The Trump administration’s tariff scheme appears less and less likely to bring manufacturing jobs back to U.S. shores.
Businesses across the country are crunching the numbers and realizing that, despite Donald Trump’s insistence, they can’t balance out his tariff hikes across the supply chain.
“Some manufacturers who had plans to open factories in the country say the new duties are only adding to the significant obstacles they already faced,” Bloomberg reported Friday.
That’s because the supply chain to produce those goods in the United States simply isn’t there, requiring companies to import raw materials and factory equipment—which Trump’s tariffs have made unaffordable—from abroad.
Right, this is why an intelligent leader might use tariffs to bring back manufacturing, in a very targeted way and matched with incentives to help build what is missing.
This is someone who heard that you could use a hammer in conjunction with nails to build a house so starts swinging mjolnir in every direction
Assuming rebuilding manufacturing is the intended goal, how feasible is it to start at the local level, as if in a preindustrial society? That means towns would be going back to having their own smiths, bakers, butchers, like in preindustrial times? Guess that’s a consequence of deindustrializing—go back to making handmade stuff since the local businesses that once mass-produced closed long ago.
Tariffs aren’t designed to bring manufacturing back. It’s designed to crush the US economy for Daddy Putin. It’s designed to starve out the plebs. It’s designed to bankrupt companies to be bought by the billionaire class for pennies on the dollar.
Leave Russia out of it. It’s your own rigged election system and lack of real competition that led to this
The math is such that I expect to see companies that make things in the us leave. Makes more sense to build in the UK and add the 10% tarriff for your thing made of chinese parts than absorb the XX% chinese tarriffs and have to raise the price even more in the us. If the product is sold abroad at all its a slam dunk to move out.
You mean that this plan was not fully thought out and is just another reactionary policy that will do more harm than good? Shocking!
