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US Politics

Trump says the ultimate fruits of tariffs will be worth the pain. Experts disagree.

USA Today
Summary
Nutrition label

82% Informative

Trade experts say it's unlikely a significant share of makers with overseas factories will move around the world under the threat of on-again, off-again tariffs.

Those that do would have to grapple with severe shortages of skilled workers.

Trump ’s tariffs during his first term led to more job losses in industries forced to pay the higher duties than gained in sectors protected by the import fees.

Manufacturing jobs in the U.S. are down from 17.3 million in 2000 to just 8.4% of the nation’s workforce, Labor Department figures show.

Manufacturers are taking a cautious approach to bringing production back to the United States .

Some American companies are weighing bringing production to Canada or Mexico than to the US , a supply chain expert says.

Manufacturers must be willing to make big investments in uncertain environment in which tariffs have increased recession risks and weakened customer demand.

Manufacturers that make more solar panels or cars in America , for example, will be stuck paying Trump ’s tariffs for Chinese solar materials or Mexican auto parts.

Prevelo Bikes CEO Jacob Rheuban : "It's so volatile I feel like I could wake up any day and there'll be a 50% tariff on everything".

VR Score

86

Informative language

87

Neutral language

47

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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