United States (US) President Donald Trump spoke with reporters late on Friday, further amending statements made by his own White House personnel which were also meant to amend reports that the Trump administration may be kicking the tariff can down the road to March 1.
It seems that the goal is to make it so prohibitively expensive to import things that it opens up niches to start producing them domestically. It will necessarily drive prices up in the near term, but it’s also not clear that it would achieve the desired effect long term either. Traditionally, the kinds of investments that would be needed require state involvement, and so far my impression is that they’re just going to leave it to private business and hope that magic happens.
I talked about promoting local goods during the recession but EVERYONE I know said “no america is not a manufacturing country anymore it’s a service country”. Funny how things change.
Sooo who is not getting tariff? Seems like all he Is doing is raising revenue by taxing people and calling patriotic.
It seems that the goal is to make it so prohibitively expensive to import things that it opens up niches to start producing them domestically. It will necessarily drive prices up in the near term, but it’s also not clear that it would achieve the desired effect long term either. Traditionally, the kinds of investments that would be needed require state involvement, and so far my impression is that they’re just going to leave it to private business and hope that magic happens.
I talked about promoting local goods during the recession but EVERYONE I know said “no america is not a manufacturing country anymore it’s a service country”. Funny how things change.