But US companies cannot make everything in the US. The industrial base was off-shored.
Sure they can, they just won’t, because it’s cheaper to make in China. And that’s the whole point of the tariffs, to level the playing field and make US manufacturing more competitive.
And who is going to buy all this US made stuff?
Americans of course. The US is still the biggest market in the world.
They literally can’t. The US has only 1(!) rare earth refinery for instance. And only 3 copper smelters. China isn’t just cheaper, and that advantage is going away as well anyway, but it also developed enormous amounts of capabilities and expertise in the last 20 years that no once can match.
And even if that’s the goal, slapping giant tariffs across the board is not going to help. Some of these industries take years if not decades to develop, specifically educated staff and billions of dollars worth of investments.
Sure they can, they just won’t, because it’s cheaper to make in China. And that’s the whole point of the tariffs, to level the playing field and make US manufacturing more competitive.
Americans of course. The US is still the biggest market in the world.
They literally can’t. The US has only 1(!) rare earth refinery for instance. And only 3 copper smelters. China isn’t just cheaper, and that advantage is going away as well anyway, but it also developed enormous amounts of capabilities and expertise in the last 20 years that no once can match.
And even if that’s the goal, slapping giant tariffs across the board is not going to help. Some of these industries take years if not decades to develop, specifically educated staff and billions of dollars worth of investments.