Trump and GOP want to tax Canada

[django]

an apple phone made in china now costs what ? 700 give ir take . you really think apple is going to take a loss to move manufacturing back to usa ? lmao . that phone will go from 700 to 1400 .

Yes and nobody is forcing you to buy one, lots of other options. Same goes for most products.

[maryjane48]

lmao . time come back to reality. the gop will never sign a bill preventing outsourcing . its their invention . haha . you see it wont be 1400 for the world just americans . rest of us will still get same price . add that with backing out the tpp and you now have a usa no one will invest in .that protectionist plan wont work in todays world . its time has passed

[Omnitheo]

Please tell me the American option?
Samsung?
Nokia?
Google nexus?
HTC?
LG?

Over 700 million iPhones alone have been sold. Do you think America is the only market for these devices? I doubt any company is going to shoot themselves in the foot to move production to the US. To make more expensive phones that only the most patriotic of people in the tiny US market would be willing to pay more for just for a "Made in USA" tag on it.

[w84u2]

If the USA stops buying Chinese made products, China will just call in the debt that is owed.

The U.S. debt to China is $1.115 trillion, as of October 2016. That's 29 percent of the $3.841 trillion in Treasury bills, notes, and bonds held by foreign countries.

How Did China Become One of America's Biggest Bankers?
China is more than happy to own close to a third of the U.S. debt.

Owning U.S. Treasury notes helps China's economy grow by keeping its currency weaker than the dollar. That keeps Chinese exports cheaper than U.S. products. China's highest priority is to create enough jobs for its 1.4 billion people.

The United States allowed China to become one of its biggest bankers because the American people enjoyed low consumer prices. Selling debt to China allows the U.S. economy to grow by funding federal government programs. It also keeps U.S. interest rates low. But China's ownership of U.S. debt is shifting the economic balance of power in its favor.

[hobbyguy]

Even though I distrust Trump, and his motives, I do believe that "neo-liberal" economics (Reagan and the Republicans had to rebrand it "supply-side' to make it palatable to their base) is an abject failure.

I have the advantage of having worked in management during a period where we had pure "trade" agreements, and the propagandists had not turned public opinion against reasonable tariffs. From my perspective, mostly related to smaller to mid size businesses at the time, it was better than the nonsense we have now.

IF for example, you had a country dumping a product, or using unfair practices, you just raised the tariff.

The net cost for consumers was almost the same for equivalent value product. (Remember, the GST came in largely to replace the government revenue lost when tariffs were abandoned). We still have a LOT of tariffs: http://www.cbsa-asfc.gc.ca/trade-commerce/tariff-tarif/2016/01-99/01-99-t2016-3-eng.pdf

One of the key things about tariff regime, coupled with anti-trust and foreign ownership control laws, is that it creates an environment with loads of opportunities for the small and mid size businesses. It also encourages foreign players to open subsidiaries.

Small and mid size businesses create more and better jobs than most behemoth multinational corporations.

So while a return to tariffs may seem like "protectionism" it is not. As long as tariffs are kept at a reasonable equilibrium, then a tariff regime actually creates a "fair" trade scenario.

[maryjane48]

but that isnt want trump wants . he isnt as complex . he wants charge a tax to any american company making goods outside the usa .

[w84u2]

*removed*

[Sparki55]

There are articles on how much extra it would cost to manufacture the iPhone in America (or even Canada). The extra labour is only around $50-$100 per phone (lots of automation). Some of the materials would be sourced from other countries as we (and America) lack certain mines. At the end of the day the $750 iPhone might cost you, in America, up to $900.

There are many other benefits to America, such as: more jobs, larger tech industry to automate factories, more taxes collected from companies manufacturing in America. Mention goods that are still imported would be subjected to tariffs and things start to look even better. Money collected directly into the government instead of free trade, which could alleviate taxing the citizens for imported goods to collect money for the government.