Tariffs don't help onshore manufacturing when they apply to the materials that the manufacturing needs and might evaporate before the manufacturing capability is actually created. Tariffs needs to be applied carefully and consistently to actually encourage this.
replySure, I’m just saying the article was pretty long but pretty short and declarative on the impact of tariffs. Earlier in the article for example is said there was still a factory in the US where the magnetic core material was made.
replyWe had targeted policies under Biden to increase US production of grid components. This entailed invoking the DPA and setting aside millions for manufacturing improvements. Trump paused all that and created blanket tariffs that don’t seem like they’re designed to onshore US manufacturing of these very specific components but do increase all the material costs. This is not an easy thing to fix with dumb tariffs, and it’s really easy to make everything worse.
replyI’m just noting the article doesn’t have anything specific of value to say about tariff’s. This is not directed at you but rather the reporters: I can read general opinions on tariffs or political parties anywhere; I need details relevant to transformers here to not just ignore other opinions
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