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Economist and journalist Duncan Weldon on Trump’s tariffs on Vietnam Subscribe on YouTube: …
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44 comments
The tarrifs are bonespurs trump's Vietnam. Sad.
Pretty dishonest. Other countries tariff the USA and that seems ok? Unless you make an American car you can`t sell to Japan. But they have an open market? Steel same issue. Kraft cheese 200% tariff in Canada Milk 700% Great unless you make your livin selling milk.
The tariffs make no sense. Tax the corporations. Tax the rich. The president doesn’t have the legal authority to levy taxes. The tariffs are illegal.
Don't get you. We need both primary and tertiary industry. Why not T-shirts industry?
In days, China will attempt to dump all of these goods into the EU. Watch what the EU does.
I so enjoy when academics who have no practical experience in business are talking about how the world works.
不要緊，川氏親朋因為消息靈通都賺了😂
He thinks he has seized permanent power, so that he will have time to see these changes made.
Trump sees all goods and services as the same and equal.
I tried explaining this to some friends in the US last year, using the same example. They could buy American-made t shirts, but they'd cost $50 because no American wants to work for $5 an hour making t shirts. Or, they could continue buying t shirts from GAP for $10 made in Cambodia. The stores selling which employ thousands of people and the profits for which are made in the US.
They seemed to agree with what I was saying. They all voted for DJ Trump, so it clearly didn't have much effect.
The problem with this guy is he is being logical!
He could answer his own question if he started to look more illogically and had a personality disorder. The fact he can’t means he will never understand how Trump works…
Trump is actually brilliant not that it's gonna benifit a regular Joe..So he's gonna slap ridiculous tariff that US people will pay and with that money pump the budget and reduce the debt or the alternative to manufacture in the US and collect tax from them..Great concept but it's gonna kill the purchasing power and even less money in budget..
Vietnam lets, the Chinese pass through their goods. I even heard a manufacturer talk about it so they could keep the business open. It was like Mexico with their pass through. So the need to stop it or pay tbe price
Manufacturers may move back to us to make things meant for US market. The cost of the products will be so high that nobody else is going to buy it except the Americans.
It's not about t-shirts it's about China sitting there Goods by proxy through Vietnam let's get it right
Question is are they going to be our factories though? Because it will open up jobs for people and you know it will benefit plus just think you could become like a wholesaler a vendor for most of the things that's going on within this country right now A lot of people are making you know clothing and things like that so they're going to need embroidery and they're going to need printing we get off for that.?
To increase manufacturing, instead of draining the lake with nowhere to put the fish and expect the fish to somehow deal, you'd need to build another lake for them to be in. Kinda like Kamala's plan that MAGAs all said they didn't like but couldn't name a single thing from, where she would've encouraged businesses to begin and prosper. Hmm? Still, her laugh though.
It's not just t-shirts that's questionable, but most manufacturing jobs dating back to when I was a kid were pretty mundane and undesirable jobs. People didn't like them and that's why they had to be paid well, like coal miners today, the few that there are remaining. So if you're thinking manufacturing jobs, maybe it's better to think of the engineer that operates robots and designs wafers. That's more up our alley.
The silver lining to all this, if you read between the lines, is those on top recognizing this economy relies on exploiting labor and they would rather loosen labor protections than cut into profit margins.
We have seen this b4. Manufacturing will shift to those countries which have low duties
And it will take a few month and year to make the infrastructure back to make factories and machinery and troubleshooting them😅😅😅, Time =money
Could be a little more nuanced….. You start talking about Nike trainers and then switch to t-shirts. In some situations (like Nike trainers), the actual product cost about $5 – $10 to manufacture and is sold for ~$250. The profit is all made in US, but accounting and corporate structure result in actual profit showing in Ireland (where there is no tax). As such, for Nike trainers, the tarif will result in tax collected in USA where no previous tax was collected and the price of Nike trainers being nearly exactly the same (because your costs are nowhere near sale price). Obviously, this isn't the case for all products or services but your argument isn't particularly honest (or maybe you just aren't intelligent enough to understand).
it is all about trump's share😂😂😂😂
We know the old way was not working.
Is it good to bring blue collar jobs back to USA?
Does american want to go back to the factory and make 30 pairs of sneakers per hour? Nope, they will probably mecanize those factory or use cheaper migrant workers….
