-
Recently Browsing 0 members
- No registered users viewing this page.
Announcements
-
Topics
-
-
-
Popular Contributors
-
-
Latest posts...
-
20
Accident Russian Man Dies After Saving Girlfriend from Phuket Waves
Off topic posts removed. Can you discuss the topic, not just try to attack other posters! -
30
Canada Surrenders
Though a lot of MAGA devotees would never admit the truth, the reality is quite the opposite. Carney has been striking deals with nations all over the world and setting itself up for substantially less dependence on the US, while the US is losing access to the highest quality lumber on the planet, very convenient oil and natural gas, and a wealth of precious metals and rare earth materials. Recall that one half of President Biden’s economic program was a targeted plan to greatly boost the manufacturing sector in advanced technology and critical industries. The Inflation Reduction Act, the CHIPS Act, and the bipartisan infrastructure law set up an immense subsidy scheme for both production and purchase of high-tech goods like solar panels, wind turbines, EVs, batteries, and semiconductors Moreover, the way Trump is doing tariffs is utterly at odds with the needs of manufacturers. Biden’s program did include some tariffs, some of which he borrowed from Trump’s first term, but they were set up in a rational and predictable manner aligned with clear goals and paired with investments in domestic industry. Chinese EVs, for instance, got a huge and increasing duty because Biden wanted to protect U.S. automakers from their arguably unfair competition. That gave Ford and GM the confidence that they could invest in EV facilities (and take advantage of IRA tax credits) without the rug being yanked out from under them. Trump’s tariffs, by contrast, are being imposed in a wildly erratic manner, dialed up and down on a practically daily basis via posts on Truth Social. They also don’t have any clear economic goal. Why steel and aluminum? What quantity of these items is Trump aiming to produce? Why champagne, which cannot be produced in the U.S.? He doesn’t say, because he doesn’t know anything. Most American manufactured goods are sold to Americans, and if there is a recession, purchases will fall. That is doubly true for expensive, durable items where a purchase can usually be put off, like cars, washing machines, solar panels, or computers. Trying to rebuild manufacturing while creating a recession on purpose is like trying to do a pole vault after bolting a sandbag to your ankles. The overall average US tariff rate is at its highest in almost a century, thanks to a range of other industry-specific taxes affecting products such as vehicles and steel. Instead of giving bosses a reason to hire, the whiplash approach to the trade war is sowing confusion and uncertainty. CEOs need clarity on where tariffs will be in the long run. But under Trump, it’s not even clear where tariffs will be at the end of the day, let alone the end of the year. “It’s a policy choice to sow this much uncertainty. And that uncertainty has a cost,” said Betsey Stevenson, professor of economics and public policy at the University of Michigan and a former chief economist at the Department of Labor under Obama. “The tariff mess has utterly stopped sales globally and domestically. Everyone is on pause. Orders have collapsed,” one machinery executive said in a survey released last month conducted by the Institute for Supply Management (ISM). Manufacturing employment has been shrinking for decades in the United States as the economy shifted from factories to services including technology and finance. About 95% of America’s job growth since the 1950s has been in the service sector, according to Stevenson, the University of Michigan professor. Chris Cocks, the CEO of toy maker Hasbro, told CNN’s Audie Cornish that because of the higher cost of labor, it’s 50% to 60% more expensive to make toys in the United States instead of overseas. Many factories have struggled to find workers who have the skills and desire to work at manufacturing sites that are often located away from major population centers. Lawrence worries that Trump’s tariff tactics will end up hurting American factories by simultaneously making it more expensive to manufacture in the United States and by angering overseas customers. “We are setting ourselves up to be a highly uncompetitive country,” he said, “while alienating our allies and pissing off the biggest markets.” -
40
UK-Asylum crisis Nationwide Protests Expected as Tensions Escalate Across UK
Yeah Teflon Thailand is different, On a side note, 2 English guys got petrol bombed last night by darkies while put up flags...it's already started -
30
Canada Surrenders
Naw we are just sad, a lot of guys here are thin and besides, you have to sit in a hovel in Isaan and think of nothing but Trump to be pathetic. Or impersonate a racist, Trump obsessed trans to troll on a forum you were tossed out of. Mega pathetic. -
29
Middle East UN Confirms Famine in Gaza City, Condemns 'Man-Made Disaster'
Against the tyranny of Republicans. And pay in blood. This would be ok for you as well? Rub your eyes and see what a nonsense you're posting. Israel's propaganda works efficiently on you, Dinsdale or icp and others. Congrats that you support murder and genocide. End of discussion with you 3. -
82
Crime Pattaya Beach Woman & Ladyboy Rob Australian Man
You put it all in the room safe, and take the "company" into the shower with you. She / He / It should never leave your sight the whole time they are in your room.
-
-
Popular in The Pub
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now