r/usanews • u/Majano57 • 2d ago
Trump says it could take 2 years before tariffs result in American manufacturing boom
https://abcnews.go.com/Politics/trump-2-years-tariffs-result-american-manufacturing-boom/story?id=12048609938
u/TyrellCorpWorker 2d ago
Umm, more like 5 to 10 years yet we’ll be too poor to afford what goods cost.
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u/Exodys03 2d ago
Sure. In a matter of a few days, we've gone from "tariffs are going to make everybody rich!" to "I meant to crash the markets and it's going to take years for them to recover". He removed some 10 trillion dollars from the economy in a matter of days but hey... at least the rest of the world is suffering along with us.
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u/WalterFromWaco 1d ago
Maybe what we need is some large tax cuts for big businesses to get all this new manufacturing started is what I'm expecting to hear next.
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u/Heartless1988 17h ago
Have you heard of the miracle that is called "trickle-down economics"? Any day now you'll reap the benefits, any day now...
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u/DarkGamer 2d ago
Trump is a gift to our national enemies
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u/TyrellCorpWorker 2d ago
You know Putin is partying
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u/KernunQc7 2d ago
Fmr Amb John Bolton a month ago: "They're drinking vodka straight out of the bottle in the Kremlin right now."
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u/Chib_le_Beef 2d ago
Just enough time for Trump and billionaires to complete looting the country...
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u/vid_icarus 2d ago
Hahahahhahahaha! Holy lol. Oh man, despite all this gloom and doom it’s nice of Trump to try and bump it up with such a funny joke.
2 years? Try 2 decades.
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u/noburdennyc 1d ago
In theory it will help american manufacturing, but yeah it takes time to build factories, so yeah give it 20 years.
Biden was trying to give money to businesses to build these factories.
Maybe if we combined the two along with giving companies a heads up before blowing the whole thing up?
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u/ndncreek 2d ago
Manufacturing is NOT coming back. The cost to build factories or even try to retool some is not cost effective. To train employees and then pay them a wage is not cost effective. The fact that these Corporations have already invested overseas and have been making huge profits off cheap labor and construction costs and the cost of materials, and will continue to do so. They have no incentive to start over here in the US. They will simply pass the cost on to the consumer as they have done throughout history.
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u/CelestialFury 2d ago
Yeah, it's simple really: if it's cheaper to pay the Trump Tax than relocate everything back in the US, then they'll just pay the tax and push it to the customers... like all the other companies. Trump is truly delusional if he thinks this is going to work, but it seems
Trump's team is using ChatGPT to make the tariff prices in the first place and no one in the admin can explain why their taxes are they way they are, so our nation is in the hands of the stupidest Americans possible.
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u/CHiggins1235 2d ago
So 2 years of devastation before things start to look better or in other words 2 years of economic depression before the economic chaos starts to get better.
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u/Inspectorgadget4250 2d ago
My 401k won't survive 2 years...yout tariffs pissed 7 TRILLION AWAY in Q1.
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u/Adventurekateer 2d ago
Just in time for the House and Senate to get Democratic majorities and turn this train around!
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u/Unstoffe 2d ago
To be fair, it will take two more years to destroy all worker protection before we are all doomed to endlessly labor in unsafe factories.
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u/HeyTherehnc 2d ago
Extreme violence occurs when people are no longer able to feed their families. We are very, very close to that already. 2 years guarantees massive uprisings and likely the start of the next civil war. Which if I had to guess is the goal, but what do I know? I’ve just been paying attention.
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u/michaelozzqld 2d ago
In 2 years the economy won't have the ability to begin investing in manufacturing infrastructure
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u/bigred9310 2d ago
Great two years of higher price pain. Higher prices which 130 Million People who are Retired, On SSI, or SSDI will spend even a larger portion of their income on Commodities like Food and Heating, Rent, Utilities, Phone, Water, Sewer etc.
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u/UnusualAir1 2d ago
Unlikely. Corporations desire a country that has a steady and calm population capable of providing the workers needed. A country that does not wildly swing between tax rates. A country that does not haphazardly start world-wide trade wars. In short, they will build out their businesses in relatively sane countries. Look around our MAGA led USA. There's very little of any of that here.
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u/Emergency_Property_2 2d ago
Trump and the Republicans won’t last two years at this rate. One day in and even Ted Cruz is make noise. The markets are not about to recuperate and the shit is about to hit the fan.
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u/BombedShaun 2d ago
And they think it’s going to bring well paying jobs if it does. If they do manufacture here it will be mostly automated and the parts that aren’t won’t be well paying jobs.
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u/ClutchReverie 1d ago
So why didn't he announce there would be tariffs in two years before implementing them to give companies a chance to prepare?
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u/Rich-Appearance-7145 1d ago
Fact Trump never even had a concept of a plan for the Tariffs in terms of a National nor International outcome. And based on the reaction of once ally countries Trump done screwed the pooch on this bonehead move. Once ally countries are now forming alliances with China.
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u/SurrrenderDorothy 1d ago
1, Tarriffs raise prices.
people stop buying.
Companies stop manufacturing.
People are laid off.
Less buying. Less making.
Splat. too late for american made.
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u/trippedonatater 2d ago
Number one rule for getting away with scamming people: convince them they haven't been scammed. "The payoff is almost here" is an effective way to do that.