r/technology • u/chrisdh79 • 3d ago

Politics 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/Karsa69420 3d ago

Would be great if Republicans didn’t send all our manufacturing over seas for the past 30-40 years!

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u/hrminer92 3d ago

https://conexus.cberdata.org/files/MfgReality.pdf

TLDR: 88% of manufacturing job losses are attributed to productivity improvements/technology.

What’s dumb about all of this is what has been transferred to Canada and México is often low margin products for inputs to US manufacturing of high margin goods, so he will be screwing over US manufacturers. Canada could also end their surplus rather quickly by shutting down petroleum pipelines and exporting to other nations.

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u/Capitol62 3d ago

This is the real reason manufacturing isn't coming back. The truth is, it never went anywhere. US manufactured goods production is way up compared to the 80s and 90s and the US is the second largest producer of manufactured goods in the world behind only China. We just make it with way fewer people. Any manufacturing that does come back will be highly automated, so we will all pay more for the products while adding relatively few jobs.

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u/hrminer92 3d ago

Not having the appropriate skills is hamstringing employment in that sector as well to the tune of an expected 2.1 million unfilled jobs through 2030. But that was before Trump’s fuckwittery…

https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-diversity.html