The United States should not kid itself. It will not recover its manufacturing position from China in any foreseeable future. According to World Bank data, in 2024 the US’s GDP of US$29.2 trillion was 60 ...
Say you have cash on hand, or the ability to get a monster loan, to start a factory. You would be a fool to build in the US!
You know the tariffs will be disastrous and eventually repealed, and we’re seeing both actions right now. So even if tariffs allow you to compete with imports, the rug will get yanked out from under you at some point. And there you are, holding the bag on a brand-new, worthless factory.
Been saying this about tariffs for months:
Say you have cash on hand, or the ability to get a monster loan, to start a factory. You would be a fool to build in the US!
You know the tariffs will be disastrous and eventually repealed, and we’re seeing both actions right now. So even if tariffs allow you to compete with imports, the rug will get yanked out from under you at some point. And there you are, holding the bag on a brand-new, worthless factory.