I note that Ford have effectively told Trump to get lost after he attempted to bully the company into reversing it's decision to transfer some.
car production to Mexico.
I'm afraid Trump continues to demonstrate a startling ignorance as to how macro economics work. For instance, an iPhone, manufactured in China, retails for $765 dollars in the U.S., however, if it were made in America the price would increase to around $1,200. Even if American's were to pay these higher prices, i e. out of a sense of patriotism, the economy would be badly effected as inflation spiralled. In any event, most of the wholesale cost of an i phone goes to Apple, an American company, as the patent holder, something else Trump apparently fails to realize.
In any event, Trump has little chance of getting his way on protectionism. In fact, the majority leader in the House has already stated that he won't support him on this issue http://ijr.com/2016/12/749546-mccarthy-trump-trade-war/
More likely is that he will end up as a lame duck president, left wailing in the White House, like a child deprived of a new toy!
car production to Mexico.
I'm afraid Trump continues to demonstrate a startling ignorance as to how macro economics work. For instance, an iPhone, manufactured in China, retails for $765 dollars in the U.S., however, if it were made in America the price would increase to around $1,200. Even if American's were to pay these higher prices, i e. out of a sense of patriotism, the economy would be badly effected as inflation spiralled. In any event, most of the wholesale cost of an i phone goes to Apple, an American company, as the patent holder, something else Trump apparently fails to realize.
In any event, Trump has little chance of getting his way on protectionism. In fact, the majority leader in the House has already stated that he won't support him on this issue http://ijr.com/2016/12/749546-mccarthy-trump-trade-war/
More likely is that he will end up as a lame duck president, left wailing in the White House, like a child deprived of a new toy!
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