A big fat tariff will bring back ALL industry to the USA.
The U.S. simply isn’t the dominant market it used to be for industries that use semiconductors and other advanced technology. Joe Biden is a perfect national representative of a fading, decrepit, broken-down country.
Micron is getting one mother of a taxpayer funded bribe to build on in Syracuse, NY.
3 bil.
Makes too much sense, it will never happen.
Perhaps, but only if America is deregulated to allow for extraction and manufacturing.
“A big fat tariff will bring back ALL industry to the USA.”
In 1865 the US economy was devastated from 4 years of Civil War. Thirty five years later, in 1900 the United States had the largest industrial economy on the planet. During that 35 year period the United States imposed the highest tariffs in its history.
From 1940-1945 US industry supplied the allied powers with the guns, tanks, ships and aircraft to fight a global war.
In 2023, after 30 years of low tariffs, and one sided globalist trade policies, the United States industrial base has be decimated. We do not have a textile and apparel industry to clothe our people. Most consumer goods are produced overseas. The semiconductor (chip) industry we created has gone overseas. Most industrial supply chains have left the United States over the past 30 year. Only 30 years to decimate an industrial infrastructure that took 130 years to build.
Rebuilding the US manufacturing economy will take high tariffs. It will also take investment, a hands off policy by the rapacious federal government, and a commitment to shifting the education system from creating social justice warriors to teaching skills required to succeed in an advanced industrial economy, and reinstalling the work ethic as a primary cultural value.
Sadly, I see no political will or desire in either party to make the sacrifices and changes required to make the American economy great and independent again. As to the American people, can they set aside their cell phones, televisions and video games in order to do the hard work of rebuilding the economy?
trump put on some tariffs....biden took them off
Why tax Americans for things they want and need?
If Americans wanted tariffs on chips, there would be tariffs.
By the way, the goat tariff is $0.68 per live goat imported into the country
“A big fat tariff will bring back ALL industry to the USA.”
A problem with any simplistic solution is the incredible complexity of the real economy. For example, the contents of a TV have crossed borders hundreds of times. Raw materials mined in Africa, Brazil or a dozen other places are shipped for initial processing to other countries. Then, depending on the material, they may go to many other countries for continued processing. The reason globalization worked is because each country would specialize in something and drive down the price of that good. If everything had to be done in one place it would require building up the infrastructure that already exists in hundreds of places.
The US is already in the process of nearshoring, friend shoring and relocating back to the US dozens of steps in the manufacturing of goods. Ironically, this is the result of trying to seize control using the Covid restrictions without, apparently, having any goals or plans in place with what to do with that control once they had it. The globalists destroyed globalization with one ill-considered policy.
The US, for a variety of reasons, is no longer capable of many things it could have done in, say, 1939. The money to build out the industrial capacity no longer exists. It was blown on the socialist equivalent of cotton candy. The population and the will to do the literally millions of jobs required to turn raw materials into pre-products simply isn’t here.
There are lots of things the country could do to make things better for Americans without hurting our trading partners. Unfortunately, we have, apparently, idiots running things. A friend’s boy was working construction in Florida. On the day DeSantis’ bill forcing contractors to hire only citizens he arrived on his construction site to the sound of silence. Of the 60 framers only three were on site. A week later the jobs were filled and he only heard English.
“A big fat tariff will bring back ALL industry to the USA.”
ONLY if the impediments to building stuff in the US are dealt with...that being unions, excessive regulations, and courts sticking their noses in everything.
Otherwise, we’ll just keep importing, and the only difference is that our government will be collecting more taxes. So...I’m not optimistic that ANYONE in DC is serious about bringing back production.