FCA Proposes a Merger with Renault
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Shinerbock
The purpose of tariffs is to protect domestic industries by keeping up the prices they can charge for their products.
You keep harping on the UAW, maintaining that a tariff that protects their jobs doesn't protect the companies they work for. Like there is no relationship between corporate profits and what they can pay their employees. You maintain that the tax doesn't restrict competitiveness. That makes no sense, why have it then.
Of course it benefits Toyota and Nissan. They produce vehicles in the US with non union labour and are protected from competition from other Asian manufacturers by the same tax. To say their bottom line doesn't benefit is delusional. Korean auto unions were livid when their government signed a trade agreement that extended the Chicken tax on their vehicles for another 25 years.
Whether the tax is a good thing or not depends on your point of view. If you are a US automaker or autoworker it is a good thing and I respect that. If you are just a consumer looking for the best price it isn't because ultimately they pay for the tariff and I respect that too.
At least I am not delusional about the real purposes of tariffs and their real consequences.
Tariffs and protectionism can be a two edged sword. The Soviet Union tried to isolate its economy. How well did that work?
I'll leave this subject now.
The purpose of tariffs is to protect domestic industries by keeping up the prices they can charge for their products.
You keep harping on the UAW, maintaining that a tariff that protects their jobs doesn't protect the companies they work for. Like there is no relationship between corporate profits and what they can pay their employees. You maintain that the tax doesn't restrict competitiveness. That makes no sense, why have it then.
Of course it benefits Toyota and Nissan. They produce vehicles in the US with non union labour and are protected from competition from other Asian manufacturers by the same tax. To say their bottom line doesn't benefit is delusional. Korean auto unions were livid when their government signed a trade agreement that extended the Chicken tax on their vehicles for another 25 years.
Whether the tax is a good thing or not depends on your point of view. If you are a US automaker or autoworker it is a good thing and I respect that. If you are just a consumer looking for the best price it isn't because ultimately they pay for the tariff and I respect that too.
At least I am not delusional about the real purposes of tariffs and their real consequences.
Tariffs and protectionism can be a two edged sword. The Soviet Union tried to isolate its economy. How well did that work?
I'll leave this subject now.
