Making foreign products more expensive for Americans hurts Americans. Seems counterintuitive. MAGA math
A lot of his economics is daft.
They would have had tarriffs before but they all made it seem like it was a magical thing that no one knew about. They though they will have high tarrifs and no taxes. That is a lot to achieve in a couple of years. Also daft as the next government is likely to reverse it all as it likely wouldn't be sustainable. Also dropping the tarriffs would improve relations with other countries. Also better deals for American companies.
The belief that everything will manufactured in America is a fantasy.
A hobby I have the owner of one of the companies went over why it wouldn't work. Yes it is one specific industry but when the intellectual property for the manufacturing has been lost it would take years to build the facilities, train staff etc. Then there is the costs involved.
He designs his products and it is manufactured in China. It is packaged and shipped back for him to sell.
His company is bascially just the sales side. If he brought it inhouse he also becomes a manufactuing/production company which he doesn't want. Plus that is a huge cost to his small company.
To have it like China where multiple companies could be customers of a production company would need a new company created. Again the equipment and skills would be needed. It isn't gauranteed that other companies would take the risk in moving to them. Then there is the risk of starting a new business under changing political conditions.
I've seen Americans post asking about how they pay the tarriff.
As someone overseas who already gets stung by overseas shipping it means a further hit to the wallet or not purchasing something as companies keep lifting prices. Even had emails from companies complaining about the unstable conditions.
