I heard people in manufacturing say though, that while the idea was good, Trump didn’t understand or account for the fact that after so many years of offshoring and importing, there simply weren’t any manufacturers of certain components or products left in the US. And for some it would take years to bring them back because the skills and…
I heard people in manufacturing say though, that while the idea was good, Trump didn’t understand or account for the fact that after so many years of offshoring and importing, there simply weren’t any manufacturers of certain components or products left in the US. And for some it would take years to bring them back because the skills and competencies to make the products have been lost. In the meantime, while these need to be built back up, American companies that have no choice but to source from China had to pay a lot more because of the tariffs 😕 So, it’s complicated. A good initiative on its face but not as simple or immediately beneficial to domestic manufacturers as it seemed.
I heard people in manufacturing say though, that while the idea was good, Trump didn’t understand or account for the fact that after so many years of offshoring and importing, there simply weren’t any manufacturers of certain components or products left in the US. And for some it would take years to bring them back because the skills and competencies to make the products have been lost. In the meantime, while these need to be built back up, American companies that have no choice but to source from China had to pay a lot more because of the tariffs 😕 So, it’s complicated. A good initiative on its face but not as simple or immediately beneficial to domestic manufacturers as it seemed.