Comment on How can you oppose tariffs, while supporting a hardline against China on Taiwan?

<- View Parent
theunknownmuncher@lemmy.world ⁨1⁩ ⁨week⁩ ago

Even if tariffs worked the way Trump wanted and it magically brings all this manufacturing back to the USA, it will still cause extreme inflation in the USA. The reason foreign goods are so cheap? Dirt cheap labor. To manufacture these goods in the USA would mean orders of magnitude higher labor costs and ultimately orders of magnitude higher price of goods to the consumer. Inflation.

source
Sort:hotnewtop