The irony of Trump's tariffs is that by not exempting tariffs on intermediate goods in the manufacturing process (which raises the cost of US manufacturing compared to the rest of the world), he is discouraging the revival in American manufacturing that would've been inevitable due to automation and cheap US energy.
Spectacular decomposition of the tariff wars.
Thanks Sam! Glad you enjoyed
The irony of Trump's tariffs is that by not exempting tariffs on intermediate goods in the manufacturing process (which raises the cost of US manufacturing compared to the rest of the world), he is discouraging the revival in American manufacturing that would've been inevitable due to automation and cheap US energy.
Trump views international trade as unnecessary for a continent-size economy like the US. The tariffs will reduce the significance of trade.