Originally Posted by charged
I don't see how my post applies, as both reels were produced in china. The US needs to put laws in place that protect internal manufacturing. Obviously what ever laws they have currently in place are not working. We need higher taxes placed on imported goods to encourage manufacturing. Right now big corporations do not have the incentives needed to stay domestic.
I for one do not want that. Increasing taxes (tariffs) on imports will raise the welfare of domestic producers, but will also increase the cost of domestic products and decrease the welfare of domestic consumers.