Ok so that trickle of shifting to other countries benefited the US economy how exactly? You realize that still increases prices?
Not necessarily. Labor cost in China has actually gone up significantly over the last several years and pile 25% tariffs on top of that isn’t really “cheap”. Things can be made in India, Vietnam, Cambodia, etc. etc. with cheaper labor cost and you don’t have a 25% tariff on top of the duties, import taxes and clearance fees, etc. Being 100% dependent on China is ludicrous so getting consumables from other countries as well helps lessen the dependency on China.
This is a weird thing to b**** about, given that nuclear energy has grown/held steady as a source of energy for the US in % terms for the past few decades. Renewables has simply grown faster now produce a larger % of our energy than nuclear ever has - seems like a good thing, but you prefer if we didn't have this new energy source, it seems. Nuclear is good, but renewables come with less upfront costs or safety issues, meaning they can be implemented way faster and without all the NIMBY problems (GOP and Dem-driven) of nuclear. Reality doesn't seem to trump ideology in your case.
That was happening long before Trump was President. It was due to lower labor costs as China industrializes. Nice try, though. Vietnam, as an example:
I don't disagree that being 100% dependent on China is ludicrous. That was the whole point of TPP, to reduce dependency on China as well as open up new markets for US exports. The anti-globalization march killed it and it certainly would have accelerated more goods coming from other countries. This analysis shows that the Chinese tariffs contributed 0.26% to the CPI, which doesn't sound like much but still is significant. Additionally, it actually adds more, as much as 1% as it allows US manufacturers to increase prices as well. https://www.piie.com/blogs/realtime...ht-inflation-cutting-tariffs-china-only-start
US growth in nuclear has been anemic at best. But that wasn't my point. Energy has become a global issue. When you have certain countries shuttering nuclear, it effects the entire global energy market. Renewables and green energy is a stupid term. I fully support low cost, safe, and the least pollutant forms of energy. Most of the world has done a decent job of cutting down on coal. Next we need to aggressively get ICE vehicles off the road.
Didn’t the EU recently ban sales of new ICE vehicles starting in 2030 something? I didn’t get a chance to read into it but I think that’s the headline I saw. That’s a good start IMO. There always be a need for combustion engines in certain areas like farming and ships for example, but getting 100% gas engines off the road is a good step towards progress if it planned out and followed through. Unfortunately the political climate in the US right now is to undue what the previous regime started. Then they pass (or try) their own legislation, that takes a decade plus to achieve or see results, in a very small achievable window and that isn’t realistic.
I agree. Screw poor people. they should have studied hard in school. Not my fault if they can't afford a new 60K car. Ban cheaper new cars ICE cars, drive up the price of used ICE cars and incentivize keeping them on the road longer. Average age of car on the road is already 12 years, hopefully with these policies we can push that to 20 which will really improve efficiency
the only viable mfg option in Asia, in terms of labor cost / skills, is Viet Nam. but the logistic cost to support mfg in Viet Nam, where there aren't any deep-water seaports, is much more expensive than China, where there are many deep-water seaports
Enjoying amateur economist hour here on the bbs . truth be told , I don’t think professional economists know **** (for the most part either )
