Usually, instead of tariffs currency fluctuations form natural tariffs. However the Chinese artificially lower the Yuan.
I think an alternative could actually be tariffs. Just not the way Trump implemented them.
Do them slow and steady. Announce you will up them 1% each month for certain goods. Promise you will keep them for the long term, so get broad political backing for them.
Just doing them on a whim is not something that gives people or companies confidence to invest into expensive factories, training and resources.
Low interest industrial financing, environmental recovery relief, and tax breaks and subsidies.
Industry will go wherever it is profitable to go. Make it profitable to make things here and they will. Tax them with tariffs and the industry will just go away entirely.
It’s not, which is why Obamas funding for green energy companies was killed. Economically good and politically popular are very often diametrically opposed concepts.
And how do you propose that happens?
Usually, instead of tariffs currency fluctuations form natural tariffs. However the Chinese artificially lower the Yuan.
I think an alternative could actually be tariffs. Just not the way Trump implemented them. Do them slow and steady. Announce you will up them 1% each month for certain goods. Promise you will keep them for the long term, so get broad political backing for them.
Just doing them on a whim is not something that gives people or companies confidence to invest into expensive factories, training and resources.
Low interest industrial financing, environmental recovery relief, and tax breaks and subsidies.
Industry will go wherever it is profitable to go. Make it profitable to make things here and they will. Tax them with tariffs and the industry will just go away entirely.
I can’t see sponsoring rich companies as a politically popular item.
It’s not, which is why Obamas funding for green energy companies was killed. Economically good and politically popular are very often diametrically opposed concepts.
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