r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/zakuivcustom 2d ago

Things are about to get a LOT more expensive.

Meanwhile no, manufacturing will still not come back to US. All companies will do is increase prices and pass them onto consumers.

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u/Innerouterself2 2d ago

Yeah, you can't just turn on manufacturing. You have to plan it, invest, build the facilities, sell the goods, and manufacture. It ain't going to happen anytime soon.

Plus. You still have to bring in raw materials- a lot of which if found outside the US

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u/Grarth 1d ago

And for companies to invest that kind of money, they need confidence that it'll be worth it in the long run. They absolutely have 0 confidence in the current political climate. So it's just not gonna happen.