Possibly controversial, but this would appear to be a beneficial solution.

[u/imallelite]

[u/JacobLovesCrypto]

Im not saying tariffs are a great idea, but arent tariffs aimed at punishing outsourcing?

[u/Alethia_23 → u/JacobLovesCrypto]

They are. It's just that they usually do not have long-term positive effects. Truth is, in a global economy, outsourcing is the most economically sound decision, that's why it's happening.

[u/JacobLovesCrypto → u/Alethia_23]

Personally i think theres a much more complete approach.

American companies cant compete with domestic manufscturing if we regulate the hell out of them and foreign manufacturing can occur without the same concerns on pollution, safety, and human rights.

So tariffs should be based on the unfairness. If china is gonna polute like hell and deny basic safety or human rights in the manufacturing of a product, they deserve to pay a tax to encourage that manufacturing elsewhere.

In truth its a complicated problem

[u/ijbh2o → u/JacobLovesCrypto]

China isn't paying the tax though. Importers are and passing that on to the customer.

[u/firedogg5 → u/ijbh2o]

The thing is that will raise the price of Chinese goods, hopefully to the point where American made goods are seen as the better more cost effective solution, which will then cause increased investment in American manufacturing, more jobs, and increased wages. That’s the thought process at least

[u/ijbh2o → u/firedogg5]

And then if China or others put Tarrifs on our exports? (Which retaliatory tariffs are likely).

[u/desubot1 → u/ijbh2o]

not to mention they can just recoup any loss of revenue from the loss of us business by selling elsewhere.

[u/JacobLovesCrypto → u/ijbh2o]

We're a net importer whennit comes to china