A tariff is a tax levied on the import and exports of goods in international trade. The U.S. currently trades over $590 billion in goods with China every year. In 2015 China exported $466 billion worth of goods to the U.S. and imported $123 billion worth of U.S. goods. The 2015 China - U.S. trade imbalance of 344% is a new world record. During the 2016 Presidential race Donald Trump proposed levying a 45% tariff on China and any other U.S. trade partner which violates trade deals through currency manipulation and illegal export subsidies. Proponents of tariffs argue that China breaks trade rules by subsidizing its exports, manipulating its currency and stealing intellectual property from the U.S. and other western countries. Opponents argue that tariffs will cause a dramatic rise in the cost of goods for U.S. consumers and cause an unnecessary conflict with
Yes, but I think we should end our reliance on China once and for all. We should bring back jobs and factories to America and start making medicine, vehicles, and all our products in America again. The USA should dominate the world economically.
It's capitalism's fault that private companies move all the jobs and factories overseas for cheaper labor to maximize their own profits. If you want our economy to grow here, then we need worker ownership, since no worker would decide to move their own job overseas...but private owners will always do what's cheaper.
No, this would probably create more turmoil between the two countries. We should definitely find ways to reduce our reliance on China, and as well try and fix the issues of horrible working conditions and pay in China.
No. Personally, though I am and continue to be deeply saddened by the government’s human rights abuses and the move of many manufacturers to China, I feel there are better ways to fix the problem and am not a fan of tariffs generally.
No, this would result in an extreme rise in the cost of goods for U.S. consumers and would ignite an unneeded trade and tariff conflict. Domestic production should be encouraged and established whenever possible
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