Comment by 0x00cl
15 days ago
> Every single one was moved offshore by an American business looking to reduce costs and increase the quarterly bottom line.
> This time, it's by adding a new tax on Americans on what they buy from overseas.
If adding/increasing tax on product oversees increases the costs of said products, wouldn't American business look to reduce cost by moving back to America?
If I understand correctly that's what Trump is trying to do.
Right but American wages and worker conditions will also need to fall drastically to make it competitive with Asia post tariffs.
Millions of Americans returning to shit tier factory conditions is not a victory.
Yes, this is the theory. Also to return manufacturing to the US, for jobs but also for national security. If a major war breaks out, which is more likely than in the past 2 decades, we can't effectively fight without a strong manufacturing base.
US businesses who offshored all the US manufacturing jobs now have their day of reckoning. The government can't really say, "move your jobs back," without some sort of constitutional change, they can only incentivize businesses do so, ergo tariffs on offshore labor / goods.