Stock Market is the bottom in?

[Foggy47]

Might be a good time to watch and share this video with your family, co-workers, and freinds.

 

[Hoytvectrix]

The old tariff guy from the first administration Wilbur Ross was on CNBC .

His idea of a tariff credit for companies like Apple (that have already agreed to spend $500 billion on new facilities)…

I thought made sense, and maybe that happens? Give big incentives to build factories /facilities in the US !

Wasn't that tried with foxconn in Wisconsin?

I seem to remember the CEO of Apple sitting front row at Trump's inauguration.

Tariffs by definition are not promoting free trade. Creating incentives for specific companies nearly always has bad outcomes.

 

[Brian662]

The biggest realistic concern I've seen is time. By the time a company potentially invests in making their products in America again, building that infrastructure, it will take years with $$$(think 3/4) and the next administration with the stroke of a pen could erase everything making the whole thing worthless.
I think (hope) that's why Bannon the Strategist has been out talking about a potential 3rd term, so these companies take this seriously. I'm not convinced they will.

 

[Howboutthemdawgs]

Wasn't that tried with foxconn in Wisconsin?

I seem to remember the CEO of Apple sitting front row at Trump's inauguration.

Tariffs by definition are not promoting free trade. Creating incentives for specific companies nearly always has bad outcomes.

Picking winners and losers. Apple got a trillion dollar valuation because of glorified slave labor. Maybe the next better Apple is denied an opportunity for innovation because they are priced out of cheap labor markets. So essentially we are creating monopolies and oligarchs with this strategy.

Listening to business leaders today. Inflation is about to skyrocket and it’s not debatable. The only debate is how long will the inflation rise.

 

[Jerry-B-WI]

Wasn't that tried with foxconn in Wisconsin?

I seem to remember the CEO of Apple sitting front row at Trump's inauguration.

Tariffs by definition are not promoting free trade. Creating incentives for specific companies nearly always has bad outcomes.

That's exactly how Walker, and Wisconsin tax payers, got screwed by Foxconn. Didn't work well for Wisconsin or Illinois with Motorola. Here's a link to how the bid for Motorola turned out.

U.S. loses its connection when Motorola closes Illinois plant

Telecommunications giant Motorola closes Midwest plant, but flourishes in China.

www.jsonline.com

 

[Jerry-B-WI]

The biggest realistic concern I've seen is time. By the time a company potentially invests in making their products in America again, building that infrastructure, it will take years with $$$(think 3/4) and the next administration with the stroke of a pen could erase everything making the whole thing worthless.
I think (hope) that's why Bannon the Strategist has been out talking about a potential 3rd term, so these companies take this seriously. I'm not convinced they will.

Do you think Trump will be alive for a third term? And if he is will he have the mental and physical capabilities to do the job?

 

[Jerry-B-WI]

Might be a good time to watch and share this video with your family, co-workers, and freinds.

I thought the book was better.

 

[Howboutthemdawgs]

The biggest realistic concern I've seen is time. By the time a company potentially invests in making their products in America again, building that infrastructure, it will take years with $$$(think 3/4) and the next administration with the stroke of a pen could erase everything making the whole thing worthless.
I think (hope) that's why Bannon the Strategist has been out talking about a potential 3rd term, so these companies take this seriously. I'm not convinced they will.

Say Nike builds a factory here. Then what? We staff it with $20/hour workers who get overtime and health benefits and social security and paid time off and so on? Who wins? The shoe or apparel is even more expensive then paying the damn tariff and at least with the tariff you aren’t dealing with entitled low skilled American labor. I hate to say that but can you imagine some Vietnamese complaining about what we complain about, or demand what we demand, or unionize cause they want 30 days a year off.
Make those other poor bastards build those things and let’s innovate and focus on quality things.

 

[Brian662]

Do you think Trump will be alive for a third term? And if he is will he have the mental and physical capabilities to do the job?

