RE: Why Trump's Trade War with Increased Tariffs Is Beneficial for U.S. Citizens: Lessons from Australia's Automotive Industry
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The difference is, that’s assuming there is an industry left to protect.
For example, if you need to put 100% tariff on Chinese EVs just so Tesla and other companies can compete, things must look pretty dire.
I’m doubting American “entrepreneurs” resolve to invest back into their own country than just cut jobs and wait Trump out.
Not to mention, I doubt most Americans would be okay to persevere 10-15 years to “reshore” those outsourced industries.
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100% agree and I touch on it in the article and the impacts it has had on Australia especially when COVID hit and we had a lack of manufacturing skills which saw the military brought in to manufacture
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