U.S. President Donald Trump has boasted 'jobs and factories will come roaring back' as he unleashed unprecedented tariffs around the world during his 'Liberation Day' address.
The figure I’ve seen was $20,000. The US could do it (they’ve built spacecraft and military hardware domestically without access to Chinese supply chains), though not at the level of efficiency to sell them close to current prices.
Then again, the great offshoring of manufacturing has been one of the factors keeping inflation down, or rather allowing the slice of the cost of living taken up by real estate to keep rising (to the satisfaction of investors) without pushing the population into misery. Before Chinese manufacturing at vast scales, electronic devices cost a lot more in real terms (look at ads in 1980s computer magazines for examples; in the early 80s, you might well have spent $600 on an 8-bit computer that plugs into a television and saves data on cassette)
The figure I’ve seen was $20,000. The US could do it (they’ve built spacecraft and military hardware domestically without access to Chinese supply chains), though not at the level of efficiency to sell them close to current prices.
Then again, the great offshoring of manufacturing has been one of the factors keeping inflation down, or rather allowing the slice of the cost of living taken up by real estate to keep rising (to the satisfaction of investors) without pushing the population into misery. Before Chinese manufacturing at vast scales, electronic devices cost a lot more in real terms (look at ads in 1980s computer magazines for examples; in the early 80s, you might well have spent $600 on an 8-bit computer that plugs into a television and saves data on cassette)