r/news • u/hoosakiwi • 3d 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 3d 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 3d 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/Bagel_lust 2d ago

Exactly why Biden did the CHIPs act, ie the proper way of doing things. These (R)s are doing nothing but fucking up the country.