Hypothetically this could create business incentives for building local capacity, but realistically manufacturers are not going to invest with the assumption that these tariffs will be permanent. Eventually either Trump will back down or he’ll be replaced by someone else, and the tariffs will end. Why invest in manufacturing when there’s no long term guarantees for profitability?
Hypothetically this could create business incentives for building local capacity, but realistically manufacturers are not going to invest with the assumption that these tariffs will be permanent. Eventually either Trump will back down or he’ll be replaced by someone else, and the tariffs will end. Why invest in manufacturing when there’s no long term guarantees for profitability?