Blaming this USA plant's closing on Trump's tariffs is a lie.

Blaming this USA plant's closing on Trump's tariffs is a lie.
Element Electronics company is obviously lying.

If the USA levies tariffs upon components, I would suppose and expect we would do so upon similar imported components and finished products from all foreign nations. USA producers are at disadvantages to cheaper foreign labor, but they're at lesser rather than greater disadvantages due to such USA levied tariffs.

I don't doubt that the tariffs will to some extent reduce USA sales of the finished products. We all benefit from cheaper imports, but they don't fully compensate for USA's chronic annual trade deficits consequential reduction of our GDP and net numbers of jobs.
I'm among the proponents of the improved unilateral trade policy concept as described in Wikipedia's “Import Certificates” article. It is superior to pure free trade, tariffs, or any other trade policy we're aware of.

Google Wikipedia, Import Certificates .
Refer to, https://www.newsday.com/business/element-tv-jobs-lost-china-tariffs-1.20345862
Respectfully, Supposn

I'm Supposn said:

Blaming this USA plant's closing on Trump's tariffs is a lie.
Element Electronics company is obviously lying.

If the USA levies tariffs upon components, I would suppose and expect we would do so upon similar imported components and finished products from all foreign nations. USA producers are at disadvantages to cheaper foreign labor, but they're at lesser rather than greater disadvantages due to such USA levied tariffs.

I don't doubt that the tariffs will to some extent reduce USA sales of the finished products. We all benefit from cheaper imports, but they don't fully compensate for USA's chronic annual trade deficits consequential reduction of our GDP and net numbers of jobs.
I'm among the proponents of the improved unilateral trade policy concept as described in Wikipedia's “Import Certificates” article. It is superior to pure free trade, tariffs, or any other trade policy we're aware of.

Google Wikipedia, Import Certificates .
Refer to, https://www.newsday.com/business/element-tv-jobs-lost-china-tariffs-1.20345862
Respectfully, Supposn

Click to expand...

Understanding economics and business fail post of the month nominee.

Hint: It's makes better business sense now to build an entire tv in China and ship it directly to Walmart then it does to pay tariffs on it and send it to a re-packaging company before shipping it to Walmart. It's also cheaper now to build an entire car elsewhere, pay the tariff on the whole thing and ship it straight to the dealer than it is paying tariffs on all the raw material and components and then building the car here.

Tariffs suck. Tariffs on components and raw material really sucks.

The OP is hijacking one subject to talk about another, the umpteenth thread on Import Certificates.

Tariffs are having an immediate impact on some business models, especially on imported materials that Trump specifically targeted, because that is the intention. By definition the role of a tariff is protection oriented but it is an outright tax on materials and goods that was not there previously.

In this case Trump is intentionally pushing up the price of materials and goods from several nations in an effort to protect some other interest and by design force some domestic companies that use raw materials from those nations to stop doing so or face higher costs to continue doing so.

If I had a business model that was dependent on prices being one rate, and Trump comes along with tariffs immediately impacting those prices to the point of harming profit then I might make the same decision that Element Electronics, BMW, Mercedes, and others have made or are considering making.