this post was submitted on 01 May 2025
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Tariffs are a way to bring manufacturing back into the country, but why have blanket tariffs instead of targeting specific sectors to incentivize bringing back manufacturing in those sectors?
And tariffs are not the only way to bring manufacturing back, government can subsidize bringing manufacturing back. Biden did that with the CHIPS act, where are Trump equivalent of the CHIPS act?
Furthermore, if the plan is to bring manufacturing home why is Trump trying to kill the CHIPS act?
And why is he gutting education when it's obvious to anyone that manufacturing requires skilled labor?
He's doing only one thing (and he's doing that very poorly) that is supposed to bring manufacturing back and everything else he does more or less works against bringing manufacturing back. You have to have blinders on to really believe he's trying to bring manufacturing back to America.
Exactly. Biden was bringing a lot of manufacturing into Ohio through the chips and infrastructure acts. Manufacturing with good mixes in skill of labor.
We aren't competitive in stuff like steel or high volume low cost manufacturing. What we are able to compete on is high skill and high tech manufacturing. Things like chips, manufacturing equipment, and vehicles. Our labor is disproportionately skilled and our costs of living and land are significantly higher than in many countries. I would also love a focus on domestic production of green technologies like batteries, wind turbines, solar panels, and trains and rail equipment. There's a reason China focused on such things.
I'm pro manufacturing, it's my career. But tariffing everyone and everything doesn't improve manufacturing. Targeted combinations of tariffs and subsidies do.
Additionally it needs to be said that when Trump does target, he focuses on outdated things, namely coal.