> If for some reason someone smart (with an education and who did something other than default to praise Trump's ego in press conferences) were to decide we should go to the mattresses wildly with tariffs to fight globalization:
And even then, tarrifs right off the bat are the wrong approach. It takes time, a lot of time, to reorganize supply chains and spin up manufacturing. It also requires a ton of capital. It requires a slow roll, local incentives, subsidies, and long term planning.
It wouldn't be feasible to expect it to happen over the course of a single presidential term. If I'm a big company and I've got the cash reserves, I'm better off laying off a bunch of people and buckling down for the next 4 years rather than spending a bunch of capital to bring supply chain to the USA.
And even then, tarrifs right off the bat are the wrong approach. It takes time, a lot of time, to reorganize supply chains and spin up manufacturing. It also requires a ton of capital. It requires a slow roll, local incentives, subsidies, and long term planning.
It wouldn't be feasible to expect it to happen over the course of a single presidential term. If I'm a big company and I've got the cash reserves, I'm better off laying off a bunch of people and buckling down for the next 4 years rather than spending a bunch of capital to bring supply chain to the USA.