Gordon G. Chang, FOX News: American industry is going to bat for China to undercut Trump. What's going on?
The country that builds Mars rovers cannot manufacture an all-terrain vehicle for American landscapes. That’s according to Sen. John Thune, the South Dakota Republican.
"We have companies in my state of South Dakota," he told U.S. Trade Representative Robert Lighthizer at a June 18 Senate Finance Committee hearing. "I think you’re probably familiar with Polaris that is just getting hammered, that don’t have opportunities to shift supply chains."
Polaris Industries, of course, is the maker of ATVs, and its senator was arguing that the company should be given an exemption from tariffs imposed pursuant to Section 301 of the Trade Act of 1974.
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WNU Editor: American industry has a long history of supporting their business ties with unsavoury governments over the wishes of their President/government. Case in point .... Hitler's Willing Business Partners (The Atlantic). Hitler and the Jews, Xi and the Uighurs .... different times and peoples but economic interests is what takes precedent.
tip: If EVERY worker in the U.S. worked at the MINIMUM wage, it would still be cheaper to make goods in Asia
ReplyDeleteTariffs are paid for up front by the corporations who then absorb them to avoid competitive issues, or, pass them on to the consumer. Ultimately, the consumer pays as the tariff cost shows up in all products such as those not made in China. Also think Trump's rebates and the cost to the people.
ReplyDeleteEveryone knows that, and some are willing to take the collective hit to their pocketbooks in the hopes of either getting China to abide by WTC rules, or failing that, reviving American industry in some capacity. People aren't being fooled into paying more for absolutely no reason. It's no different than any number of social programs which ultimately harm the pocketbooks of the majority; it's done knowing that you're paying for something tangible in the end.
ReplyDeleteIf less goods are imported to China, then China is taking a hit.
ReplyDeleteIf companies move their supply chain to Vietnam or India, China will take a hit.