My point is the living wage is much different outside America. A meal in Vietnam can be bought for under .50 cents US.
A equally cheap meal in the US is easily 6 times that.
Cost of living varies.
Nobody really wins a trade war. Tariffs are a negotiating tool and for far to long, we have not been negotiating. China has a long term goal and they need our money to accomplish it. They will come back to the table, they need us more then we need them, we can wait.
Like most of you, I shop at "big ticket" locations, like the mall, when I need something. In truth, I haven't noticed any rise in pricing. In fact, at East Towne Mall the biggest signs you will see are the ones marked "SALE."
Yes, I know that American workers make more money than the Chinese. So what? In fact, like most businesses, they will compete in pricing with other American firms.
And as for all of the "billions of dollars going to foreign concerns," now most of that money can be invested here on updating factories and paying bonuses.
I believe that a Craftsman 1/2 by 9/16s wrench goes for about eight bucks. So after China, that could go to 8.50 or 9 dollars. I think I have purchased three or four of this size in +20 years. Yikes, this American product costs me about 35 cents per year! Oh, the commercialism!
Americans can not compete when they have to pay their employees a wage of at least minumum wage and material cost more
even worse is when china (as a government) gives money to a business (think aluminum) in order to allow them to beat American's price
short term tariffs might hurt some USA buniesses but long term they will help us get people back to work and manufacturing gong again.. as workers work they can afford to spend more on American products