Those questions don't matter to me, the constitution clearly states in multiple spots there are term limits, thankfully. If this is successful I expect someone from his cabinet or family will pick up the torch to continue the effort and the American people will likely vote them in.

 

[Brian662]

Say Nike builds a factory here. Then what? We staff it with $20/hour workers who get overtime and health benefits and social security and paid time off and so on? Who wins? The shoe or apparel is even more expensive then paying the damn tariff and at least with the tariff you aren’t dealing with entitled low skilled American labor. I hate to say that but can you imagine some Vietnamese complaining about what we complain about, or demand what we demand, or unionize cause they want 30 days a year off.
Make those other poor bastards build those things and let’s innovate and focus on quality things.

Groceries (his new favorite word) and textiles should have been exempt. We just and won't ever compete with warmer climates (groceries) and borderline slave labor (textiles).

 

[hunts_with_stick]

Too bad there isn't a sliding scale for wages to cover the cost of the tariffs.

If manufacturing moves back here, it will create more jobs then people which will increase wages which will increase spending. It's a win win win situation. In my opinion. Or if tariffs get removed on exports then hopefully companies use that money to expand and hire more people, going back to win win win..

 

[Ben.MN/WI]

The biggest realistic concern I've seen is time. By the time a company potentially invests in making their products in America again, building that infrastructure, it will take years with $$$(think 3/4) and the next administration with the stroke of a pen could erase everything making the whole thing worthless.
I think (hope) that's why Bannon the Strategist has been out talking about a potential 3rd term, so these companies take this seriously. I'm not convinced they will.

I think there could be faster movement back to the US if the products are currently being made in a different country. Starting an entirely new production facility from scratch may take years, but moving an existing line is much faster. If all of the equipment and tooling exists overseas, it could be moved into an existing industrial building in the US in well under a year.

 

[Ben.MN/WI]

Groceries (his new favorite word) and textiles should have been exempt. We just and won't ever compete with warmer climates (groceries) and borderline slave labor (textiles).

I agree with you that there should have been some exemptions like those you mentioned. I hope they were just lumped in with the rest of the tariffs knowing they will be the first to be dropped with a little negotiation. I don't see a benefit to having a tariff on something we can't grow here or don't want to manufacturer here.

 

[bwoods11]

Wasn't that tried with foxconn in Wisconsin?

I seem to remember the CEO of Apple sitting front row at Trump's inauguration.

Tariffs by definition are not promoting free trade. Creating incentives for specific companies nearly always has bad outcomes.

You have parameters on when and how they are rewarded. Make sure they build it !

I don’t see a lot of negative, if you reward companies for building new facilities/plants, I think the market/economy will go gangbusters !

It could be more of a tax credit as well.

 

[hunts_with_stick]

I am buying some stocks as well. Everything is on sale.

 

[Hoytvectrix]

You have parameters on when and how they are rewarded. Make sure they build it !

I don’t see a lot of negative, if you reward companies for building new facilities/plants, I think the market/economy will go gangbusters !

It could be more of a tax credit as well.

In the last Trump term this was tried and there was never any follow-through. FoxConn was given all kinds of incentives to build in Wisconsin and they never did. That is my point. Don't give exemptions (favors) for individual companies and you don't have to worry about this.

 

[bwoods11]

Hoyt—I understand, can’t give money up front and expect follow through.

Note—China never followed through on agricultural buys either . Hence one reason we are still in a trade war . They didn’t follow through .

 

[Howboutthemdawgs]

Hoyt—I understand, can’t give money up front and expect follow through.

Note—China never followed through on agricultural buys either . Hence one reason we are still in a trade war . They didn’t follow through .

Im all for crushing China any way possible.

 

[BenA]

I'd rather trade wars than armed ones. If it takes trade wars so we can stop China from using our money to build up their arsenals, I'd say it's a good thing.

 

[RGrizzzz]

This is an interesting dialog on the strategy of tariffs and the state of global trade. This implementation does leave room for improvement though.