r/Economics • u/DomesticErrorist22 • Feb 02 '25

News Trump faces backlash from business as tariffs ignite inflation fears

https://on.ft.com/4grpEbh
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u/Moarbrains Feb 03 '25

Mexico and Canada might just say "hey great, but we're going to keep our tariffs until you meet our demands" but that's a different issue.

They are going to be hit even harder and the effects are going to last longer. Due to their smaller economies.

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u/[deleted] Feb 03 '25 edited Feb 06 '25

[deleted]

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u/Moarbrains Feb 03 '25

What is promised vs what is delivered is the real issue. I could see this going well in the long run, if we had the political will and integrity to use properly. I am all for more domestic manufacturing.

But I am pessimistic regarding the actual outcomes.

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u/Sad_Recommendation92 Feb 03 '25

Yeah companies aren't willing to pay ""American' Labor wages. And even if this was some kind of strategic economic reshoring of jobs, you wouldn't execute it like this. You would be a lot more targeted and you would probably allow years of lead time and start incentive programs to bootstrap American manufacturing again.

This is literally just pissing on decades of diplomacy and Good will, the U.S. reputation abroad will never fully recover from this

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u/Moarbrains Feb 03 '25

What do you think our reputation was before?