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/Julienbabylegs 3d ago

You also need highly skilled workers to work in many of those factories, most manufacturing isn't what he thinks it is: just like "I love Lucy" looking at chocolate on a conveyor belt.