The Commerce secretary was on CNBC yesterday am talking about how the tariffs will bring back manufacturing jobs to US. Then a few seconds later was talking about having Apple (and other companies) make their products in the US using robotics. So very few actual American humans getting jobs.
He's also fond of saying we're going to make trillions from the tariff payments, but we'll all be buying American products. The math does not check out.
The government will take trillions from the American populous, then when all manufacturing comes back to the US, tariff revenue will drop to zero. But Americans will still pay the higher prices to the corporations.
If my Argentinian experience helps, the end result is a few companies having no competition will sell refurbished, defective crap at extremely inflated prices.
A shirt here can cost 120 bucks and if you are lucky it'll last 3 washes, brand new laptots you can take apart and see the solders and tape with notes from the guys who repaired them after they came back for warranties in other countries.
2.8k
u/SchnaapsIdee 1d ago
The Commerce secretary was on CNBC yesterday am talking about how the tariffs will bring back manufacturing jobs to US. Then a few seconds later was talking about having Apple (and other companies) make their products in the US using robotics. So very few actual American humans getting jobs.