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Also would require near-certainty that these conditions will last far, far longer than 4 years (or 4 days, per earlier tariff tantrums). Especially for the most
by sorcerer-mar 2y ago
Also would require near-certainty that these conditions will last far, far longer than 4 years (or 4 days, per earlier tariff tantrums). Especially for the most important industries like semiconductors, steel, oil, which require massive capex.
- joering2 2y agoYou said the most important part. Trump and Co believes that a car or semi factories grow overnight like mushrooms in the forest. If a CEO of a semiconductor company would decide to start building a billion dollar plant in the USA, which would take 6-8 years to built, knowing that new President from the other much different party might take over in less than 4 years, that CEO would probably endup being sued by shareholders for jeopardizing the company's bottom line. Noone in their right mind will start building factories in USA because of temporary tariffs that all might go away with an executive order and a stroke of a pen comes January 2029.
- veidr 2y agoOr might go away in May 2025, after whatever foreign leader or competitor bought enough $TRUMP, or rented sufficient luxury hotel rooms.