What impact do you think it will have on you?
Are there critical items to purchase now that will be too expensive to afford next year?
Are you changing your savings or investments?
What impact do you think it will have on you?
Are there critical items to purchase now that will be too expensive to afford next year?
Are you changing your savings or investments?
I’m going to be working on only buying domestic goods going forward. Yes, it will increase the cost of goods overall, but that’s a given when we’re going from an unreasonably cheap standard to one built for supporting our own people. I’ve already been careful to mostly focus on domestic produce and goods, all that the tariff package will do is encourage me to continue on that journey.
Oranges grown in Argentina and flown in (with all the damage that planes do) should not be cheaper than those grown in Florida. Mexican chiles should cost more than the ones from New Mexico and Arizona. Coffee from Ethiopia or other places around the world ought to cost more than from Hawaii or elsewhere in the USA. That’s just the plants - never mind the meat, the fish, the dairy, or the hard goods.
I don’t want to buy cheap shirts made in Malaysia or the Philippines. I want to buy good quality clothing from American companies from American retailers on store shelves. I want that to be the standard everyone lives to. Whether we like it or not, tariffs are the only way to change the aggregate behavior. I don’t want half of my stuff to be plastic crap made in China under their torturous labor laws. I want to be surrounded by quality goods made here in the USA by American workers. I entirely support the tariffs and their higher-order effects, even the increased costs. In fact, I think the projected values are too low, because it might still be cheaper to import. We need to enforce tariffs that make it cheaper to produce and build here in the USA, with Americans working to the benefit of Americans.
Getting into the ‘plastic crap’ also, I don’t want America to ‘recycle’ plastic by shipping it abroad and going with the policy that says that if it’s out of sight, it’s out of mind. I want us to actually work to recycle our plastics, to reuse every scrap we can, because it should be cheaper to recycle and reuse domestic product than it is to import new or to export that which should be recycled.
So sure, I expect to see higher costs. I expect that my dollar will be stretched thinner for a time. But if the government stays the course to enforce high tariffs, and then uses the payments from irresponsible companies who import rather than employ Americans to pay off the national debt, we’ll all be better off.
PS - I want export tariffs too, so that it’s more valuable to sell domestic goods to Americans than to market them abroad.
I see where you are coming from, but I think there are better ways to handle those issues than blanket tariffs. For example, you can get clothes from Bangladesh for cheaper than Norway because Bangladesh pays workers much less, (probably) has much lower environmental regulations, and the focus is on price over quality.
Adding a tariff to goods from Bangladesh would not improve the goods, it would just squeeze the business to cut even more corners to remain competitive, and likely put a lot of poor people out of work. Additionally a tariff on goods from a country is likely to be retaliated.
If the end goal is reducing production of garbage products at great impact to the environment and the workers, laws can focus specifically on those factors. We already place antidumping and counterveiling duties on goods that we deem are priced with unfair business practices, why not do more of the same for unfair labor practices, or environmental practices?
If someone can pay Ethiopian farmers a fair wage to produce landrace coffee (where it grows natively), and the environmental costs of shipping it to the US are accounted for, I don’t think it should be arbitrarily upcharged relative to monocrop coffee grown in a narrow band of expensive former rainforest in Hawaii.
Thank you for a respectful and thoughtful reply. I understand your perspective, though we disagree. I just don’t think we’re in a condition as a country where we can really go for the nuanced approach. The country needs to take broad decisive action to bring back American labor and services.
As long as the focus is on price, we need to make the price of importing higher than the cost of domestic production. This isn’t about whether the quality of Norwegian goods or Bangladeshi goods is higher. It doesn’t even matter if American goods are of lower quality than those Bangladeshi ones. It’s about whether it was made in America by American labor, and thus supports an American labor chain. That’s really where my focus is at this point. The environmental concerns are secondary, but important - simply that it takes fuel and money to bring those goods to our shores.
There are unemployed Americans, while goods and services are being imported from abroad. That shouldn’t be considered an acceptable outcome. I don’t particularly care about workers from foreign nations, sad to say. In abstract, yes, I would like for everyone on Earth to have a good job and a good life, but our government (and our people) need to focus on the needs of Americans first.
As far as the difference between natural Ethiopian coffee and monoculture Hawaiian coffee, right now I care whether or not the Ethiopian coffee plantations employ American workers on American soil, paying taxes to us and supporting the businesses within their community. The rest is really just a matter of degree at the moment - optimally we’ll sharply reduce imports for both the social and environmental benefits. We shouldn’t be worrying about whether our companies can pay Ethiopians a fair wage right now - that’s the problem of the Ethiopian government and local Ethiopian companies. We need to worry about the fact that there are Americans not working and not receiving a fair wage. We need to clean up our own house first and shorten our reach, before we can reach back out into the world.
Circling back around to the retaliation, that’s fine by me too. I almost want to see retaliation, actually; it saves us from putting up export tariffs. It’s not a ‘trade war’, it’s the desired outcome, to limit trade outside of the United States. I want it to be expensive for us to export goods, services, and labor. Companies here in the US should focus their production on serving the needs of our own people first.
Given the massive debt we’re running right now, the way I see to do that for the time being is to economically punish behavior we don’t want to receive money, rather than spend money and incentivize what we do want. That gets more money into the government that doesn’t directly come from individual income, property, or sales taxes; the debt can be paid down by irresponsible companies who aren’t willing to adjust to the America first paradigm.