The Trump administrationās tariff scheme appears less and less likely to bring manufacturing jobs back to U.S. shores.
Businesses across the country are crunching the numbers and realizing that, despite Donald Trumpās insistence, they canāt balance out his tariff hikes across the supply chain.
āSome manufacturers who had plans to open factories in the country say the new duties are only adding to the significant obstacles they already faced,ā Bloomberg reported Friday.
Thatās because the supply chain to produce those goods in the United States simply isnāt there, requiring companies to import raw materials and factory equipmentāwhich Trumpās tariffs have made unaffordableāfrom abroad.
I know, right?!? But the stupidity seems so be working far too well at the moment. So I donāt think itās useful to listen to what they say, except in that so much of the time every accusation is a confession. Iām so glad trump didnāt just stfu, and so Canada and Australia (who has their own billionaire who wonāt stfu) are in much better positions as a result. It is my sincere hope that their hubris will be their downfall. And dang if the whole catholic world didnāt just ācome outā as being a little more sane, a little less fascist.