> I do agree here - I rely on electonics from China and... we've had big issues
> before when oil/gas goes up, or when customs has tightened the border; I'm
> worried that big tariffs are going to throw a wrench in the containers that I
> have in China, on the water and at port.
> Guess we'll see.
That is concerning. However, I think this is long-term economic planning. On
the short-term, tariffs will cause the price of imports to be higher. In
regards to commodities like food, it will make the American products more
competitive than the foreign-grown products. Thus, making things better for
Americans. Items that we no longer produce (electronics & etc.) will go up in
the short-term, As America rebuilds its electronics industry, this price hike
will trend downwards until the foreign competitors will be forced to compete
against lower priced America goods.
How long will we have to endure this? As long as it take for us to regain
control of a majority of the global electronics market. Also, keep in mind
that America is a large (if not the largest) consumer of electronics in the
world. So, there is leverage to be had there as well. Of course, when we
start drilling oil in earnest again, that will be the trump (no pun intended)
card for leveraging any global trade deal.
Of course, we put ourselves into this present position where we depend on
producers overseas for our electronics when we kept buying the cheaper products
instead of the American made products. Politicians cutting deals with Taiwan,
China, and other countries are a lot to blame for this also.
In short, we may have to bare the whole tariff thing until we're able to
control more of the market, but in the long term it will be worth it IMO.
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