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"I am not an economist" But from what I've read/heard/understand tariffs can have the effect of on-shoring but only if they are fixed an unlikely to change/flu
by joshstrange 2y ago
"I am not an economist"
But from what I've read/heard/understand tariffs can have the effect of on-shoring but only if they are fixed an unlikely to change/fluctuate. On-shoring production is not quick. Some Trump rep made a comment about how they delayed the tariffs on phones/computers 3 months because "Companies would need time to move production" which is just laughable, as if anyone could move production in 3 months (let alone 3 years).
None of it matters since the Trump admin changes its mind like it changes its socks. No serious company is going to do more that PR about how they are moving production back to the US because they can very easily get burned when Trump changes his mind. Moving production is a massive task and getting caught half-way through with policy changing (making it no longer profitable) could be a death blow to some companies.