Raising prices on everything is not going to help the majority of Americans. Taxing the rich might have but half the rationale for these tariffs is tax cuts for the rich.
There is no plan or logic to this.
Raising prices on everything is not going to help the majority of Americans. Taxing the rich might have but half the rationale for these tariffs is tax cuts for the rich.
There is no plan or logic to this.
The factories have to be designed and built. This includes all of the manufacturing processes, equipment, tooling, automation, etc. All of which are done by reasonably paid, middle class engineers and trades.
Then you have all the 2nd order businesses that get stimulated. Energy must be provided. Mines, mills, refineries, etc. to make the raw materials. The packaging for the end products. Logistics for supplies and end products.
All of the value above used to be in the US but has been captured overseas for decades now.