Community News
America: Business as usual is no more
BY STEVEN KASZAB
American industry is betting on an election result that will assure them of success no matter who wins. Both Democrats and Republicans are stressing a return to the ever present, but recent historically responsive “Made in America” policy swing. Donald Trump’s Republicans promise “Very, very. very high” tariffs upon all items that could be made domestically, but have been imported from abroad, particularly if they are made in India, or China. Unfortunately, these tariffs will also fall upon products made by: Canada, the EU and other nations. A competition of sorts is going on right now as the election nears its conclusion for preferred supplier status, causing the ethics committee in Washington to advise the FBI to keep its eyes out for undue pressure to come from these importers directed at government members of Congress, senate, the House and even the government bureaucracy.
This prevailing attitude has jump-started many industries towards profitability and growth. The residential RTA Industry (ready to assemble furniture) is booming. This sector is expected to generate over $30 billion by 2030, with the present-day market at a $15 billion dollar level. The analysis group HTF Marketing Intelligence’s report shows all levels of this industry will flourish this coming decade. The sector is divided into sectors such as: bedroom, home office and office furniture, kitchen and dining room applications. The sector will be expected to increase by an annual level of 9-10%. This is just one of many sectors hoping for a change to American domestic-foreign economic policy.
A direct challenge has been forwarded to America’s foreign financial and Industrial competitors depending upon who walks into the Oval Office come November 5th-7th. When it is all counted, we will know for sure whether America goes into lockdown isolation, or the government extends a handshake to its friends and allies.
Canada, Taiwan and the EU will be holding their breath in anticipation.
What we can know is that traditional alliances and policies have changed, evolving towards the present-day situation domestically as well as internationally.