Comment on How Will We Know If The Trump Tariffs Were A Good Idea?
FuglyDuck@lemmy.world 1 week agothat’s jut it, though.
They’re not saying the 4 years is a loss. the producers outside of the US… they’re just going to ship to new markets, and when things get less insane, then they come back. that’s all they need to do. Spinning up production in the US is expensive, costly, and it’ll take more time to complete than the whole reason for it will last- presumably.
and if it lasts longer than four years, that’s probably going to be even worse, because then, well, yeah. the best case scenario is you get to write off all those losses. Worst case? it can get whole hell of a lot uglier as you lose IP and find yourself competing against your own designs.’
So trump’s tariffs is driving imports away and killing local development of production at the same time.
to put it in the simplest terms, it’s fucking stupid.