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Deportation of ten million people would probably take as many years, so that’s not really an issue, 20 percent tariffs on certain goods? We don’t know the details but it would definitely make those goods more expensive but again, even tariffs would take time to fully implement.
The idea behind tariffs is to make manufacturing costs more competitive but it takes time to ramp up production, factories need to be built and companies need to make the decision to build them.
Once upon a time tariffs might have been an effective policy tool but with so much of our manufacturing base having been dismantled over past decades it’s not going to work anymore. Even making lower priced goods more expensive with the imposition of tariffs won’t inspire onshore manufacturing because higher labor costs and production costs would not cover the margins, it would still be cheaper to import goods.
Rebuilding factories takes decades, political leaders change every few years and the economics of manufacturing will change with them
The idea behind tariffs is to make manufacturing costs more competitive but it takes time to ramp up production, factories need to be built and companies need to make the decision to build them.
Once upon a time tariffs might have been an effective policy tool but with so much of our manufacturing base having been dismantled over past decades it’s not going to work anymore. Even making lower priced goods more expensive with the imposition of tariffs won’t inspire onshore manufacturing because higher labor costs and production costs would not cover the margins, it would still be cheaper to import goods.
Rebuilding factories takes decades, political leaders change every few years and the economics of manufacturing will change with them