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Trump's China Tariffs Claim Another Victim: A South Carolina TV Manufacturing Plant:
The tariffs imposed by President Trump have claimed more jobs, this time at a consumer-electronics manufacturing plant in South Carolina.
Element Electronics blamed tariffs on Chinese imports for its decision to shut down its manufacturing facilities in Winnsboro, SC, a town located about 30 miles north of the state's capital. The plant, which makes Element TVs, will maintain a skeleton crew of eight workers, as it hopes the shutdown will be temporary."
The news is especially hard for Winnsboro and its surrounding communities because of recent job losses in the area, including the shuttering of a Walmart store, the closing of a textile mill, and the cancellation of plans to construct two nuclear reactors.
Element notified the state's Department of Employment about its plans, according to Columbia-based The State newspaper, which first reported on the plant's closing. In its notification, Element stated, "The layoff and closure is a result of the new tariffs that were recently and unexpectedly imposed on many goods imported from China, including the key television components used in our assembly operations in Winnsboro."
(Score: 4, Insightful) by lentilla on Thursday August 09 2018, @06:04AM
Then you need import tariffs. Sorry. Unfortunately you have to force the great unwashed (the 80% who live paycheck-to-paycheck) to buy American, and the only way to do this is cost parity.
The unwanted effect will be that the price of everyday luxuries will rise dramatically (electronics particularly). This will disproportionately hurt the non-rich. The medium-term benefit is that the non-rich will be paid better and will be able to afford the higher sticker prices - this should take effect within a few years. The long-term benefit (couple of decades) is that the country will be far less beholden to foreign powers - and the citizens can have something to be proud about.
I really don't believe you can sell "buy American" without approximate price parity - unless you start a war to scare the population into eschewing foreign-made goods.