People bought foreign goods before WTO,NAFTA,KAFTA and other acronyms that caused companies to outsource left and right.
I didn't say that tariffs stopped international trade altogether, but they do reduce it and its benefits
This does to mean more jobs because companies will have to hire more people to meet the demand for the goods it produces.
Yes it does.
Regardless if tariffs are raised,lowered or abolished it is still an act of government interference. Removing or lowering tariffs benefits foreign countries and companies and directs money towards their pockets.Raising tariffs benefits American companies and it directs money towards their pockets.
I haven't seen you take a similar stand in the countless other economic threads on here. By this logic we should keep all government regulations, taxes, and programs in place. This is something that I know you don't advocate. Fine though, given the option of allowing the government to make a very brief intervention in the market, stop its interference quickly, and allowing the free market to work or continuing the interference in the future, I'll pick the latter. You havea very bizarre definition of "propping up."
You claimed outsourcing will make more people benefit from greater prosperity.Wages are tied in with prosperity.
And long term, free trade means higher wages from more production.
This wasn't about cutting off markets.
If other states put up their own tariffs, what do you think is going to happen to PA's out-of-state markets?
It just means the worker will have to take a lesser paying job
No it doesn't. It just means they won't have a job propped up by consumers.
Tariffs do not prop up American companies anymore than removing tariffs props up Chinese companies.
This doesn't make any sense. How does allowing prices to be equal to supply demand constitute propping up? Propping up means that the government is taking specific action to ensure cash flows to that company despite market forces. Removing a tax on something doesn't act against market forces. The market is already favoring Chinese factories. Therefore the government is not counteracting anything when they remove tariffs.
There is nothing inefficient about American companies producing goods.American companies producing goods employs Americans, makes sure tax dollars stay here in the US, and ensures that we are not at the mercy of any other country for goods.
It's inefficient when we have to produce all of our own stuff. Again, you rely on division of labor. There's no reason why this doesn't scale up to countries.
Many of those jobs do not pay squat.
Many do.
Only if that person's job is tied to the company whose stock crashed.
And when those companies crashed, they helped bring down the other ones. The most obvious way this happened was the collapse of credit and refusal for many businesses to loan. Go ahead, james, show me all of the unemployment data and when it spiked. I'll give you hint, it started around the same time as the worse financial panic since 1929.
This has nothing to do with outsourcing.
It's the same exact concept. You are only complaining about it, because there is a border in the way.
You so desperate to grasp at straws you are now making a comparison to the Soviet Union.
You are the one talking about the importance of jobs being more important than efficiency
China can find other customers. The US after all is a country of 307 million people. Out of the 5 billion plus other people on the planet and 1,338,299,500 Chinese I am pretty sure China can replace as customers should they stop selling to the US.
It doesn't work like that. You are showing ignorance of the most basic laws of economics, supply and demand. If other people wanted the goods going to America and there was not enough of the production to satisfy their demand, prices would go up. Producers would be attracted by these rising prices and the promise of profits, and they would step up production. The Chinese always have the option of making more money, but they don't make the same amount by wiping out one of their biggest customers.
James, read a freaking textbook before you comment more.