Comment by Tuna-Fish
10 days ago
No-one will move any manufacturing because people don't expect this to last long enough for it to make sense.
The congress can remove Trump's authority to determine tariffs at any point by declaring the crisis to be over. The Republicans have a knife-edge margin in the house and the most consistent two rules in American elections are that the party with the president loses some support in the midterms and that bad economic times means that the opposition party gains.
It would take years to move production, and next congress is 20 months away. There is no world in which this ends up good for the USA. Even if you believe that this is a situation where short-term pain leads to long-term gain, there is no way this will continue long enough for that gain to ever materialize.
Yep, there will be a lot of promises for factories that should break ground in ~2028.
The White House has already demonstrated repeatedly it can't stick to its guns.