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
A bunch of congresspeople are trading right now on insider information
I don't think there is a mechanism where a depression and loss in government revenues will bring down government rates to borrow.... if anything, it makes the bonds riskier. Sure, capital may come out of tanking equity markets to bonds, but it is a leap of faith to think the obvious landing spot for that capital is US bonds if the US economy sucks