President Donald Trump is openly challenging U.S. allies by increasing tariffs on all steel and aluminum imports to 25% as he vows to take back wealth he says was “stolen” by other countries.
American workers also want American wages. The problem is wages have been a race to the bottom. So, even if the US could magically get the labor, materials, capital, locations, etc. to produce things, they would be waaaaay more expensive than now. Not that reducing mindless consumption is a bad thing in my mind, but this would still be true of essential goods. This still remains true even with his attempts to undo all kinds of environmental regulations.
American workers also want American wages. The problem is wages have been a race to the bottom. So, even if the US could magically get the labor, materials, capital, locations, etc. to produce things, they would be waaaaay more expensive than now. Not that reducing mindless consumption is a bad thing in my mind, but this would still be true of essential goods. This still remains true even with his attempts to undo all kinds of environmental regulations.