I could imagine, maybe, that if tariffs were 100% here to stay, that then, after some period of pain, lasting a few years, investors would have built replacement infrastructure domestically. (The word 'maybe' is doing a lot of work here, but let's roll with it, for the sake of argument.)
But this administration is already using tariffs as a negotiating tool, a cudgel. "If country X does Y, maybe the administration will cut them a break."
That means, as an investor, there is simply no certainty that makes it safe enough to invest in domestic US infrastructure. What if I build a factory and then the tariff evaporates?
But this administration is already using tariffs as a negotiating tool, a cudgel. "If country X does Y, maybe the administration will cut them a break."
That means, as an investor, there is simply no certainty that makes it safe enough to invest in domestic US infrastructure. What if I build a factory and then the tariff evaporates?