Coming February 6, 2024 . . .
MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop
Coming February 6, 2024 . . . MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Trump is effectively pitting the interests of a relatively small group of people, those who work in factories, against hundreds of millions of consumers. Seven years ago, the Obama administration accused China of unfairly subsidizing tires. It imposed tariffs reaching 35 percent. A subsequent analysis by the Peterson Institute for International Economics, a nonpartisan think tank, calculated the effect: Some 1,200 American tire-making jobs were preserved, but American consumers paid $1.1 billion extra for tires. That prompted households to cut spending at retailers, resulting in more than 2,500 net jobs lost.
Comments
Thanks for this - I'd wanted to mention something earlier about components, such as all the different pieces in a PC before final assembly, or all the different processes in multiple countries that go into a single piece of clothing. "Made in X" is largely a joke these days.
by PeraclesPlease on Sat, 12/03/2016 - 10:09am
Yeah, I read another article a few weeks ago that detailed the convoluted supply chain with parts coming from several countries for those "made in America" cars. I'm not 100% against some limited protectionism for industries vital to our national security. But it would take an extremely knowledgeable policy wonk to thread that needle. Trump and most of his advisors are ignorant of that nuance as well as the cost benefit trade off of increased consumer goods price increases.
by ocean-kat on Sat, 12/03/2016 - 1:23pm