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Originally Posted by kkingston57
Can be temporary? Temporary is probably at least 2 years. American companies would need a huge cash investment, find and hire qualified workers, work out supply chains and logistics and hope they still can compete with slave labor countries. This has been going on after the affects of WW 2 ended and is not going to be fixed overnight
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The tariffs start now. The consumer will pay the tariff now. The tariff will be paid until the product is made in the US. Pick a time - No better yet define what is "made in the USA"? Assembled? A percentage of parts? Origin of raw materials?
So now let's imagine all the millions of products that were not made in USA are. You can pick a date. We are told unemployment is at 4%. How many people will it require to staff all these new ventures? We can't find enough people to fill the wait staff at restaurants right now. When unemployment hits rock bottom the employee can dictate the terms of employment. They will dictate higher wages. Higher wages will also equal inflation.
This scenario assumes the economy somehow doesn't crash before all the plants are built due to higher prices equal less demand (affordability) and we go into a recession.