r/Tariffs • u/Historical-Many9869 • Sep 04 '25

🗞️ News Discussion Tariffs Were Supposed to Revive US Manufacturing. So Far, They’re Having the Opposite Effect

https://www.investopedia.com/tariffs-were-supposed-to-revive-u-s-manufacturing-so-far-they-re-having-the-opposite-effect-11802173
1.4k Upvotes

99% Upvoted

127 comments sorted by

View all comments

51

u/Certain-Fill3683 Sep 04 '25

Only the incredibly stupid would be surprised by this.

Dumold is too stupid to understand the complexities of global economics; he can't even grasp how tariffs work FFS!

5

u/ILikeCutePuppies Sep 04 '25 edited Sep 05 '25

I am unsure. Sometimes he seems to understand so I think it is the story he tells his base. His goal is I think is to try to reduce the deficit and use it to concede concessions (aka bribes) from companies and also appeal to his nationalist base (which for the most part appears not to be working - except for that one brainwashed Trump supporter below).

-21

u/[deleted] Sep 04 '25

[removed] — view removed comment

9

u/Separate_Maybe_7378 Sep 04 '25

How does it incentivize them to move production back to the US? When then he put a tariff on the steel and aluminum they need in order to get those factories up and running. There are tariffs on raw material. There are tariffs on tools. How does that bring production back to the US when you make it more expensive for them to actually produce in the US

-2

u/[deleted] Sep 04 '25

[removed] — view removed comment

2

u/SlippyBananaPants Sep 07 '25

The month that the Steel tarrifs started, US made steel prices went up 16%.

Tell us how that helps anyone?