The issue is that Trumps strategy is a huge risk, and one that likely won’t go as planned.
Most people who are for the tariffs believe that manufacturing jobs will come back to America.
There is no evidence to prove that.
Why would any big or major company take that risk? It would cost hundreds of millions to move to the US with no guarantee that the tarriffs will stay in place. There will be a new president in almost three years, if it’s a dem, no more huge tariffs. If I’m a major company, zero chance I’m gambling on moving to the US. Nike just came out and said they will stay put and instead focus on selling and marketing more to China.
IMO the tariffs will simply benefit other big countries as the big companies will shift their focus to them.
The best way to predict the future is to look at the past. The last time tarrifs were raised this much it contributed to the Great Depression.
Im convinced that anyone who supports what is being done is broke. They don’t have any money in the market and they don’t own a business that relies on goods from other countries.
