Ironically, thats the exact idea behind the whole trade war thing. It has lead to TSMC already accelerating their plans to expand the Arizona microchip fabrication lab, which means… Factory jobs, the thing we used to have in the 70’s.
US economic output is more than adequate to achieve this already, but we choose instead to concentrate the benefits in the hands of a few.
Regarding tarrifs bringing back manufacturing:
https://www.kcl.ac.uk/trumps-tariffs-what-is-behind-them-and-will-they-work
“but this is very unlikely to work. Manufacturing has changed, with production now spread across multiple countries in so-called ‘global value chains’. Moving whole supply chains back to the US is going to be prohibitively expensive, result in rising consumer prices and make US-produced goods internationally uncompetitive. The model of manufacturing that underpins Trump’s approach simply hasn’t existed for the best part of 40 years, and is not coming back.”
Ironically, thats the exact idea behind the whole trade war thing. It has lead to TSMC already accelerating their plans to expand the Arizona microchip fabrication lab, which means… Factory jobs, the thing we used to have in the 70’s.
US economic output is more than adequate to achieve this already, but we choose instead to concentrate the benefits in the hands of a few.
Regarding tarrifs bringing back manufacturing: https://www.kcl.ac.uk/trumps-tariffs-what-is-behind-them-and-will-they-work “but this is very unlikely to work. Manufacturing has changed, with production now spread across multiple countries in so-called ‘global value chains’. Moving whole supply chains back to the US is going to be prohibitively expensive, result in rising consumer prices and make US-produced goods internationally uncompetitive. The model of manufacturing that underpins Trump’s approach simply hasn’t existed for the best part of 40 years, and is not coming back.”
That’s not going to solve anything because it’s going to make products more expensive, which is the ‘exact idea.’
Enrich American oligarchs instead of those abroad that might be giving us a better deal.