I've answered so much of this already but you haven't responded to the points I've made or answered my questions.
Why shouldn't we compete not just for sneakers but any job? That industry seems to make money. Is that type of work some how beneath us?
It's about focusing resources on what they're best at and leveraging those advantages, rather than subsidizing disadvantages. With our labor rates, cost of land, and other inputs that go into manufacturing, we simply are not competitive in the sneaker (and many other) marketplace. This has been addressed.
How much for a mobile phone?So you're content on kissing that industry goodbye. You don't think with the technology we have we can figure out a way to make them cheaper? Sure we can but we have to give US companies the incentives to start a company. You can't just keep farming out industry no matter what you think of them. We can't compete with China on phones yet but we could if our companies were given the chance. Tariff the phones and use that money to invest in US companies.
No different than sneakers and t-shirts. Our resources need to be focused on invention and innovation. Our costs of production will never allow us to be competitive as electronic manufacturers. Why did we just this week exclude mobile phones and computers from tariffs? For the obvious reason that pretty much the entire market already understood.
We can't be the premier superpower for the good of this world if we become too dependent on the world for needed an important necessities. We need to make our own steel, ships, cars, tires, drugs and a host of other needed items.
We don't and decades upon decades of global trade have proven that. Once again, we are a prosperous nation because we have access to affordable goods, rather than having to produce them ourselves for meager wages. You want to go backward, to a time when the US employed very low-wage laborers and the quality of life was nothing even close to what it is now.
You ignored this question before but let me try again... What's going to happen to the price of coffee when tariffs are imposed on those coffee producing countries (Hint: If you're an avid coffee drinker, you're probably already seeing it).
With the right investment we should be able to make phones at the same cost as the Chinese and then the consumer gets to choose foreign or domestic. Hell one side may even lower the price to get more market share and the consumer will benefit.
No. It's not about investments. Our input costs far exceed the input costs of the Chinese. On top of all that, we have a very low unemployment rate and it's quite delusional to think that we can come up with anywhere near the capacity of labor that's required to do it. People are trying to explain this to Trump but he doesn't care.
And, again, Navarro is a renowned socialist economist. The fact that Republicans are somehow falling for that line of thinking now just blows my mind. If Biden had brought Navarro into his administration The Right would have absolutely lost their minds over it! And rightfully so, for all the reasons above.
As for your economists I have read some of their work as well as others. They for the most part operate in an ideal environment but that's not the world we live in is it? Cheaters like to cheat because it makes money
If you really read and understood them you'd know that they were describing the world we live in and were outlining trade and free market strategies to thrive in it.
“The reason so many people misunderstand so many issues is not that these issues are so complex, but that people do not want a factual or analytical explanation that leaves them emotionally unsatisfied. They want villains to hate and heroes to cheer - and they don't want explanations that fail to give them that.”
― Thomas Sowell
