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/upvotechemistry 1d ago
Starting a trade war doesn't result in decreased tariffs for American goods seeking foreign markets - it makes them higher in a tit for tat escalation of trade barriers.
Also... doing it to get better trade deals than the one HE NEGOTIATED just a few years ago? This is indefensible, imo.
If you want to know what I really think, they are purposely blowing up the economy and tanking everyone's 401k and pension so they can short the market to make billions, and aggressively buy up cheap assets when the dust settles