Inshore manufacturing will request high level of automation to keep up with the cheap labor cost of Asia…
But this is surely what the people want because he's democratically elected. 🙄
A trade deficit is a good thing. It costs the US government nothing to spend USD, so we're getting something for nothing.
It’s okay, I have £ £200 golds
How about the fact that we have lost 90k factories since NAFTA. Or the fact that wage growth has been abysmal yet productivity and profit of these major companies has skyrocketed. We have SUCH a massive divide in wealth that most people dont even have a plan for a thousand dollar expense. The tariffs are just a means to an end. They bring back businesses that will have to pay competitive wages and create economic growth and opportunities that otherwise would be overseas in China Vietnam or India countries that have MASSIVE tariffs on us by the way. Another goal the tariffs have is a reset of American trade. Countries are flocking to the president out of fear and requesting trade negotiations or cutting their tariffs on us this will allow America to export more goods and bring massive wealth to the country. The final goal of the tariffs is to eventually eliminate taxes on overtime and tips which will MASSIVELY IMPROVE workplace productivity. I can't tell you how many times people have chose not to work overtime because they dont want to pay more in taxes, The money you get for the work is not sufficient for the mental and physical toll it takes on us. WE WILL BE the most productive country you have ever seen if he is able to accomplish his goals. I'd work an 80 hour workweek and i already work 60s.
You can buy American made T-shirts from American Giant right now. All the labor is here and materials are made here. One shirt costs $45 and they go up from there. Most people can't justify a $45 T-shirt. I have one of their hoodies and it was over $100. Again – most people won't buy that. It's wonderful and might last longer than I do. As usual Trump is telling tall tales and delivering chaos.
Based on the title, "You've really got to question Trumps tariff logic". You don't if you accept that it is designed to short stocks and then be the Robber Barron. Check out the sale of stocks prior to the Tariffs. Then check out the purchase and sale of Bonds in the interim period. Then check out the purchase of stocks that tanked to low values.
I'm pretty certain some of the guys at the top just made billions after Trump's announcement of the tariff and his turn back. Insider Trading, anyone?
Anyone gonna talk about how how he pronounce Nike as ’Nigyt’?
The idea of bringing America back into industrial country, imagine people setting up a company due to Trump's policy and the next President change the regulation to the previous one, many will go bankrupt.
why not show the tariffs that have been on the USA in the past. sure your afraid to show this
Thats before you throw in the reality that there is no labour force for that tshirt manufacturing, their working class dont have the appetite for these potential low income jobs and at the same time theyre trying ro kick out the immigrant work force who more than likely would
Who is this? Or is it AI?
The thing is, t shirts for example while they may raise in price and that's a good thing, we need to get out of this mindset of always purchasing week after week so a price increase is a good thing, any other country can still sell t shirts here but so can we and if you move a shirt factory hear and by having to pay a little more them benefits are a plus because it would create jobs and if all this manufacturing comes back to the US then it means more pride in your country less pollution from our products being throw away crap and the jobs would pay better than Walmart and McDonald's and then all of the other jobs and market enrichment it creates with the ocompanying infrastructure and economic webs just strengthens or economy. We should have the ability to produce everything we use and imported products should always be an option and that goes for any country not just the us, all this concentration on micro casims of the re industrialization ignores all the other job creation and support industries that comes with it rebuilds and it rebuilds the middle class, communities, infrastructure, strengthens the economy and strengthens or national defense by creating independence and self reliance.
Thankfully, it’s easy for us to be better informed than listening to this
What is about Ukraine? Is it all forgotten with this tariffsss…………?
Just a guess but USA dont have to bring back all manufacturing back to them, they can invest manufacturing for countries with low tariffs.
Divesting into CHINA, their rival is like cutting their trade deficit since China is gaining and USA is losing. Its like funding your nemesis that may soon pose threat to your country as China is Militarizing consistently.
Absurd solution 😂😂😂… us can be printing money from thin air to cover their deficit and the usd value will still the same… cz everyone in the world are using usd to trade abroad…
Honestly, I'd rather pay a bit more for goods made in the US, and I try to, but finding it is hard. Carhartt and Levi's are garbage now, the material is thin and doesn't hold up like it used too. Used to get 5 to 10 years out of a shirt i paid good money for, now it's all garbage and starts getting holes after 1 or 2 years.
I've got 20 year old boots that are comfy and the soles have been replaced once. I bought hard toes 3 years ago and under light usage they need replaced, and they're "good" boots.