The United States bought more goods from Mexico than China in 2023 for the first time in 20 years, evidence of how much global trade patterns have shifted.
Wait… so Trump’s tariffs WORKED!? Heavy-handed though they may have been in the application, Biden has continued them so they seem to have the blessing of the current administration. Wow… historians are going to have a hard time trying to separate stuff that was “good” (even a stopped watch is right twice a day) from the prior administration vs. all the rest.
China’s pandemic policies are what made US companies reconsider where labor had been outsourced. That work is now moving to India, Malaysia, Vietnam, Mexico. Many were pissed China demanded halts to production. The capitalists want their product made when they want it. Going forward, that will not as often be out of China.
They did work, to a point, but were also pretty hurtful to US economy. The company I worked for, which shall not be named, decided to move a sizable chunk of product manufacturing to Malaysia, and is (was?) considering Mexico as well, all because of the tariffs. This caused the stock to tank, and money was lost, but then, it proved pretty handy when covid hit.
I don’t like Trump, and I didn’t like the way tariffs were implemented, but I strongly agree the US needs to be less dependent on China. Tariff did the job somewhat, so I guess it wasn’t a completely wrong decision.
Wait… so Trump’s tariffs WORKED!? Heavy-handed though they may have been in the application, Biden has continued them so they seem to have the blessing of the current administration. Wow… historians are going to have a hard time trying to separate stuff that was “good” (even a stopped watch is right twice a day) from the prior administration vs. all the rest.
It’s great for Mexico though.
China’s pandemic policies are what made US companies reconsider where labor had been outsourced. That work is now moving to India, Malaysia, Vietnam, Mexico. Many were pissed China demanded halts to production. The capitalists want their product made when they want it. Going forward, that will not as often be out of China.
They did work, to a point, but were also pretty hurtful to US economy. The company I worked for, which shall not be named, decided to move a sizable chunk of product manufacturing to Malaysia, and is (was?) considering Mexico as well, all because of the tariffs. This caused the stock to tank, and money was lost, but then, it proved pretty handy when covid hit.
I don’t like Trump, and I didn’t like the way tariffs were implemented, but I strongly agree the US needs to be less dependent on China. Tariff did the job somewhat, so I guess it wasn’t a completely wrong decision.
… Tariffs DISCOURAGE foreign trade. So no, this worked IN SPITE of Trumps’ retarded tarrifs.
The tarrifs were (and are) applied to China. Mexico, a signatory to USMCA, does not experience them.