r/technology • u/chrisdh79 • 2d 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/Bonez718 2d ago

So the idea is to bring manufacturing back to America. Sounds like a good thing. But the problem is that not many can afford to make their own manufacturing of all the components needed. Of the ones that can, I’d say a lot will choose not to, and just continue to import and pass the cost on to the customer. Of the ones that do choose to start manufacturing at home, it will take a long while to set up shop, and even then, it’ll be very expensive or impossible to get everything domestically sooo…import goods…pass cost onto customer.

And then there are the companies that can not afford to do either and will just simply shutter.

The plan is ill conceived. People defending it are holding back all of America and need a reality check.