Trump seems to think the trade deficit is some sort of debt that we’ll have to pay off in the future.
The overall goal of bringing manufacturing back to the US isn’t necessarily a bad one, but this is probably the worst way to go about doing it. One article I read pointed out that it would take many years of consistent tariffs to generate that kind of interest and investment - but anyone with half a brain knows these tariffs could be gone tomorrow, so there’s little inclination to actually try to build factories in the US based on this move. No reasonable investor would want to bet their company on Trump acting consistently.
Trump seems to think the trade deficit is some sort of debt that we’ll have to pay off in the future.
The overall goal of bringing manufacturing back to the US isn’t necessarily a bad one, but this is probably the worst way to go about doing it. One article I read pointed out that it would take many years of consistent tariffs to generate that kind of interest and investment - but anyone with half a brain knows these tariffs could be gone tomorrow, so there’s little inclination to actually try to build factories in the US based on this move. No reasonable investor would want to bet their company on Trump acting consistently.
That’s the scary thing. Citrus-Hitler assumes he’s gonna have himself and his policies in place for “many years of consistent tariffs.”