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Quote:
Originally Posted by mhsprecher
Most economists think the tariffs are a terrible idea and won't to anything to stop theft of intellectual property. If other countries also impose tariffs on U. S. goods, more will be hurt than will benefit. We have a trade surplus with Canada, so putting tariffs on Canadian goods makes no sense.
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Interesting point of view however most economists (-including my college prof) really have never had real-world experience running business', ...and so they just use their self-formed opinions to sway other people's thoughts. Ironically, their opinions along with most of the election polling companies opinions have proven to be incorrect under this administration.
Maybe I am missing something here but stealing the intellectual property from US manufacturers really is of no benefit to the foreign manufacturers if they have no one to sell them too after they must add 25% tariff to import it back onto our soil. I would expect the way the NAFTA negotiations will go, is our country will allow goods to enter our border duty-free if that product originates from Canada or Mexico (-not originating from any foreign soil and using Can/Mex as a pass-thru) -AND our trade with that country is fairly even percentage-wise. At that point, both sides win.
As far as them imposing tariffs, exactly what do we need of these countries that would impose a tariff on us? Our biggest exports are Food, Petroleum (Crude and Coal), & Pharmaceuticals. These countries need our grain & soybeans, they want our energy, and they need our medicines. We import oil as a convenience to our own ecologists but if push came to shove, we could quit exporting oil and just use it for our own needs.
The next biggest thing we import is equipment & machinery, ...which if we were back into manufacturing here in the US, we could supply our own needs. The 3rd biggest item we import is electronics, ...which is a product we used to manufacture here before that manufacturing of those goods moved off-shore. Again, economists can say what they wish but they
need what we are exporting, and we
don't necessarily need what we are importing if we can manufacture it here!
As far as the Canadian surplus, the last I read it was something like we do $675 billion in total trade between them & us, and the difference is like $5 billion which is around 1 percent. In the Grande Scheme of things, that is nothing.
Again, I think this is going to be good for the car collector over the long term since in all likelihood, the reproduction parts manufactured here in the states will be of much higher quality, and when more hobbyists have a stronger income and/or portfolio, they will have more $$ to spend on their cars. Think about this as it relates to our Model-A. Presently we have tires being manufactured in the US along with Brazil and Vietnam. We all read here how we want the best product for our Model-A, and we know the US-manufactured Goodyear seems to be the best tire on the market. Now the playing field is leveled where the prices for tires will be close to even, and when a hobbyist must buy tires for a Model-A, he will likely purchase the US made ones if the price between the 3 is similar. The same for shock absorbers, --we have two manufacturers here in the US and one in S America. I agree it will put a hardship on foreign manufacturers building reproduction parts that will now need to compete with the US-made reproduction parts however I honestly believe it will be a good thing. Also realize that the owner of the foreign manufactured reproduction parts has the option to bring his tooling into the states and begin having it manufactured here. Either way, we are boosting our economy by having it manufactured here instead of making other countries richer.
Quote:
Originally Posted by WHN
Is this a Political forum now?
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Yeah kinda, ….but it is very pertinent to the Model-A hobby.
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