• toddestan@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    edit-2
    8 hours ago

    The other problem with moving manufacturing due to tariffs is that tariffs can always be changed, whereas moving manufacturing is a longer term investment that can cost millions, if not billions when it comes to things like chip fabs. No one wants to make an investment like that, only to have their investment suddenly become worthless because some politician decided to change how the tariffs work.

    Trump’s idiotic and constant flip-flopping on these tariffs have completely destroyed any chance of them actually accomplishing anything (not that they really had a great chance of that in the first place, but anyway…), because no one is going to move a factory to the US when Trump can and will change his mind based upon a whim or whoever is whispering in his ear that moment.