Explain Like I'm Five

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If Trumps tariffs go thru would that not cause the countries the tariffs are imposed on just raise their prices? And a result of that hurt the american consumer? Why do it to begin with? (lemmy.world)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 3 days ago (1 children)

It will increase automated manufacturing. We manufacture about 3 times as much stuff today in the US as we did in 1970. The problem is that we are doing it with 1/1000 the workforce. It will add very few jobs, just a lot more robots.

[–] [email protected] 5 points 3 days ago

Very few is key here. The robots have to come from somewhere so those people win. A lot of those types of robots are bespoke for the location and even if they also have tariffs on getting them it's an upfront cost and will be only paid once so there is a huge difference between a single purchase, and sourcing product or material for your own manufacturing or sale

Robots will need maintenence so theres some jobs production jobs converted to maintenence, and that will be better for those specific jobs, but not to everyone else