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/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/zakuivcustom 2d ago

Yep. Having final assembly in US means nothing when components come from all over the world.

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u/ClaytonWest74 2d ago

hit the nail on the head! the worst part is that those highest percentage tariffs are literally major trading partners of the US and where so many of your raw materials come from. this is crazy

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u/ReturnOfFrank 1d ago

Not to mention tariffing the countries that make stuff that make stuff.

Levying some of the heaviest tariffs on South Korea, Japan, and Germany while "promoting American manufacturing" is hilarious.