Everyone would love a deep manufacturing base. But unless American companies can manufacture at the price the foreign companies were, prices will go up, people will have less money to spend or buy less of that product specifically, and jobs will be lost again. Inflation will rise meaning higher borrrowing rates for consumers and businesses. Not to mention when those jobs are lost overseas so those consumers can’t afford American goods, while also generating anti American sentiment, exports will take a hit too. Eventually even the tariff revenues will decline if they aren’t allowed to compete here. It’s longing for a world that will never come back without a lowered standard of living. There is a legitimate concern about protectionism harming us, but that’s not what’s happening here in our borderline bizarre response of policy by tweet that changes day to day, and in some cases even tries to settle political scores, like with Brazil. International trade with limited tariffs, for all its faults, is far and away the most efficient economic system and what we should be encouraging. Ask just about any economist on the planet not trying to suck up to Trump.
86 percent of Americans stressed on grocery prices. More winning. https://apnews.com/article/poll-cos...stress-worry-cd183c59f034f6e87525675f3ca04864
