Developereo
Elite Member
These tariffs will make things more expensive for the American consumer. The fat cats will retain their profits and simply pass on the costs to consumers. And if expensive manufacturing jobs don't make economic sense, they will be replaced with automation and innovation. No company is going to pay $40/hour for someone to make sneakers in the US.
Secondly, as I mentioned previously, if American companies have to face tariffs in the global market, they will have trouble retaining market share. American products are already premium priced for quality; you add on tariffs and there are very few things in life that justify paying top dollar. Without global market share and the corresponding valuations, American companies will find it harder to fund R&D, and it will need to be subsidized by the government with R&D rebates. The result is that corporate welfare will increase, ironically, while Trump boasts about reducing government waste.
As always, when all is said and done, the reality is different from the slogans. The fat cats will retain their wealth, corporate welfare will go up, consumers will pay more, and American MNCs will find it harder to fund R&D to compete in the global market.
Also, on a broader note, Trump is focusing on low paying, blue collar factory jobs while the 21st century, white collar jobs are being outsourced to India or taken over in the US by Indians and other not-so-skilled migrants. These migrants engage in rampant ethnic nepotism and discrimination against local Americans but Trump doesn't dare to touch this issue because this subject is taboo to his tech bros. including Elon Musk.
If Americans are losing blue collar jobs and migrants are taking over triple-paying white collar jobs, then the government has failed its duty towards its citizens to train them for those high paying jobs. This will be the story of the 21st century, not the tariffs.
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