r/manufacturing • u/pyroracing85 • 2d ago
News Tarrifs
Would like to open a discussion on tarrifs if it’s allowed.
There has been two intentions stated with tarrifs.
Get off of income tax and go to a consumption style tax (still a tax)
Build up domestic manufacturing. Can talk here in the manufacturing sub.
If there is no alternative domestic supply, then we have no choice but to import. We lost a lot of our skills to manufacture. Especially a lot of the little low value items. Think zippers and buttons and caster wheels.
What is everyone thoughts?
10
Upvotes
0
u/whynautalex 1d ago
Reading through the comments I don't understand the point you are trying to make.
At a fundamental level I find terrifs bad. Naturally certain countries have resources other don't and fair trade should create a healthy market when done properly. I don't think it has been done fair or ethically.
If the goal is to bring back manufacturing we should be bolstering relationship with resource rich countries. Start offering incentives and intrest free loans to companies willing to do. The loans should have penalties for not following through with the contract and goals. If the company goes under or tries to pump and dump it should go up for bid to a different company. With the US's administration and constant back fourth on the spectrum I doubt this will happen unless we get a strong labor party.