Quote Originally Posted by nynco View Post
I agree with everything you said Rucker except that part. I think that if we returned to the CONSTITUTIONALLY MANDATED power of congress to regulate impost and excise taxes (meaning a tariff system) that we would see manufacturing return. "Free"trade is destroying our nation by causing all manufacturing to go to over seas. God help us if we go to war. We can't manufacture enough to win. This "Free"trade stuff is weaking this nations ability to provide for itself and will be our undoing unless we go back to what the Constitution said is supposed to happen.
Most economic studies I'm familiar with show that raising tariffs to protect a non-competitive domestic economy adversely impact the previous export and the economy that imposes those tariffs. I think you also presume that the increase in cost of consumer goods won't have much impact on demand. Americans are used to and demand extremely low prices on consumer goods. Jumping retail prices by 2x or more would hurt the economy, not help it.

Those US companies would also be limited to the US market for their goods, as they could not compete world-wide. No major manufacture wants to let someone else have the BRIC customers.

Lastly, those trade restrictions would likely draw retaliation. Does Boeing want to give up sales to China and India?