What are the moving goalposts for businesses?
Manufacturing is not only driven by inflation but corporate greed and large companies that have to impress their investors with record profits every quarter. Nothing to do with tariffs or who is president. Government regulations also drive the cost of manufacturing higher in the US. For example, at any time I can find material from Pakistan or India at a fraction of the cost of material from the US. Why is that?
I know we all like to sit here and bash the current president but there is a larger picture here that has impacted our country's manufacturing sector and it's the government overreach and oppressive nature mixed with greedy corporations. Trump would be better off trying to relieve some of the stricter guidelines on manufacturing than applying tariffs.
He has changed his tariffs based on whims multiple times. This would make planning impossible and isnt good for business. He said they were one thing on liberation day, quickly altered course, put them on china, took them off, put them on the canada, took them off, change the numbers, the supreme court rules he can't, so he increases the tariffs by 5% across the board.
You can't act like regulations are en masse a bad thing, you can't be destroying the environment, or making products that are hazardous to folks. Places without regulations clearly can out compete the US and other law abiding nations but that's not a bad thing in toto, perhaps if we just zone in on economic outputs but I would prefer kids not working in factories and cities being swamps like some Indian municipalities.
There is a balance there of course.
There is a better way to do this, tariffs aren't it and the way he is going about this, as an extension of his ego is causing countries to actively avoid the US. Isolationist policies don't work, never have.
I think you are beginning to see the consequences of this.
