The Trump administrationās tariff scheme appears less and less likely to bring manufacturing jobs back to U.S. shores.
Businesses across the country are crunching the numbers and realizing that, despite Donald Trumpās insistence, they canāt balance out his tariff hikes across the supply chain.
āSome manufacturers who had plans to open factories in the country say the new duties are only adding to the significant obstacles they already faced,ā Bloomberg reported Friday.
Thatās because the supply chain to produce those goods in the United States simply isnāt there, requiring companies to import raw materials and factory equipmentāwhich Trumpās tariffs have made unaffordableāfrom abroad.
Gamers Nexus just talked to some PC manufacturers about this.
āWe assemble PCs, made in America from these partsā
(motherboard, CPU, graphics card, PSU, ā¦)
So what if, for example, the motherboard manufacturer moved to the US?
Well thatās an assembly of a hundred or so other Chinese components. And the equipment needed to manufacture it would need to be imported.
Ok, but what if all those hundreds of factories were built in the US?
Well, they all use imported aluminium and steel and plastic, etc., and require their own imported machines to produceā¦
āIs any part of your PC entirely made in the US?ā
āThe shipping labels? And maybe some packagingā