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Sweatshop - Pure Drama
Political Fray
The lighter side of Tariffs
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<blockquote data-quote="The Atomic Punk" data-source="post: 1007729" data-attributes="member: 3874"><p>Here……it’s still early, and I have some time left this am to help the Bedwetters here understand this.</p><p></p><p>From the article.</p><p></p><p>It depends which workers we’re talking about. Workers who produce the specific goods covered by tariffs typically benefit from the protection. While it is difficult to pin down exact numbers, the tariffs on steel products appear to have <a href="https://www.nytimes.com/2019/05/30/us/politics/norway-trump-aluminum-tariffs.html" target="_blank">helped create several thousand jobs in the steel industry</a>; similarly, tariffs on washing machines are associated with <a href="https://www.nytimes.com/2019/04/21/business/trump-tariffs-washing-machines.html" target="_blank">approximately 1,800 new jobs</a> at Whirlpool, Samsung, and LG factories in the US. In these specific industries, then, tariffs have probably been good for workers.</p><p></p><p>See how tarrifs can have an immediate effect…..good right?</p><p></p><p>Now here is where you need to be a little patient……sometimes a tariff needs to be in place a bit for the second level of benefit to kick in.</p><p></p><p>Again, from the article…..</p><p></p><p>But any benefits for workers in import-competing industries need to be balanced against losses for two other groups of workers. First, many workers are employed in factories that use imported goods as inputs in their production processes, and when these imports increase in cost due to tariffs, it harms their production, often leading to job losses. Second, when the U.S. unilaterally imposes tariffs, American trading partners often implement retaliatory tariffs which may limit U.S. export production, again ultimately harming workers in these industries.</p><p></p><p>These industries needed time for the manufacturing sectors supplying those inputs to develop in the US…….given time, the tarrifs would have balance the real cost of an item. With all the rage regarding price gouging and corporate greed, you think making them pay the real cost of manufacturing would be welcomed……but alas……</p></blockquote><p></p>
[QUOTE="The Atomic Punk, post: 1007729, member: 3874"] Here……it’s still early, and I have some time left this am to help the Bedwetters here understand this. From the article. It depends which workers we’re talking about. Workers who produce the specific goods covered by tariffs typically benefit from the protection. While it is difficult to pin down exact numbers, the tariffs on steel products appear to have [URL='https://www.nytimes.com/2019/05/30/us/politics/norway-trump-aluminum-tariffs.html']helped create several thousand jobs in the steel industry[/URL]; similarly, tariffs on washing machines are associated with [URL='https://www.nytimes.com/2019/04/21/business/trump-tariffs-washing-machines.html']approximately 1,800 new jobs[/URL] at Whirlpool, Samsung, and LG factories in the US. In these specific industries, then, tariffs have probably been good for workers. See how tarrifs can have an immediate effect…..good right? Now here is where you need to be a little patient……sometimes a tariff needs to be in place a bit for the second level of benefit to kick in. Again, from the article….. But any benefits for workers in import-competing industries need to be balanced against losses for two other groups of workers. First, many workers are employed in factories that use imported goods as inputs in their production processes, and when these imports increase in cost due to tariffs, it harms their production, often leading to job losses. Second, when the U.S. unilaterally imposes tariffs, American trading partners often implement retaliatory tariffs which may limit U.S. export production, again ultimately harming workers in these industries. These industries needed time for the manufacturing sectors supplying those inputs to develop in the US…….given time, the tarrifs would have balance the real cost of an item. With all the rage regarding price gouging and corporate greed, you think making them pay the real cost of manufacturing would be welcomed……but alas…… [/QUOTE]
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Sweatshop - Pure Drama
Political Fray
The lighter side of Tariffs
