this post was submitted on 01 May 2025
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The tariffs were planned. Presidents generally roll out the 'eating your vegetables' policies in their second term. Of course its going to drive up prices, that is the point. The small business that start making domestic goods will make good money. The small businesses that just dropship crap from Temu and Alibaba will go out of business. The dollar was already disappearing as the global reserve currency before Trump.
We need to NOT accept that manufacturing is behind us. NEVER accept failure.
Would you like to work in a factory for peanuts making basic goods previously made in China?
Manufacturing never left America. Aerospace, military, energy, etc. are alive and healthy, creating highly specialized and valuable jobs.
Trump wants to bring back people working for minimum wage (or way less if using prisoner labor) doing menial toaster assembly.
How is manufacturing being behind us failure, exactly? Does an engineer fail when they pay to eat at a restaurant? The service industry jobs that make up 3/4 of our GDP pay better than manufacturing jobs. Tariffs are like adding a restaurant tax to incentivize lawyers and doctors and engineers to cook at home.
Transitioning from low paying physical work to high paying mental work is success, not failure.
There's no businesses, large or small, set up to take advantage of the tariffs in most industries. And it's difficult for new businesses to set up because there's an air of uncertainty to everything right now, because Trump likes to roll things out major changes with as little warning as he can - which is not an environment conducive to investment of any kind. Further, the equipment that would be needed to start a new manufacturing business is, by and large, covered by tariffs!
As for accepting failure - we didn't fail to keep those manufacturing jobs. We developed to the point nobody was willing to do those jobs for a cost effective price. That is not a failure.