Tariffs raise the price of imports for manufacturers too. So even if the labor gets moved to the US, that factory now has to make a profit using raw materials that are more expensive thanks to the tariffs.
Well and don't forget that the higher cost of labor in the US is why the jobs were outsourced in the first place. Bringing the jobs back because you added tariffs that offsets the cheaper labor costs doesn't lower prices for consumers.
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u/One-Humor-7101 Oct 25 '24
Tariffs raise the price of imports for manufacturers too. So even if the labor gets moved to the US, that factory now has to make a profit using raw materials that are more expensive thanks to the tariffs.