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.
You’re missing the point. That didn’t happen overnight. We gradually built supply chains in Asia to our own detriment over decades.
Sure there needs to be some sort of market or policy change if we want it to be economically plausible to bring more of it back, but then it will take decades to build out.
And there won’t be millions of unionized blue collar jobs as it will be all automated. Automation has done more to erode those jobs than outsourcing, and that genie is not going back in the bottle.
From an historical perspective it very much did happen overnight, in the 70s they were there, in the 90s they were gone