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If people are building crappy stuff they’ll be somebody to come along and build better stuff in the United States creating competition to keep prices down
@@jeffsurfanderson Exactly 100% correct.
They’re already building crappy stuff. Bought any appliances lately?!
or build crap has same price as impportss
@TNT77723 That’s what I said when George said the quality would suffer…it already does, so we’re used to it.
American taxes guarantees that won’t happen.
His tarriff talk is just him deal making before office. Every country is already anticipating it so now it’s much easier to get a good deal done
@@Aedonius Probably right…business.
My thought precisely. Could be wrong, but that’s what I expect.
Agree. It’s a tool to get what you want.
You are delusional
@@nmeau Not what I expect, but it’s what I’m hoping for.
I don’t believe Trump is trying to gain $ (supplement tax revenue) but rather leverage consumer power to reduce trade deficits. Unless those items are so unique that a cheaper alternative is not available, the US consumer will not eat the cost. Tariffs in other countries have higher costs on consumers because they lack the market size of US. Plus a 100% tariff is an opening salvo in negotiations.
ugh no, trump isnt trying to anything, he is in insane moron drunk on attention. all and any tariffs will be eaten by the consumer.
The point is reciprocal trade not fund our economy through foreign business.
If china wants to take its own taxpayer’s money and use it to subsidize goods for Americans, the best thing to do is thank them. Trump is about to make 300 million people much poorer so that the .01% can have more money
It becomes even more complicated than this… tariffs become a negotiation tactic with suppliers, and sometimes governments like China pay for the tariff themselves.
Say it louder for those in the back!!!! Alot of people spouting off total negativity fail to understand this exact point!! They have to move their products at even a negative price point if that is what it requires, and THAT is how it helps US companies because we can gain and overtake market share if the desire is there!!! LETS GO WITH NEW TARIFFS!!!
Depends on the market. America does a lot of buying……for now. I don’t expect that to last. Don’t get hungry just yet…there will be plenty of time for hunger later.
@@melvinmoorman4512 Hopeful, but perhaps the real world might be worse than we ever expect. Something we have to be prepared for.
Delusional or what? Obviously you don’t know who foots the tariff bill. Why do you think Americans are complaining about high costs?😪
@ obviously you’ve never bought materials internationally in bulk. Tariffs help with negotiating.
I would definitely pay twice as much for a Toyota over a Ford.
toyota reliability has been trash lately. all the brands are converging in quality.
Neither is worth buying !!
@@SWBfreedom Marszzzda is better, as the yanks like to mis pronounce.
I had a very successful business in the US, imports in the 90s completely destroyed my Hydroponic company. one of my US competitor committed Suicide. because of imports. Moreover, I went to Washington DC to testify before the ITC , They did nothing to help in dumping of products on our market after that, I sold my company and moved out of the US.
milton friedman is your hero then… kidding. I grew up in Pittsburgh in the early 80s. That free trade crap destroyed a 100 year empire in under a decade and an entire region of the US.
@@jeremylongstreet7613it’s better for the consumer tho. Now those products are much cheaper for society. And the root cause of the blame is not the foreign business. It’s the insane regulations at home that drive up costs
Yeah a lot of people complain because they don’t make the millions they want. Worshipping money can turn out bad.
@@johncol5974 “cheaper for society”…ya sort of. This is where Friedman falls short. It’s good for the consumer if they have a job otherwise everything is expensive. The other area he falls short in is the assumption that another industry will open up. Well what if production in general all goes over sees? I have learned that the whole free trade was corporation driven and not the bs claim that this is what is best for society… that was the narrative to sell it to the American people.
@@johncol5974YES. It IS better for the consumer. SO WHAT?
If the country has no ability to PRODUCE real sh*t, it will FALL.
Trading financial bullsh*t all day is great for INDIVIDUALS, because INDIVIDUALS just go to the store and assume food will be on the shelves.
Countries do not have the luxury to assume production from FOREIGN lands will always come into the country without question.
That is an utterly STUPID assumption to operate under.
If we lose our steel industry, and get into a war with China. You think they are SHIPPING US THEIR STEEL? Lol.
It’s a ridiculous, and childish assumption that only a “trader bro” would push.
I have a few questions, if ABC company stops importing to America to avoid tariffs won’t those businesses suffer more with a bunch of excess stock with less demand?
Second question I have is about the corruption, we already have a ton of that, why would keeping majority of business and jobs in the country be bad for corruption? Sure quality can go down but doesn’t that make it easier for other companies in the country to come into existence and compete? Also quality of a lot of things is already way down, look at our Chinese corporate farmed food.
Final thing I wanna say is if other countries are hitting us with tariffs, why not do it back? Some of these countries have unfair competitive advantages like the wages they’re paying the workers. Now I don’t think there’s a huge supply of workers in America who want to sew Nike shoes but, figure it out, there’s a lot of other companies out there and somebody will. I could easily be wrong, but I was under the impression that the tariffs wouldn’t go out to every country and they’ll focus on the ones specifically he named.
