That’s the way I see it. Manufacturers are getting killed with all this uncertainty. I was against these from the beginning…..it has gotten so out of hand and it’s not helping manufacturers it’s actually (now) destroying them in the USA.
You guys do not see how fundamentally Trump is restructuring the American economy and the world trading system.
There is an Everest-sized mountain of investments coming to the United States — at the very moment that a new industrial revolution is arriving, which will reshore most of the manufacturing that the USA sent overseas over the last 50 years.
One of the first things that will happen will be that the federal deficit will go away. Newt Gingrich is credited with balancing the federal budget for 4 years in the 1990’s. But all he really did was restrain federal spending while a mountain of receipts poured into federal coffers from the booming stock market caused by the .com revolution of 1995-2000.
The coming stock market boom is going to dwarf that boom of 1995-2000. And because of the industrial revolution in advanced robotic factories and their digital twins—the boom won’t just end n 2030. There will be a sell off—but only briefly as the tech revolution broadens out into manufacturing.
I’m in manufacturing (and have been for years) and these tariffs are about as helpful as Democrat soft-on-crime policies in the blue cities.
The DEI and BLM nonsense was window dressing (workers on the line thought it was a big joke). But these tariffs and foreign reaction to them? Bad news. Input costs substantially up, sales both domestic and international down, capital expenditures frozen, employees that leave not replaced or replaced by temp workers who can easily be gotten rid of at a moments notice. Those of us left have to make do with doing more work in less time. That 50 cents cost of living increase does nothing to cover the inflation at the store.
If Americans wanted a central planned economy and soviet 5-year plans, we would have voted for Bernie.
There might be another reason for wanting to force ALL production back to the USA. I can see why bringing back high tech industries makes perfect sense. But do we need to protect industries that haven’t existed here since 1945?
But why bring back production of things that are unprofitable in the USA and that have multiple sources from multiple allies? America only has so many workers. Is he planning on raising the retirement age to 90 and bringing back child labor? Maybe force real estate agents and grocery clerks into the coal mines? That might work in Soviet Russia or Nazi German. Not here.
The way I see it, it only makes sense if he plans on DEFAULTING ON THE DEBT. If our money and our credit is worthless, even allies will want to be paid in tangible goods (minerals, gold, durable goods). Which means that autarky will be necessary.
The good thing is that we would no longer have an illegal alien problem. The US government would also be made whole. The bad thing is that it will be done on the backs of the the American people and our standard of living will collapse.