• RememberTheApollo_@lemmy.world
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    6 days ago

    Because it takes years to build manufacturing capacity, and the tariffs are going to hurt US citizens immediately. Also, the tariffs aren’t just on cars, they’re also on metals and Chinese imports, so companies are going to have to pay extra to import raw and refined materials as well as tech goods that we don’t mine or make ourselves.

    That’s a reason these knee-jerk tariffs are so stupid. He just waves a magic wand and declares something and then it’s someone else’s problem to deal with, no guidance, no assistance; he can throw blame around to say it’s not his fault when shit doesn’t work. It hurts the US citizens a lot, will harm markets, retirements, as company profits are impacted, and is just generally a shit idea. The right way would have taken years, incentives, and loans to industry to shore up US manufacturing, but those greedy fucks usually just soak up the money and shrug their shoulders without actually improving much. Now they get to suffer, too.