Protecting domestic industries was a foundation principle of the Republican Party that made the USA great the first time.
When AI is strong enough to model all individual economic decision makers then it will be clear that Free Trade is a world wide race to exploit the least cost labor.
My close friend is opening a gym, part of this includes purchasing these thick rubber mats from Chinese suppliers. The new tariffs made it unprofitable when buying from china. His equipment supplier is currently negotiating with a US supplier. My friend is fine with waiting a few weeks.
The American middle class is being kept alive with cheap Chinese goods. The entire US economy is based on consumer spending so when prices go up it will hurt.
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[ 3.1 ms ] story [ 15.3 ms ] threadWhen AI is strong enough to model all individual economic decision makers then it will be clear that Free Trade is a world wide race to exploit the least cost labor.
https://www.tractorsupply.com/tsc/product/4-ft-x-6-ft-x-3-4-...
The ones I have (I used a few in my home gym) were made in Canada. I’m surprised any of these come from China.
Cheap trinkets are not worth the loss of jobs. That idea is an economy-killer and is the long-term death of the nation.