Just thinking that with proposed tariffs, that import of foreign cars will go down. Will the quality of American made cars go back to what it was before Japanese started shipping cars over. Yes I know number of foreign automakers make cars here in USA. Domestic(GM, Ford, Dodge) makers didn't up their quality until forced to by competition. Will they go back to old ways, will Honda and other producers here keep quality up. A lot of car parts are made else where and shipped here for assembly. I have never bought a car not made by GM, Ford or Dodge and appreciate quality forced on them. 57 Dodge wore out at 60K, 67 442 Olds pretty well done at 50K(1st new car, wish had it back, but 7mpg and gas crisis at the time), 2011 Buick 110K and still going strong. Many cars in between and quality improved over the years.
If trade with other nations is jeopardized by the new President, we won't be able to afford things. If China can no longer ship things to the U.S. without paying huge tariff costs, inflation will escalate into double digits. Your flat-screen tv you can buy for $400 today will cost $4,000. Your $35,000 auto will cost almost $100,000. And, if we see more and more pushed to minimum wage... or minimum wage laws repealed... we will be a Third World Country before we can blink an eye.
As far as quality of automobiles, if we continue using similar components the quality should stay the same. As the automotive manufacturer engineers are pushed baack to minimum wage salaries or auto manufacturers simply no longer being able to afford engineers, we won't see advancements in fuel mileage, quality of construction, etc.
But all the stuff in China will be made here by Americans. All the workers making a living wage will buy more stuff which will make more money for corporations and that will tickle down and keep inflation low.
But all the stuff in China will be made here by Americans. All the workers making a living wage will buy more stuff which will make more money for corporations and that will tickle down and keep inflation low.
But all the stuff in China will be made here by Americans. All the workers making a living wage will buy more stuff which will make more money for corporations and that will tickle down and keep inflation low.
Being that the world's economy IS the global market, the world's corporations will move the jobs where the wages are lowest, to maximize profits. Jobs that were lost from the U.S. will not gravitate back to the U.S., without major price adjustment of the product, or major reduction in wages. Macroeconomics 101.
Being that the world's economy IS the global market, the world's corporations will move the jobs where the wages are lowest, to maximize profits. Jobs that were lost from the U.S. will not gravitate back to the U.S., without major price adjustment of the product, or major reduction in wages. Macroeconomics 101.
Are you therefore saying that we are doomed and it is the global economy, not Trump that is causing it?
If we don't make it here, will he put a tariff on it. TVs and most electronics are from overseas. Will he just put tariffs on product from countries where we have imbalance of trade?