> Manufacturing isn't returning to the US due to these tariffs.
Even if it did, is it even desirable?
Countries that actually tried to keep manufacturing beyond its usefulness typically punch beneath their weight, such as the case of Germany.
The US lost manufacturing because it was heavily automated and those jobs don't pay really well. They are great for poor countries, because working in a factory sweatshop is better than plowing fields in rural areas, but advanced economies eventually grow beyond that.
The US, being the most advanced economy in the world, transitioned a long time ago into a finance and service economy. It's kind of fascinating (viewing from the outside) that it want to revert to a more rudimentary economy, and there are people applauding that.
Even if it did, is it even desirable?
Countries that actually tried to keep manufacturing beyond its usefulness typically punch beneath their weight, such as the case of Germany.
The US lost manufacturing because it was heavily automated and those jobs don't pay really well. They are great for poor countries, because working in a factory sweatshop is better than plowing fields in rural areas, but advanced economies eventually grow beyond that.
The US, being the most advanced economy in the world, transitioned a long time ago into a finance and service economy. It's kind of fascinating (viewing from the outside) that it want to revert to a more rudimentary economy, and there are people applauding that.