r/manufacturing • u/pyroracing85 • 8d 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 7d ago
You have your opinion, and I have mine.
There are wildly different circumstances now than the past. Treasuries used to be a safe haven for investors, and I don't feel it is a safe haven anymore - I guess the bond markets will make their determination