentally, we will not get back a broad middle class enjoying economic security.
There is no doubt that the US population fared best, when most of the economy revolved around manufacturing
This was only true to the extent of the profit margins for manufacturing.
Higher margin industries leave more wealth/money to spend on life quality. If your standard of living costs more than manufacturing will support, you'll need to downgrade.
Software, design, innovation, capitalism, high tech all have much higher margins than manufacturing. Silicon valley, and other tech hubs will be impoverished by switching to manufacturing.
What industries are less profitable than US manufacturing? Which of them can be dispensed with?
There is no standard of living in america, it greatly depends on where you live, what groups you are part of, and how much income you can generate. The difference now is that its not just the poorest that need to deal with this anymore.
A lot of importing is so abstracted away from the end consumer, as well.
“Why is equipment going up we should be charging finished products”, dumbfuck what do you think went into that equipment?
Yeah, but the bullshit spewing con artist they voted for said other countries pay the tariffs!
Brexit was just the rehearsal for what the US is doing to itself
I had to break the poor news to my boomers too. They wanted Japanese made computers, not Chinese, and I was forced to wake them up.
This video was so eye-opening and I really applaud Dustin for presenting it so thoughtfully and in a way I hope everyone can appreciate, regardless of their political stance.
Thanks for sharing this. What's funny is he didn't even mention another reason why buying one higher quality item is better than dozens of cheap one: ressource usage and pollution.
....but, they'd never eat MY face!!!...
well get to work, and make your own knives.
There is plenty of info on the net on how to make steel from dirt and rocks.
It's been done for a few thousands of years with what are essentially diy tools from scratch.
Actually not a bad skill to acquire for the coming societal collapse.
Isn't steel under heavy tariffs like forever?
The Dipshit keeps raising it every time he gets into office. Somehow thinking that raising the price of one of the most common manufacturing materials will bring back manufacturing
Trump even got into a trade war with the EU over it back in his first term.
and CHINA, dont forget about the soybeans, that never recovered either.
Include it in the price as a separate line called "Trump's tarrifs".
Didn't they show early on (on an obv staged) Amazon case that is "not OK"?
Prob automatically triggers deportation :D.
Yup.
Bezos stopped sucking Trump's cock for a minute there, but then Trump made him start up again. Wonder what a pedo's dick in your mouth tastes like. Ask Jeff Bezos I guess.
Actually it made me think (bcs of how early on it happened, how fast they responded, and how fast/immediately they folded) that it was staged, they used the friendly Amazon as a big & immediately compliant case to show others they can't explain people they are getting taxed.
(Ofc now it's "officially known" & accepted Americans are the ones paying the tariffs.)
Not surprising at all. These people voted for him. They're DUMB!
People tweeting stuff. We allow tweets from anyone.
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