Media (e.g. CBS) assumes tariffs will be good in the long term

[Anonymous]

John Dickerson and other analysts on Facebook the Nation seem to believe manufacturing will glcome back to US after "short term" pain.

Given the complexity of global supply chains, I have to wonder if the pain will really be short term or permanent. Many countries tried import substitution in the past and failed, and that was before global supply chains got so complex.

[Anonymous]

Media has been bending over backwards carrying water for Trump.

[Anonymous]

Incompetent morons. They should have read a basic econ 101 book.

[Anonymous]

Well, other analysts are saying the opposite.

For example, Trump’s first-term tariffs reduced total manufacturing employment by a net 2.7%, Aaron Flaaen and Justin Pierce, economists at the Federal Reserve Board, wrote in 2024. That’s after accounting for a 0.4% boost to employment in manufacturing jobs protected by tariffs, they found.

The 2018-19 trade war “failed to revive domestic manufacturing” and actually reduced jobs in the broad manufacturing sector, Strain wrote.

The share of U.S. employment coming from manufacturing jobs has been falling since the end of World War II, largely because technological advances have increased workers’ productivity, Strain said. It would be more helpful to direct economic policy toward connecting workers to jobs of the future, he said.

https://www.cnbc.com/2025/03/10/do-tariffs-protect-us-jobs-and-industry-economists-say-no.html

Even people in Trump's admin have stated that bringing in manufacturing won't result in a lot of manufacturing jobs because of automation.

Brennan added: “You said that robots are going to fill those jobs. So those aren't union worker jobs.”

“It’s automated factories,” Lutnick conceded, while promising that American workers would build and “operate” the factories brought to US shores in the coming months and years.

https://www.independent.co.uk/news/world/americas/us-politics/howard-lutnick-trump-tariffs-factories-b2728463.html

[Anonymous]

Kissing the ring.

Manufacturing plants don’t pop up overnight, and that’s assuming anyone will make large scale capital investments in this economic climate.

[Anonymous]

Anonymous wrote:Incompetent morons. They should have read a basic econ 101 book.

Please share what your degree is from, expert.

[Anonymous]

MIT

[Anonymous]

Grifters. So many of these people should still be in prison and stupid people voted to put them in office.

[Anonymous]

Our allies are just making deals with one another and leaving us out. We are but one country in a very large global economy and shooting ourselves in both feet.

[Anonymous]

Now they have to grease Trump’s palms to get around the tariffs. He’ll personally profit from the misery. We have decades of evidence that this is how he operates.

[Anonymous]

That's always been the MAGA argument - temporary pain for longtime gain. It's a great deflection because you can't really ever prove them wrong when the response is always "just wait..."

[Anonymous]

Anonymous wrote:MIT

I am with ^

[Anonymous]

Anonymous wrote:Our allies are just making deals with one another and leaving us out. We are but one country in a very large global economy and shooting ourselves in both feet.

+1 The US has lost its preeminence in the world. I feel so badly for my kids who in college/HS. They will have less opportunities than I had when I came out of college in the 90s.

Even those who don't go to college won't have as many opportunities because the manufacturing jobs Trump keeps saying will come back aren't going to be creating large union jobs. Those jobs will be automated, and while there will be jobs to fix the machines, they won't be union jobs nor will there be a large number of such jobs. Instead, there will be less demand for goods due to higher prices and wages being stagnate.

[Anonymous]

Common sense suggests that manufacturing is about infrastructure making products efficiently and effectively while Econ/tariffs are a financial function only. The 2 are separate things. Just because you take away Products as options via tariffs does not guarantee manufacturing quotas. If you have both you can leverage them to work together but you cannot use one to make the other stronger as it's 2 separate functions.

So whatever you want to say about tariffs, the strength of US manufacturing is a separate conversation.

[Anonymous]

The Media wants maximum chaos in order to sell more clicks. Anything they advocate is bad.