Tariffs are a great idea. When AAPL feels enough pain to move out of China, they will have worked. It takes a little time. But now we'll go right back to being bent over by Ho Chi Minh.
Tariffs are a great idea if you also think that burning your house down in the hopes that a little smoke will get in your neighbors eyes is a smart play.
Trumps tariffs not only caused American's to pay more for goods and services through what is ostensibly a tax, but our actual tax dollars were used to bail out the producers of the goods and services that couldn't export due to the tariffs. I wish I could say that trumps bad decisions weren't always double threats, but this one sure was.
Apple isn't going anywhere but to another locale that doesn't have labor laws or minimum wages.
Tariffs are a great idea if you also think that burning your house down in the hopes that a little smoke will get in your neighbors eyes is a smart play.
Trumps tariffs not only caused American's to pay more for goods and services through what is ostensibly a tax, but our actual tax dollars were used to bail out the producers of the goods and services that couldn't export due to the tariffs. I wish I could say that trumps bad decisions weren't always double threats, but this one sure was.
Apple isn't going anywhere but to another locale that doesn't have labor laws or minimum wages.
Bingo! I have said numerous times that we need to reduce our regulations to match that of our competitors.
I don't see where American's are going to ever be OK with child labor, camps or wages that are barely above a handful of pocket lint, a button, a chewing gum wrapper and a broken safety pin.
As it is these boneheads are trying (and succeeding) at foisting $15/hr minimum wage requirements. Jokes on them when the McDonald jobs are "outsourced" to kiosks and burger making robots.
It's cheaper to mine iron ore in the US and ship it roundtrip China for smelting than it is to run the entire process here.
It's cheaper to mine iron ore in the US and ship it roundtrip China for smelting than it is to run the entire process here.
Well also there's the fact that China's human rights and labor/environmental standards are bottom barrel. They can do things cheaper because they don't care if some people die or no one can breathe. And they also engage in commodity dumping to break the chumps playing by the rules.That's how it's always going to happen when you protect unwarranted wage escalation and then decide to play the globalism game. We failed to manage unreasonable union demands by applying antitrust laws to corporations and not unions. Unions could not only cut across corporation lines like the UAW covered all US car manufacturing, but unions like the UAW could count on support from other unions like the Teamsters. Part 2 was continually bumping the minimum wage to follow the union lead.
That would be a difficult act to deal with globally, but there's Parts 3 and 4, currency manipulation (the Chinese do it well), and underpaying workers in countries like China. Something else the Chinese have perfected; they've got a lot of people to exploit both in wages and with pollution that will kill them early, but no big deal, life is cheap in China.
Then there's Parts 5 and 6 absurd US corporate taxes and regulation. Protecting the environment is a correct thing to do, but look at the Paris accords that deferred cleanup in China and India while further trying to strangle industry in developed countries - apparently our reduced pollution per volume of work is killing the world, but the Chinese extravagant pollution isn't - incredible. With our own government protecting us, who needs enemies.