I live in MI and work for a company that imports Japanese parts for robots in manufacturing (mostly auto). My boss is a vehement Trumper who says he only cares about politics because of the economy and manufacturing. I asked him how tariffs would help a company like ours who imports products. He said that it will help because we will sell more parts, because manufacturing will increase so much.
We also sell these same parts in Mexico and Canada, so we sell them either way. I don’t get the logic, I guess.
Say you make widgets and a tariff makes domestic widget production attractive. Spin up a new factory!
But you won’t because you realize the tariffs are going to be an economic clusterfuck and you don’t want to be left holding the bag on a brand new factory when they’re repealed.
I live in MI and work for a company that imports Japanese parts for robots in manufacturing (mostly auto). My boss is a vehement Trumper who says he only cares about politics because of the economy and manufacturing. I asked him how tariffs would help a company like ours who imports products. He said that it will help because we will sell more parts, because manufacturing will increase so much.
We also sell these same parts in Mexico and Canada, so we sell them either way. I don’t get the logic, I guess.
That’s the idea, but it won’t actually happen.
Say you make widgets and a tariff makes domestic widget production attractive. Spin up a new factory!
But you won’t because you realize the tariffs are going to be an economic clusterfuck and you don’t want to be left holding the bag on a brand new factory when they’re repealed.
Get your resume in order man.
I’m trying to get back into teaching. That’s probably a mistake too.
Not if you shop yourself overseas.
It’s not realistic to leave the country for me.