Tariff imposed and Watch Prices in the USA

[rlj676]

Originally Posted by MarioB83

That simply happened cause you are no longer competitive in that industries anymore and others are.
You can maybe try to manufacture medicines in US, be ready to pay triple for them.
Also a bit funny to talk about health access in your country as a metric for a tariff or fairness discussion

The mfg cost of medicine (and many other things like an iPhone) is a tiny fraction of the price paid. You’re paying for the research, and in the case of the USA we’re disproportionately paying for it (far more than fair share) due to our corrupt healthcare and other countries caps.

So no, you most certainly won’t pay triple or anywhere near it. Not for any product.

[rlj676]

Originally Posted by BraveBold

For China it is the “other” category that matters.

The requirements back in time on JV investments.

SOE IP and tech sharing requirements to condition investment or licenses.

Massive subsidies.

General interference.

Long list… but tariffs would be low.

However, what works in one system a) may not be optimal for another and b) may not be compatible with objectives.

China is not a case study I’d point to for much, at least nothing related to living standards vs the US. Even with the low starting point and massive improvements.

Ideally we would target the deficiencies for both US wealth distribution (there are ways but willpower and political support is lacking) and fair competition (again there are ways but some are not “smart” ways).

All good points, but at this point something must change. This is within control of the only person (or persons) with the wherewithal to do the very difficult.

Ultimately certain industries are vital to the survival (literal defense) of the US, auto (defense mfg industrial base), ICs, meds are specifically called out for this in the official documents.

Last, China seems intent on invading Taiwan by all indications I’ve seen. More importantly, much more connected major industrial players have stated long before these tariffs all their supply chain must be out of China in the not distant future (implied for this reason). Take away being Trump might as well go all out trying to get fair trade w China or force US supply out now vs then anyway.

[Mr Ben]

Originally Posted by Presa canary

Ron Vara and John Baron agree with what’s being done here

Thank you - this was cryptic enough I looked it up and it just sent me down a very entertaining wormhole of reading for half an hour!

Astonishing.

[mongrelnomoad]

Originally Posted by JRell

That was the reason for the CHIPS Act - totaling more than half a trillion dollars in private investments, and creating over 500,000 American jobs.

Exactly. The CHIPS and IRA acts, tied with government funded research (now all cut), were setting the US up to be the global leader in clean-tech, innovation and the future of industry and technology - and creating a tonne of new jobs in the process.

If Americans prefer to be the world’s no. 1 producer of trainers and tees, be my guest, but you’re not going to have an affluent society and the world’s preeminent economy doing so.

[SS Oyster]

Originally Posted by pessoa00

Those jobs weren’t lost, they were transferred to other industries, namely services and tech, where US has a tremendous trade surplus with the rest of the world. In fact, US has currently among the lowest unemployment rate of the past 50 years.

It is intellectually deceiving to only include goods on the trade deficit to justify declaring a trade war with the rest of the world (well, except for Russia…)

It is also naive to think those manufacturing “jobs” will be transferred from China, Vietnam, India, etc., back to the US, especially when the few that could maybe take those jobs (illegal imigrants) are being expelled from US.

On the topic of watches, what to you think Swiss companies will do? Open factories in US for made in US made watches? Who here would buy a US made Rolex? Just the concept IMO is ridiculous. Rolex just did a price increase of about 10% on gold watches and 18% on Daytona gold watches. They could easily get away with an increase of 15% on steel watches for 2025 and adjust the remaining with another increase next year.

To even out things IMO the rest of the world should impose tariffs on US services by the same amount US is imposing on goods. That would be fair trade.

So your plan President Pessoa00 is to ignore the fact that we no longer make anything and if we get into war or China “repatriates” Taiwan, (when we get cut off by China) is to tell your citizens, “Well, I thought we were good only having a services economy. I knew the United States no longer made anything (e.g. pharmaceuticals, comms/IT hardware, steel, etc.) here in the USA, but I ignored all those strategic risks and “hoped” things would get better. I did some polling and found out that ‘doing something’ about these risks would involve some economic pain, so I just kicked the can down the road, knowing insolvency would happen on the next guy’s term, not mine. But heh, at least Tesla stock dropped again today, right?”


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