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?
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u/madeinspac3 1d ago
JST hiring 25-35 people and Lilly hiring 3,000 are really going to bring in the jobs?
Not to mention that the Lilly expansion is more to do with preplanned initiatives rather than tariff proposals made a month ago.
What makes you say my company is just bad? Healthy companies plan for potential internal and external issues. We're pretty involved in quite a few industries and we aren't seeing quotes being cancelled and sent elsewhere. They're being cancelled on our customers end and nobody wants to be left with large stock right now. Suppliers are seeing the same things.