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A simple quesion.

Tlhedglin
Posts: 119
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4/11/2012 3:51:23 AM
Posted: 4 years ago
Do you think instituting stern tariffs on imported goods would help alleviate some of the economic loss due to outsourcing?
imabench
Posts: 21,210
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4/11/2012 3:53:52 AM
Posted: 4 years ago
At 4/11/2012 3:51:23 AM, Tlhedglin wrote:
Do you think instituting stern tariffs on imported goods would help alleviate some of the economic loss due to outsourcing?

well it would boost industries in our own borders but at the same time it could harm us if the tariff is being placed on goods that are not and cannto be made in this country. It also puts a bigger strain on international trade which due to globalization more and more companies are relying on to connect the world, open new markets up and all that.

Tariffs are good for protecting local industries and making some revenue to a point, but raising it to high causes more problems than its worth.
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Tlhedglin
Posts: 119
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4/11/2012 4:10:16 AM
Posted: 4 years ago
At 4/11/2012 3:53:52 AM, imabench wrote:
At 4/11/2012 3:51:23 AM, Tlhedglin wrote:
Do you think instituting stern tariffs on imported goods would help alleviate some of the economic loss due to outsourcing?

well it would boost industries in our own borders but at the same time it could harm us if the tariff is being placed on goods that are not and cannto be made in this country. It also puts a bigger strain on international trade which due to globalization more and more companies are relying on to connect the world, open new markets up and all that.

Tariffs are good for protecting local industries and making some revenue to a point, but raising it to high causes more problems than its worth.

Hmm... What if we just taxed it enough to make it more competitive? Perhaps making them close to the same price, then letting the consumer choose?
baggins
Posts: 855
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4/11/2012 7:52:39 AM
Posted: 4 years ago
At 4/11/2012 3:51:23 AM, Tlhedglin wrote:
Do you think instituting stern tariffs on imported goods would help alleviate some of the economic loss due to outsourcing?

Guess what will the rest of the world do, if that happens?
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16kadams
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4/11/2012 8:06:10 AM
Posted: 4 years ago
If he tariffed china a trade war would erupt. That's why Romney is retarded.
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Ore_Ele
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4/11/2012 8:41:53 AM
Posted: 4 years ago
At 4/11/2012 7:52:39 AM, baggins wrote:
At 4/11/2012 3:51:23 AM, Tlhedglin wrote:
Do you think instituting stern tariffs on imported goods would help alleviate some of the economic loss due to outsourcing?

Guess what will the rest of the world do, if that happens?

That's why it depends on whether or not a nation can be completely self sufficient. Of course, we've slapped a ton of embargoes (far more extreme than tariffs) on Cuba and the rest of the world doesn't seem to care a whole bunch.
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Lordknukle
Posts: 12,788
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4/11/2012 9:34:16 AM
Posted: 4 years ago
The truth is that capitalism is not a one-dimensional game. You cannot merely always place the restrictions on trade that you will always believe will be solely beneficial to your own country. Tarrifs on free trade ruin international trade, which is arguably just as important as domestic trade. If a foreign company doesn't believe they will make a profit by exporting the good to your country, then they won't do it. The real thing is that you are distorting real demand in your own country. The company exported to your country for a reason: there was a demand in your country for that specific product. Without the company, demand signals will become lies and the market system will be distorted.

Also, free international trade is the only weapon that a free market has against a monopoly. If companies are let stagnate either through government regulation or a lack of competition (railroads in the early 1900's), then they will decrease the quality of services/goods, increase the price, or form an Oligopoly or a Monopoly.

Tariffs on other countries will also make them more inclined to produce retaliatory actions such as placing tariffs on your own goods exported to that country, effectively making your own tariffs moot and useless.
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Lordknukle
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4/11/2012 9:35:00 AM
Posted: 4 years ago
Tariffs are a very short term solution to a very long term problem that quickly backfires.
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lewis20
Posts: 5,093
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4/11/2012 12:36:17 PM
Posted: 4 years ago
I thought the consumer ended up paying for the tariff, no matter what the consumer pays more.
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DanT
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4/11/2012 12:51:53 PM
Posted: 4 years ago
At 4/11/2012 3:51:23 AM, Tlhedglin wrote:
Do you think instituting stern tariffs on imported goods would help alleviate some of the economic loss due to outsourcing?

No, it will only hurt the consumer, and the local economies. Some local economies may benefit, but most will not.

In order to prevent outsourcing we have to entice businesses to invest in the US, not discourage investment abroad.
This is something I learned in my economic course (in which I got a final grade of 100%).
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Contra
Posts: 3,941
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4/11/2012 7:57:40 PM
Posted: 4 years ago
At 4/11/2012 9:34:16 AM, Lordknukle wrote:
The truth is that capitalism is not a one-dimensional game. You cannot merely always place the restrictions on trade that you will always believe will be solely beneficial to your own country. Tarrifs on free trade ruin international trade, which is arguably just as important as domestic trade. If a foreign company doesn't believe they will make a profit by exporting the good to your country, then they won't do it. The real thing is that you are distorting real demand in your own country. The company exported to your country for a reason: there was a demand in your country for that specific product. Without the company, demand signals will become lies and the market system will be distorted.

Also, free international trade is the only weapon that a free market has against a monopoly. If companies are let stagnate either through government regulation or a lack of competition (railroads in the early 1900's), then they will decrease the quality of services/goods, increase the price, or form an Oligopoly or a Monopoly.

Tariffs on other countries will also make them more inclined to produce retaliatory actions such as placing tariffs on your own goods exported to that country, effectively making your own tariffs moot and useless.

I fully agree. +100

Although, having some environmental regulations, and a job retraining program (which we already have) are two good tools to have in trade.

Enforce trade laws, don't add tariffs.
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Lordknukle
Posts: 12,788
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4/11/2012 8:00:36 PM
Posted: 4 years ago
Arggg. I wrote my post half asleep and looking at all the grammatical errors makes me sad.
"Easy is the descent to Avernus, for the door to the Underworld lies upon both day and night. But to retrace your steps and return to the breezes above- that's the task, that's the toil."