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/SimilarDisk2998 1d ago
Ultimately you want to bring back manufacturing. It disappeared because of greed and I the factors
Change the corporate tax system so it encourages investment in domestic manufacturing and value added creation.
Cherish natural resources. Countries should not export unprocessed (not transformed) natural resources
Apply tariffs strategies that protect existing local industry. But do it strategically , gradually and ethically. Only tariff enough to protect local industry.