The Trump administration’s 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 Trump’s insistence, they can’t balance out his tariff hikes across the supply chain.
“Some manufacturers who had plans to open factories in the country say the new duties are only adding to the significant obstacles they already faced,” Bloomberg reported Friday.
That’s because the supply chain to produce those goods in the United States simply isn’t there, requiring companies to import raw materials and factory equipment—which Trump’s tariffs have made unaffordable—from abroad.
That’s what people keep forgetting: this is not new. It took us decades to offshore our supply chains, decades to move out low profit manufacturing. Now it’s gone. Long gone with few remnants, and we need to start over. It will take time and investment, incentive and support, and can only be done with an actual strategy and sticking with it. For decades…
Maybe a factory can be built in a couple years, but a supply chain is many factories building different things, supported by resource acquisition that’s different from what we currently do. A supply chain is decades