So again here, does this just relate to China? Because O'Reilly wasn't talking about just China. He was talking about Mexico, Canada, and Panama too. Does all the money on tarrifs on those countries come from the US populace too? And the guy who posted that video even said just because someone is on one side, doesn't mean he can't have a good option on something. Do you not agree with that?
My thoughts. If it's too long, don't bitch. Be a big boy and just don't read it. Makes no difference to me.
1) The Canada and Mexico tariff thing was posturing. Nothing more. None of the things proposed in the whole situation would've made a measurable difference other than some minor inconveniences (in the US). And as far as Trump is concerned, it worked. He got a reaction and response out of both. We've dealt with energy price problems
2) China is the only one that has real political and economic implications. We import almost everything from there, and they have an advantage over us that isn't fixable unless you can find some other place willing to sell the same things at the same volume, at the same cost which is about 10% of what domestic costs would be. The shoes you're wearing right now would be $600 if they were made here. And on top of that, there aren't any shoe factories in the US to begin with. Your computer would be thousands of dollars. Your garage door opener would be thousands of dollars. Your sump pump would be $500+ dollars. Your walk behind lawn mower "assembled in the USA from globally sourced materials" would be $2,000.
Ignoring all that for a second and assuming the cost/price thing wasn't a factor, the US doesn't have close to the infrastructure to produce even a tiny bit of what we buy from China.
Think about the shoes you're wearing. Almost all sneakers, boots, and shoes in the US are made in China. Lets assume for a minute that something weird happened and the cost of doing business here dropped t the same level of China. Where are you going to produce those shoes? There are no factories here to do that, even less so to make shoes for 330,000,000 people at the scale China does. I think you and many others fail to realize the scope of what that country puts out. Let's say Nike, New Balance, Adidas, Reebok, Skechers, you name it all decide they want to make their products here. Are you all the sudden going to have a 50 shoe factories pop up in a few years' time? In china there are literally thousands of shoe factories.
Same thing with your trailer hitch, your door bell, your light fixtures, your phone, your microwave, your drone, your windshield wipers, your cars' alternators, your ice auger, your picture frames, the fold up tables in your garage, your car batteries, your kids' backpacks...and on and on and on...all made in China for tenths of a penny on the dollar. Where you going to get the people to work in them if you did all of a sudden miracle 20,000 factories out of thin air? Because China has 2.8 million industrial manufacturing factories. That's not a number I pulled out of thin air.
I've been there several times and until you take a ride through Guangzhou or Shenzhen you don't truly have a clue about the scale of what all they put out. That's a whole lot different than Trump putting a tariff on Black Velvet, avocados, sunflower seeds, and some oil. All those things I mentioned earlier that China makes...every single one of them had a 10%, 25%, and now another 10% cost hike and they ain't paying it. You are.