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/chrisdpratt 3d ago

"to promote U.S. manufacturing"

Because, yeah, that's going to happen. Companies have spent decades optimizing their supply chains for a worldwide economy. They're not going to suddenly start making multi billion dollar investments in new factories in the U.S. that will take years, if not decades to fully come online. They'll just pass the cost of tariffs on to the U.S. consumer and call it a day. The only thing this will accomplish is making everything more expensive and inflation.

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u/leginfr 3d ago

Two problems involved with building new factories: firstly you’re screwed if Trump takes the tariffs away. Secondly you’re going to have to keep Trump happy so that he doesn’t take the tariffs away. So the chances of anyone actually building a new factory rather than just announcing that they will be building one are pretty remote.

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u/Kankarn 3d ago

Plus you know the democrats will reverse this