Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Harley-Davidson moving jobs out of US over Trump's tariffs" video.
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Tom Neave, we live in a global economy. American companies have to sell things overseas. Trump and his ignorant followers believe they can bring back jobs by imposing tariffs. They are sadly mistaken. All large companies and corporations depend on international trade, and partially outsourcing was a strategy for these companies to remain competitive and survive.
The corporations and companies don't have to produce stuff in America. They can move their production to Vietnam, India, Indonesia, Thailand, Mexico, Brazil, Madagascar, Nepal, Sri Lanka, etc. Those countries will not be affected by tariffs while the cost of labor is very low as well. Trump doesn't seem to understand economics. A lot of his retarded supporters believe he is rich, because he is a good businessman. That is simply is not true, he is a bad businessman, and his history of bankruptcies prove that.
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miragexl007, there won't be big payoffs, it will only lead to a acceleration of jobs being outsourced out of the United States. If you believe a company like Apple can move all the production back to the USA where the cost of labor is 20 to 40 times more than other developing countries and be able to export their goods, you are an idiot. If you produce a Iphone here, it would cost anywhere from $2000 to $3000 or more. Very few people could afford it, and at those prices you won't be able to export it and sell it. In addition to the high cost of production, Apple would have to pay tariffs which would increase the cost even more.
This outsourcing stuff and increasing automation of manufacturing plants was going to happen sooner or later. It will just happen faster pace now. At the same time, the foreigners who bought real estate, stocks, and treasury bonds will move their money out of the country. The stock market will crash, real estate prices will go down, and the people who relied on those investments for their pensions and 401ks will be left out high and dry. Those 401ks and pensions will suddenly give you checks which are less than what you were receiving. Those old folks will get affected.
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