Quote:
Originally Posted by Steve D.
Article from Fortune Magazine: Only U.S. TV manufacturer to lay off employees.
The tariffs imposed by President Trump have claimed more jobs, this time at a consumer-electronics manufacturing plant in South Carolina.
-Steve D.
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That is a bad and pointed way to look at it IMO.
For along time we have imposed no tarrifs on goods imported from countries that place terrifs on good from our country imported into theirs. This kills our manufacturing jobs by allowing that country price our goods out of their market, and (assuming their labor costs are less than ours) they can simultaneously price our goods out of our market. Thus forcing our manufacturing jobs out of business or the country.
What Trump has been doing is to try and fight this unbalanced system and achieve a new balance not skewed so badly against the US... Granted these foreign countries are used to get their way at our expense so they are going to attempt to fight back...In whatever way they can without loosing their biggest market the USA.