Suche
Beiträge, die mit mythoughts getaggt sind
#MyThoughts (cont.)
Changing a country from a net importer to a net exporter of manufactured goods would require that the quality and prices of the goods be competitive on the world market.
1) Quality — there are many other countries manufacturing fantastic goods
2) Price — would the US compete (must consider cost factors like labor and COGS, which would rise w/ #tariffs )
… unless the country plans on boxing itself in and trading with itself
#USA #trade #economics
#MyThoughts (cont.)
US-based auto makers & suppliers will be hit very hard by extreme #tariffs . Some might even fail unless subsidized by the US gov’t. After all, Rome wasn’t built in a day, and it takes time to shift supply chains and manufacturing methods.
Interestingly, though, #Tesla stands to benefit over its competitors.
~ Tesla stands strong amid Trump's auto tariffs, emphasizes US supply chain strength ~
#USA #trump #AutoIndustry #economics
https://www.usatoday.com/story/money/business/2025/03/27/tesla-stands-strong-trumps-auto-tariffs/82688667007/
Tesla stands strong amid Trump's auto tariffs, emphasizes US supply chain strength
As the global auto world reeled from the potential fallout of Trump's new auto tariffs, one name stood out as less affected than others.Akash Sriram and Arsheeya Bajwa, USA TODAY (USA TODAY)
#MyThoughts (cont.)
The US has been a net importer for much time (consumer spending makes up ~68% of GDP) and its citizens, the consumers, are used to having much purchasing choice.
Pushing the country to fundamental economic change through #tariffs will inevitably isolate the #USA while hurting its economy.
Prices will rise per free market principles of supply & demand unless they are set by the State (meaning #Trump — is that where he’s going when threatening companies?).
#economics
So #MyThoughts —
This is not free market capitalism. It is ultra protectionist quasi-mercantilism. He’s treating the US like a developing country with an emerging market, trying to push it to become a net exporter (vs. importer) by force at the expense of other nations and the US economy (at least in the short-term).
And absolutely - US auto makers / suppliers would have to raise prices to meet their bottom lines when their COGS suddenly increase because of tariffs.
#USA #trump #tariffs
#mythoughts