Round and round we go. Where this ends, no one knows. National security concerns in the areas of food pharmaceuticals and much much are on the line. Do we have the grit to be a sovereign people again. We should be praying for the new administration and its negotiators.
I would like to see manufacturing of drugs and other products return to the USA. But is it as simple as just applying tariffs? Where will the money come from to rapidly rebuild factories? How quickly can we train the workers? Is it reasonable to expect China and India to set up factories in the USA? Not sure how this works.
Political rhetoric is always predictable. i remember very well that concerns over the trade deficit and the loss of American jobs was a bipartisan issue in the 1990s. And one of the solutions offered was revamping tariffs on imported goods. Of course, they weren't really serious about it and did nothing. Probably because cheaper products were good for Wall Street and the common wisdom was that America would become more prosperous by becoming a service economy. I don't remember national security entering into the conversation but it might have. (Besides pharmaceuticals, it's very scary to me that the steel industry was exported overseas.) I definitely remember concerns about the shrinking middle class although there was optimism that those who pursued college education would prosper in a service economy. (I find it interesting that prospering always means wealth and not happiness/fulfillment.) All that Trump is doing is simply fulfilling the talking points of the 90s.
Will the plan succeed? Personally, I am cautiously optimistic as it seems to make economic sense. But, we will see.
chUCK Fina
Round and round we go. Where this ends, no one knows. National security concerns in the areas of food pharmaceuticals and much much are on the line. Do we have the grit to be a sovereign people again. We should be praying for the new administration and its negotiators.
I would like to see manufacturing of drugs and other products return to the USA. But is it as simple as just applying tariffs? Where will the money come from to rapidly rebuild factories? How quickly can we train the workers? Is it reasonable to expect China and India to set up factories in the USA? Not sure how this works.
Political rhetoric is always predictable. i remember very well that concerns over the trade deficit and the loss of American jobs was a bipartisan issue in the 1990s. And one of the solutions offered was revamping tariffs on imported goods. Of course, they weren't really serious about it and did nothing. Probably because cheaper products were good for Wall Street and the common wisdom was that America would become more prosperous by becoming a service economy. I don't remember national security entering into the conversation but it might have. (Besides pharmaceuticals, it's very scary to me that the steel industry was exported overseas.) I definitely remember concerns about the shrinking middle class although there was optimism that those who pursued college education would prosper in a service economy. (I find it interesting that prospering always means wealth and not happiness/fulfillment.) All that Trump is doing is simply fulfilling the talking points of the 90s.
Will the plan succeed? Personally, I am cautiously optimistic as it seems to make economic sense. But, we will see.