This is a companion piece for my previous post….
We have been told what a wonderful world it will be as soon as Donny’s agenda and tariffs have done their thing…..
But is that true and how long must we wait?
President Donald Trump says his tariffs on imported goods are encouraging companies to invest in the U.S., claiming that will lead to “better-paying American jobs making beautiful American-made cars, appliances, and other goods.”
But critics say it could take years for American workers to develop the 21st-century manufacturing skills that overseas workers have already mastered.
“In the U.S. you could have a meeting of tooling engineers, and I’m not sure we could fill a room.” Apple CEO Tim Cook says. “In China, you could fill multiple football fields.”
In the meantime, critics warn, consumer products will continue to be manufactured overseas, and Trump’s tariffs will drive prices of those imports higher.
There’s a reason companies moved production offshore in the first place: It’s cheaper thanks to lower labor costs. As a result, American consumers have long benefited from lower prices.
George Carrillo, CEO of the Hispanic Construction Council, says garments and furniture made overseas are generally 20% to 50% cheaper than U.S.-made goods. But for some products, like consumer technology items, the differential is even bigger.
Apple, which makes 80% of its products in China, is a good example.
Just a little something to think about (if that is possible) when it comes to the promise of the return of American manufacturing.
I Read, I Write, You KNow
“lego ergo scribo”
There is a history of what tariffs do to consumers, and it is happening here now…everyone who has one ounce of business acumen knows…which is why we are where we are. The corruption on display in plain sight is staggering…look at certain Congresswomen who purchased stock before information was released that drove the price wildly higher…information she received in a private congressional briefing, then acted on it for her own personal gain…and no one cares…meanwhile, prices will go up and services will be cut in her district.
Since Trump’s portfolio is not in a blind trust….did he make any investments? chuq
Well THAT graft is so extensive I don’t know how we even keep up! He’s closing hotel deals while meeting withholds of state…it’s insanity
And unethical…..but then nothing about him is ethical. chuq
So much of the manufacturing base has been left to decay, or owned by foreign companies that are bailing out of the US due to the tariffs and the uncertainty caused by Trump’s idiocy. To rebuild all that infrastructure and train workers will take years.
Best wishes, Pete.
And there is the problem….can the US recover after such a long time? chuq