The US will place a
10% Tariff on an additional $300 billion in annual China Imports on 9/1/19.
This would generate an additional annual $30 billion to the US Treasury.
The US already placed
a 25% Tariff on $250 billion in China imports that took effect on 5/10/19. This
would generate an additional annual $62.5 billion to the US Treasury
This will accelerate
the movement of manufacturing jobs from China back to the US at a pace we will
be able to handle. It takes a while for
a company to move and this tariff action will result in a steady flow of
manufacturing jobs into 2020 and beyond.
The US may increase
the tariffs up to 25% on this list of $300 billion based on our ability to
handle the influx of jobs. This would generate $75 billion to the US Treasury.
Tariff revenue is
intended to decline with each manufacturing facility that returns to the US.
But the quickest way to restore the US economy is to keep the tariffs.
US companies need to
move their manufacturing operations back to the US for goods sold in the US.
These Tariffs should remain in place until the US trade deficit is reduced and
the US economy is restored.
We will need a
merit-based Immigration policy to accommodate job openings. We need to ensure
that future H1b visas go to top US engineering school graduates sponsored
directly by US-based employers. These H1b hires should be limited and not
include foreign temps. We will need to severely limit all other work visas to
make room for US citizens for jobs in manufacturing, construction and skilled
trades. Retail jobs should be filled by US teenagers to ensure that they learn
basic job skills and self-support.
We need to end illegal
immigration and all legal immigration programs not based on merit. This
includes anchor-babies, visa lottery, refugee programs, chain migration,
immigrant temps and immigrant work permits. We need to increase deportations
and end federal subsidies for immigrants.
Manufacturing plants
should be located in rural cities and counties to restore rural economies.
Seasonal agricultural work should be available to US citizen teenagers in rural
counties.
The US Labor Force
Participation rate rose to 63.0 in July 2019 and US Unemployment is 3.7%. We
need 9 million more private sector manufacturing jobs to restore the US
economy.
Norb Leahy, Dunwoody
GA Tea Party Leader
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