Price I pay is not getting my $20 fairy lights that made my backyard look cute. The price foreign factory workers pay is that they’re out of a job. I don’t think Americans pay the most, but they do pay.
Edit: Clearly people are missing the point Im trying to make here. I’m trying to address the viewpoint that Americans will somehow lose the most, which i don’t think is the case. This isn’t a pro tariff argument. American consumer is the biggest market there is on the planet. Pretending we can just find other buyers is ludicrous. Yes, there will be some jobs affected domestically, but that number will be much higher elsewhere.
In this case, though, I would imagine that lightly waterproofed decorative outdoor lighting would sell about equally well to any first or second world market.
I’m wondering if some of them are wide but shallow, and that they have a much smaller total consumption quotient available.
The US was a unique money-making machine... Although the gears seem to be getting looser and the machine is being broken. Personally I think the US economy is flexible enough to mitigate much of the damage, however I worry about the future impact of political changes.
I'm in New Zealand which is quite wealthy although the demographic timebomb will go off in next decades: and our economy is also fucked because our voters hate businesses and business people.
One strong signal of how fucked a country is economically, is how well small businesses can survive.
If the US starts screwing its businesses more, that is the time to worry.
Yes, the the cost of (at least) some foreign workers is that the jobs they had creating good exported to America will go away. That's true. The trade-off though isn't just that the Americans don't get their stuff. The real trade off is that the good those factory workers buy (whether they be physical or immaterial, cultural or financial services) will not get bought. Americans making those good will therefore ALSO be out of a job.
In the end, nobody gets what they want and everybody loses employment. It's a lose/lose for everybody involved.
I read it more as decentering the United States, which frankly I'm completely, 100% for. America's (lack of) culture has been our biggest export. We've sanitized vast swathes of the globe into our hollow consumerist self image at great cost to interesting and beautiful places. All products are designed with Americans in mind, because Americans were the center of global trade. If you wanted to make money, you had to sell your thing to Americans.
And, worse, Americans have grown accustomed to this deference and preferential treatment. It's time we got a reality check: that the world doesn't need us anymore. That we've become as old, dumb and worthless as the shitty president that so perfectly embodies our culture of consumption, waste, and useless greed.
The US is treating everyone else like shit and isolating themselves from the world.
The world is slowly esponding accordingly and reconfiguring to the new reality where the US is unreliable and unfriendly.
While it's a lose/lose this will ultimately hurt the US more than everyone else.
The world isn't going to come to the aid of the US and prop them back up to their place of hegemony when this all goes to shit. The rest of the world is going to pick at the carcass of what was once an inspirational empire.
Meaning that for a lot of businesses, especially those that manufacture goods US is often a very important and hard to replace market.
e.g. What do you think will happen to the profit margins of EU drug companies if Trump actually imposed his tariffs on pharmaceuticals? Besides the size of the US market they also generally charge much higher prices there.
That tiny German company making lab equipment which happens to be absolutely essential for your company? Their shipments aren't getting through customs anymore, and dealing with the additional paperwork is way more than the two-and-a-half people in charge of shipping can handle on top of their regular duties. The US is only 5% of their market, so rather than drown in an attempt to serve the US they'll just suspend shipping until the US fixes itself, and serve the other 95% of the world instead.
Can't do your job without a replacement MacGuffin? Oh well, sucks to be you! Not our problem that your company is going to lose millions, take it up with your government.
I highly doubt these kinds of companies will reduce their prices once the tariff is gone resulting in a permanent higher cost of products made with these machines in the US.
That is all of your imports that are impacted by tariffs? Whatever it is that you are smoking is some good stuff.
The EU is the top trading partner for 80 countries. By comparison, the US is the top trading partner for a little over 20 countries. The EU is the world’s largest trader of manufactured goods and services.
The EU is making moves right now to position itself as the preeminent center of world trade.
Losing that position will hurt Americans more than anyone else.
The EU being what it is considering to start planning to make a plan to take moves to plan these moves.
Then it will have to align those plans with all its members etc.
It generally punches below its geopolitical weight, but that’s because it was happy to follow the US when American policies were decent (not great, but good for trade and mostly good for stability). But that’s not a law of nature, things do change, even if it is slow compared to the modern news cycle.
