Big Tech wins again.
“Big Tech wins again.”
I proposed tariff discounts on electronic stuff on this site back in 2016 after Trump was first elected and before he took office.
These discounts were based on good value pricing and not on all pricing. A good value item might be 80% tariff exempt, a premium priced item ($1500 cellphone) might only be 4% tariff exempt.
The whole idea of deindustrialization is driven by the dwindling number of good pay and benefits jobs for unskilled barely literate/numerate workers. The US is still setting manufacturing output records. But with fewer and fewer workers just like farming jobs. Automation and advanced manufacturing techniques coupled with massive capital investment keeps dwindling the number of manual laborers. The industry jobs of yore are never ever coming back no matter how many factories are re-shored.
Tariffs will not help our manufacturing base. There are far more jobs in steel fabrication then steel making which means cheap steel yield more jobs in fabricating. Raise steel prices preserves a few jobs in steel making but cost far jobs in fabricating.