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by RecycledEle
473 days ago
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> Let’s assume tariffs are used as a means to bring manufacturing to the US. By that definition the administration has no idea what level of tariffs will make this happen. Setting up manufacturing in the US for any item is not cheap - we don’t have the know how, labor to do it to begin with. On top of that the cost of manufacturing is many fold compared to china, India, Bangladesh or Taiwan. So 25% or 10% is still not in anyway going to force manufacture to come back. I don't think there will be many startups reinventing products from scratch and building factories in the US. I think multi-nationals will move a small factory to the US to avoid tarrifs. That makes the US more resilient when some idiot leads us into another war. 25% is plenty to give a US location a comparative advanatage. |
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