RE: Advice7 Apr 2025 12:36
There is nothing wrong with tariffs, generally speaking. But they MUST be implemented gradually especially when the country implementing them does not have domestic capacity for manufacturing the good being tariffed.
Trump is blatently manipulating the markets by causing shockwaves with extremely high tariffs. How long do you think the US will survive with 34% tariffs on goods from China?
The US simply does not have the ability to manufacture most of the stuff coming from China. You must have a carrot as well as a stick. The stick is tariffs. The carrot is a guaranteed plan of creation of a domestic manufacturing base in a timely manner such that when tariffs are high, domestic manufacturing is in place to take over from imports.
Trump has done very little for the carrot but this would involve massive investment in US manufacturing FIRST.