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35% tax on goods made by US industries made overseas?

Texas2Big

STFU Donny!
Gold Member
Oct 8, 2005
22,114
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Austin
This is President Elect's Trumps plan to keep industries from exporting jobs overseas. He feels that if such a tax was imposed companies would choose not move their manufacturing overseas to take advantage of cheaper labor. I am not sure how this is supposed to work. How can American manufacturers compete with international cooperations that can take advantage of lower wages? What am I missing?
 
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