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Cake day: July 1st, 2023

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  • My partner works in an industry where they have and the other companies are poising themselves to take advantage of Trump’s tarrifs. Prices will rise for the US consumer, but offshore manufacturers will provide an exclusive manufacturing service because it’s cheaper to buy the product from them than it is to manufacture domestically. This will continue to be the case until the US manufacturing infrastructure rushes to react (over years) and struggling to find a workforce to fill it.

    So, nothing has changed, but US consumers will be much more dependent on other nation’s products, especially in certain industries. It’s simply cheaper to get the final product from international brands than buy the ingredients, let alone set up the infrastructure.