Not OP, but it's clear that slow, low, scheduled tariffs are how you move manufacturing. When a business say, hmm... in 5 years, we're going to be unprofitable,

Not OP, but it's clear that slow, low, scheduled tariffs are how you move manufacturing. When a business say, hmm... in 5 years, we're going to be unprofitable, we should probably invest in an American fab. This is also why you pass the tariffs through the legislature and not via some literal "emergency" order, which means that the tariffs could disappear at literally any point, and probably will if things get bad. So what's the point of investment if you have a better than 50-50 chance and you're going to feel the pain either way? It's just exactly the opposite way anyone who is seriously trying to shift manufacturing would go about doing it. There is also some strong dollar issues, but that's really complicated.