this post was submitted on 18 May 2025
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Economics
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That's the point. To push the consumer market to shift to American made goods. What this idiot has missed is that American doesn't have the means to make these goods.
So as always, he fucked up another "business" and it'll lead to terrible consequences. Just like all his Trump businesses that failed.
Art of the Bankruptcy.
Regardless of one's opinions on tariffs themselves, this was such a stupid, hamfisted way of going about it. It's almost like phasing in tariffs incrementally over a period of, say 10 years, would allow for adaption and for production to get spooled up.
I use "10 years" as an example, an economics person would be better qualified on the specifics.
If you want to see how government can spur investment in onshore manufacturing capabilities just look at the CHIPS act, which we can’t have because the “wrong” team did it.