The supply will go into run-off, but it’s the US that will suffer in the long run because the factories to replace the goods aren’t ready to go now, as George pointed out. The countries supplying the imports will be fine because their production is already well established, tried and tested. The labour is cheap, so stock attrition isn’t a big deal to them and they will find other customers from other countries to buy, the US is large but they’re not the entire world. They’re already dominating the vast majority of product lines.
It takes years and years and for investors to commit for you to build the sort of infrastructure you’re going to need.
I think you lot have been duped again, this is not going to end well, things will go down south very quickly.
There’s also the stuff going on with farmland, just do your research.
The biggest issue is that the country is racially and culturally divided to a point where relationships are almost completely broken down and has gotten really toxic, which is very convenient for big government.
Watching the campaign from the outside was really cringe worthy television on both sides to be honest.
European companies will get hurt by the American tariffs if they export to the USA. But the EU will impose similar tariffs on USA products coming to the EU, and can use that money to help the European companies staying afloat until Trump’s term comes to an end.
China will have trouble exporting to the USA due to the tariffs. But that would put the Europeans in a better position to negotiate prices with China, thus making stuff cheaper for the Europeans.
We’ve seen Trump fire almost everybody he hired during his first term. He might do the same during his second term. This means there will be little expertise in his inner circle.
Ultimately IMHO the American People won’t benefit from the tariffs.
Yet, Trump will blame it all on other people (like refugees, immigrants, democrats, etc. etc.)
Well, tariffs can act as a lever to negotiate better trade deals or protect domestic industries. They can provide an incentive for other countries to reduce their own trade barriers or create favorable conditions for negotiation. However, they can also spark trade wars or raise costs for consumers, so it’s a double-edged sword. The effectiveness of using tariffs depends on the broader economic context and how they’re deployed, its a tool…………
It’s going to blow up in your face when you look at like this
@@killianl.1949 Or not! When some one says it is going to! Run…they have no clue. A wise man says, it may, or it could.
@@Dipontya wise man would also listen to every other wise man that says this is a bad idea 🤦♂️
Im not usually one to give an answer too general or without nuance, but, Richard Cantillon wrote about this over 300 years ago in his Essay On Economic Theory and since then his essay has been proven to be very accurate. He had and shared a very wise perspective.
Thanks George and rebel crew
I was about to say you probably watch the Uneducated Economist, then I saw your name and I definitely know you do.
There’s a couple of important angles he’s missing on the other end how often have you bought a good manufactured in the third world that was better than made domestically? Just because you internalize production doesn’t mean it’s going to be monopolized necessarily other competitors domestically may sprew and you also feels to mention the increased purchasing power of the jobs created when those goods are produced domestically 👍
I once heard a quote from a depression era diary. One thing mentioned was that most of people had some money, there just wasn’t much of anything to buy.
Same with soviet russia
hence inflation, followed by money printing then more inflation. just expect more inflation.
“… the elite… if you want to call them that…” ROLMAO gotta love George, he doesn’t pull punches.
I call them deletes
I’m one of the few people who run a business in the uk that produces goods people in the USA want to buy. Currency manipulation has slowed us down massively since the usd has lost 30% against our useless gbp. Tariffs will make things even worse for me. I might move things to the USA like I should have done ten years ago
doesnt matter. even if u move to China and produce it there and the product is cheaper even after all the tariff, then you’d make more money by moving production to China. it’s all about money, not feelings.
THE usd has not lost 30 pc against sterling, in 2006 usd was 2.06 to the pound, sterling which is a dogshxt currency becos the U.K. is such a basket case, has cratered against the usd now at a hopeless 1.29….it makes your exports easier. Good luck moving to the US, you won’t get in.
Spot on… Tarrifs will make products more expensive and will affect the poorer population the most. I used to travel to the US for pretty much cheap everything… I don’t now
US domestically manufactured products won’t be selling at $5. It would be $15. Good luck to US inflation.
We don’t make that much stuff. Inside our borders, there’s no tariffs on those goods
I don’t think tariffs will boost the US economy anytime soon. It will actually accelerate the arrival of the recession.
For forty years in the West we’ve been told free trade good, tariffs bad whilst all our industries moved East. Then we’re told you can’t start industry up overnight yet somehow the Chinese, Vietnamese etc manage to do it.
They took 40 years to get where they are…not overnight 🤦♂️
And don’t forget that it was American companies who funded that growth in return for decades of cheap labor.
you cant afford to restart industry, as long as a small group control everything it is not gonna change. The skill is gone, what hasnt retired has given up or moved on.
My sense is that with tariffs raising prices, Americans will buy less of that useless, shoddy foreign crap, and will instead save or use their money for more useful and productive things in America, for Americans.
China doesn’t pay the tariffs, US consumers do. Most of what Trump is banging on about will never happen anyway, same as first time around except he’s even more of a basket case this time.