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>Will we pay the 20% tax/fine? Grudgingly yes. Particularly if this stuff becomes law and local labor force becomes even more expensive than it is now. This is
by wakawaka28 1y ago
>Will we pay the 20% tax/fine? Grudgingly yes. Particularly if this stuff becomes law and local labor force becomes even more expensive than it is now.
This is the point. They could just BAN outsourcing. But letting it just be more expensive is a compromise to allow companies to find people when overseas is the only way to do it.
>The same sort of thing happened with manufacturing jobs. You can wish for those jobs to come back all you want. It is not happening in any significant numbers.
If the tariffs stick, and get set to a sufficiently high rate, then the jobs will come back. In the meantime, investors are scared to be screwed over on new factories in the US which would be uncompetitive without tariffs.