It doesn't take a rocket scientist to realize that the long term consequence of continual and increasingly relocation of manufacturing and other sectors that actually increase GDP (as opposed to the financial sector which does NOT increase wealth regardless of how rich it makes a small percentage of the population) to countries with lower costs of production is the inevitable economic decline of your country. As the video repeatedly points out you have put yourself in a position of never ending trade deficit. This can only bankrupt your country, even if it takes decades.
We've gotten to the point where companies that have no more local investment than a web site are selling consumer goods like shoes to the end user and they are being shipped directly from the country of manufacture ie. Asia. This means that even the warehouses with all its associated jobs have been have been moved offshore.
So yeah, some tough love in the form of tariffs is not only overdue but absolutely necessary to keep NA from its slide into 3rd world status and ultimate irrelevancy.
pickingrinninspittin 0 points 3 weeks ago
It doesn't take a rocket scientist to realize that the long term consequence of continual and increasingly relocation of manufacturing and other sectors that actually increase GDP (as opposed to the financial sector which does NOT increase wealth regardless of how rich it makes a small percentage of the population) to countries with lower costs of production is the inevitable economic decline of your country. As the video repeatedly points out you have put yourself in a position of never ending trade deficit. This can only bankrupt your country, even if it takes decades.
We've gotten to the point where companies that have no more local investment than a web site are selling consumer goods like shoes to the end user and they are being shipped directly from the country of manufacture ie. Asia. This means that even the warehouses with all its associated jobs have been have been moved offshore.
So yeah, some tough love in the form of tariffs is not only overdue but absolutely necessary to keep NA from its slide into 3rd world status and ultimate irrelevancy.