PuckSniperPensel wrote:
How expensive would we have to make our tariffs in order to make it appealing for manufacturers to set up shop in the US?
I have no idea...it would probably take the CBO to calculate that.
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Assuming the labor laws in China aren't so pro-big business that we could actually place tariffs on imported goods to persuade them, it would EVENTUALLY bring manufacturing jobs back to the states, but not immediately.
China doesn't enforce their labor laws...if a US firm is manufacturing in China, they pretty much have to do that themselves.
There are a couple excellent documentaries about this. The business ethics of using borderline slave labor and sweat shops.
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And during the time in limbo, the costs of these goods that our population relies on would be substantially increased.
Meanwhile, our farms are now producing so much corn, we're running out of things to do with it. If some of that doesn't go to China, how many farms are we going to lose?
I don't really see excess food production capacity as a problem.
Corn is special because of the politics and subsidies involved...but the fact is 50% of the food Americans eat comes from California, not Iowa.
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But shouldn't we be holding off until we reach a market equilibrium? Shouldn't it be a gradual change?
It will be a gradual change anyway, why not start that change sooner rather than later?