If the goal is to bring manufacturing back to the US. Why would Trump negotiate with anyone?
Also, Trump admin has claimed that tariff revenue is key to reducing the deficit. Some saying the grand plan is to completely (or mostly) replace income tax. Again if that is the goal why would they negotiate?
Not the only reason. And it’s not why the tariffs are now in place.
And to open a sock plant in Wisconsin could take years, even if started today. Why not start today, and be ready for the next international issue before it happens?
Maybe you learned nothing from the shortages during the covid pandemic.
What’s your take on that? I’ve heard they are to bring back US manufacturing, or to be a tool to negotiate better deals. Or both.
But it can’t really be both. If we get better deals and we return to a pre-aril global market, there is no incentive to bring these plants back to the US.
This is a question that many people have been asking.
How can you expect this to happen fast? What happens in the interim.
But of course there is another point - why would a corporation WANT to build cheap goods in the US, when we are already the second largest manufacturer int eh world specializing in high margin, complex products?
If you had an extra 2B, would you want to build a sock plant in the US, or would you want to build a fighter jet factory?
It’s not possible for us to make everything we consume. There are limits to investment capital, labor, and our labor/environmental costs make many products not feasible.
Think a bit about what you’ve posted. First, the US economy is the strongest in the world. And those “other countries” who think trading with the US is a hassle? They need to trade, their economies would flop if they didn’t. The ones that might choose to trade with say Russia or China? They’ll get their arses handed to them. Example: Vietnam. The PRV a communist government BTW, offered the US a 0% tariff deal if the US reciprocated. Now go look at Nike stock. Guess where Nike, especially shoes, and other sports shoes are made?
Give this global economic reset a couple of months. Remember, the globalists are the ones wetting themselves. They’ve been exposed as opportunistic thieves and somebody has basically said “that’s enough”.
And if this new economic utopia does not come to pass in a few months will you blame Trump of will it somehow be the fault of the “globalists”.
Reality check - Suppliy chains, manufacturing etc has never been more complicated and inter-dependent on global trade than it is today. Do you really think Trumps tariffs are just going to remake this and bring manufacturing back to the US?
Economic trade around the world occurred centuries before the US was even on the scene, and I’m sure it will go on long after we are no longer here. One of the worst things you can do as a trading partner - whether it be at a company or national level - is to assume you are irreplaceable and that your consumer base “owes” you the business. Consumers will resent you and find ways to work around you.
I’ve driven on the streets in Tokyo. American cars don’t fit very well.
My daughter was station in Germany, bought a Ford while there, it didn’t fit well either do to street size, steering on the wrong side, and hard to find parking. (But she was one year from transfer and the AF would ship it back.)
If you understand the culture of these countries you will see there is no big demand for trucks in those countries like there is in the US. Of course you see them in those countries as well as the UK but those countries prefer smaller more compact cars.
In the UK Ford has discontinued their smaller popular cars such as
the Ford Fiesta and Ford Focus which led to a decline in the sales of Ford. Go figure.