6 years ago
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The Limits of 'Made in America' Economics
The White House has branded this, the 29th week of the year, “Made in America” week. As part of the week, administration officials are promoting American products and outlining a strategy to roll back the North American Free Trade Agreement, arguing that their policies will boost wages for the middle class and create jobs in manufacturing communities. “We’re going to end up having a level playing field,” Trump said this week. “I don’t want to say anything more than level, but if the playing field were slanted a little more toward us, I would accept that also, okay?”
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The only way to force prices for made in America goods to be the same or similar to made in China goods is to bring back trade tariff's and we all know that's unlikely in this "free trade" bonanza world. Americans can barely afford to live (see over 50% live paycheck to paycheck) let alone pay more for Made in America. Sony used to be a big name brand in electronics, you would pay more for their name because the quality at least at the time was miles better, today Sony is having a hard time because an American would rather buy four Hisense TV sets for the same price as one Sony set.