this post was submitted on 05 Mar 2025
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He means he'll drop tariffs in companies start building here. Problem is, factory owners aren't stupid enough to invest in a factory that will become obsolete when these idiot tariffs are dropped.
Even if I had absolute confidence that the tariffs weren't going to get dropped there would still be no point moving a factory to the US because you would still end up paying the tariffs to get imports of components from China. Because you are definitely getting your components from China.
That's why tariffs have to be used with tact and they only target very precise items. If you want to increase the number of televisions produced in the United States you only have a tariff on completed televisions, not on displays, and not on microcontrollers. The Trump tariffs are on everything though.
Tariffs do not work.
Even if you just target one item, like this moron did with washing machines 8 years ago, what happened?
Imported washing machines went up 25% in price.
Domestically produces machines went up 25%, because why wouldn't they gauge more money??
Tariffs only hurt the consumer.