Posted on 07/08/2022 5:41:32 AM PDT by SoConPubbie
Former President Donald Trump’s billions of dollars worth of tariffs on China-made products have successfully helped spur a manufacturing boom across the United States, business executives and their recent investments reveal.
While President Joe Biden considers cutting U.S. tariffs on China — first imposed by Trump — new data and reports from manufacturing executives published in Bloomberg show the tariffs have helped bring a resurgence of manufacturing back to American communities, as they were intended to do.
Bloomberg reports:
For some companies, the first nudge they got to revamp their supply-chain lines came two years before Covid, when then-President Donald Trump began slapping tariffs on Chinese products again and again. [Emphasis added]
Generac Holdings, a maker of power generators, started mapping out plans to shift some production from China, and when the pandemic hit, those plans got supercharged. The company now gets more of its parts from suppliers in the US and Mexico, produces more generators near its headquarters outside Milwaukee and runs a brand new plant in a small town just north of Augusta, Georgia. [Emphasis added]
The construction of new manufacturing plants across the U.S. has skyrocketed nearly 120 percent over the last year. The projects include new chip plants in Phoenix, Arizona, along with aluminum and steel plants going up in Alabama, Arkansas, and Kentucky.
Likewise, near Buffalo, New York, an air compressor plant has ramped up massively thanks to the need for semiconductors and steel.
One executive told Bloomberg that gripes about expenses related to reshoring to the U.S. are exaggerated. The executive said reshoring to the U.S. has proven immensely useful when supply chains are backed up and shipping costs have soared.
(Excerpt) Read more at breitbart.com ...
No wonder the D.C. lizard people are so hot and heavy to try to prevent him from running in 2024. They are utterly corrupt and owned by xi.
duh. That’s how it works.
Tariffs are Patriot candy.
Thanks for posting. You will be surprised how little most Freepers care in maintaining the USA’s industrial base or doing anything to protect it. The just do not give a sh!t or believe in economic free traitor myths.
I’d tariff all PRC goods at 25% . . . only some are that high now.
I can tell you from the front lines that under Trump, “reshoring” was growing rapidly. Companies were looking for domestic manufacturing of good previously made in China and elsewhere.
After Covid, this continued, especially with this year’s shutdown of Shanghai. The shipping issues made matters worse.
Biden reducing tariffs on China will slow this reshoring down as shipping prices have dropped and China has learned it cannot shut down again.
Biden won’t have any of that business he will end it anything to make the Marxists happy.
Yep. Increase the tariffs from 10% to 20% AND require domestic production for government purchases for pharmaceuticals, PPE, defense components, etc.
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