The Trump administration’s tariff scheme appears less and less likely to bring manufacturing jobs back to U.S. shores.
Businesses across the country are crunching the numbers and realizing that, despite Donald Trump’s insistence, they can’t balance out his tariff hikes across the supply chain.
“Some manufacturers who had plans to open factories in the country say the new duties are only adding to the significant obstacles they already faced,” Bloomberg reported Friday.
That’s because the supply chain to produce those goods in the United States simply isn’t there, requiring companies to import raw materials and factory equipment—which Trump’s tariffs have made unaffordable—from abroad.
Yup, that was the “can’t do it too much” part. :)
Any of it would be relevant if I thought trump or the Republican party cared about those consequences.
The worse part of it is
That’s the potential economic catastrophe. So far we haven’t had to face many consequences of excessive debt accumulation, but if those idiots succeed in destroying the special circumstances that let us get away with more fiscal recklessness than other countries, that reckoning could happen very suddenly.
It’s a similar feel to climate tipping points. It’s unique enough situation that we really don’t have a good way to predict the likelihood, the timing, the severity, but we’re not just playing with fire, we’re running around holding a tank of burning napalm over our heads claiming: no big deal, no one’s been burnt yet