Report this comment to a moderator

Firms go into battle for free trade

"Firms go into battle for free trade" Goof_chewey, "cheaper imports" does not just mean DVD players - cheaper imports start at the bottom of the manufacturing chain within a country, and reduce prices across the spectrum of consumer goods of all types. The knock-on effects of cheaper imports, goods produced made where they can be made most cheaply, has a massive knock-on effect throughout the economy. That's not to say that much of the cost saving isn't absorbed along the supply chain, but the lower the cost of your imported staples, the less money you are sending out of the country. Jobs are all well and good, but you must not underestimate savings made by importing goods rather than making them in the US.

19-Jun-2008

5:15 pm