Comment by fullshark

2 days ago

Just because businesses / wall street doesn't like something doesn't mean it's necessarily good for every day Americans. The tariff vision of on-shoring manufacturing and reliving the glory days of the post WW2 era was rooted in fantasy. The US simply cannot compete given its labor costs and actual manufacturing know-how.

Perhaps this is an overdue wakeup call, and a freak out is in order regarding this reality but unconstitutional tariffs alone were never going to solve this problem.

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fullshark

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mastax  2 days ago

If the US really wanted to make a durable shift to manufacturing, presidential tariffs by fiat aren’t a good strategy anyway. Tariffs could be a small part of that strategy but they should be targeted, not broad, and enacted by congress so businesses have the kind of decades-long stability required to invest in factories that take years to pay off.