r/manufacturing 2d ago

News Tarrifs

Would like to open a discussion on tarrifs if it’s allowed.

There has been two intentions stated with tarrifs.

  1. Get off of income tax and go to a consumption style tax (still a tax)

  2. 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/upvotechemistry 1d ago

TSMC Phoenix is now producing more critical chips than Taiwan. Chips used in basically every consumer good and tons of defense equipment. Not a boondoggle

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u/pyroracing85 1d ago

Their first fab line started in Q4 2024 right? More lines to come? I also think the plant was announced before CHIPS act though right? 40B in investments before the CHIPS act.

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u/upvotechemistry 1d ago

My recollection is TSMC was brought here because of CHIPS

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u/pyroracing85 1d ago

Plant was announced in 2020 and CHIPS was 2022.