1srelluc
Diamond Member
Protect businesses and industries from what, their own inefficiencies and greed?
Suppose a Widget Factory cannot make a widget as efficiently as China, even adding in the two—or three-month delays due to Ocean Transit. How does slapping a 30% tariff on the Chinese Widget help American Widgets, Inc.?
It doesn't. Usually, a company will look at every other option before they resource that widget - including laying off staff - because resourcing stuff is kind of a pain in the ass. You have to get first article samples, get user acceptance, do all the quality and material certifications, you often have to get a team of engineers involved.
And for the American consumer, he's screwed either way. No matter where that widget comes from, he will still pay more for it.
Given all your other crazy historical theories, this one is only moderately crazy.
Here's why tariffs made the Great Depression so much worse. Because other countries didn't take the tariffs lying down. They imposed tariffs of their own on American goods. This led to the collapse of the whole international trade system, which was not nearly as robust in the 1930s as it is today.
Except Canada and Mexico entered a free trade pact with the US under NAFTA and then the USMCA. The European Union, specifically, is a Free Trade Zone, and it's the world's largest economy (Outpacing both the US and China). The UK economy has been floundering since Brexit.
I don't think any of us aspire to be Argentina or Brazil, which are economic basket cases.
I'd explain to you what China is doing right, but you'd break out into a John Birch rash. Oh, fuck it, I'll do it anyway.
While stupid ass Republicans were giving tax cuts to rich people and slashing education and poverty relief for economic prosperity that never "trickled down", the Chinese were investing in infrastructure, education, and developing enterprises. While the wealth gap in America has been increasing, China has lifted 400 million people into what we would consider the Middle Class.
This isn't an issue of "Capitalism" vs. "Communism"; the Chinese are better Capitalists than we are.
It's the difference between the efficiency of a command economy led by technocrats vs. a free-market economy led by whichever idiot can convince enough stupid people to vote for him.
So, you now support US Widgets Inc.'s exploiting of Chi-Com slave labor?
It just shows me that the dems are willing to exploit anyone as long as it furthers their "orange man bad" madness.