Trump’s tariffs help even the score against predator nations
BALTIMORE — One only needs to take an Amtrak train bound from here to Philadelphia to witness scores of abandoned factories — all victims to one- sided U. S. free- trade pacts with cheap labor countries like China.
While there is a valid argument that America’s industrial base was overtaken by technological advances, such as automation and robotics, the fact that even modern American manufacturing plants have joined the ranks of the abandoned show how nations like China, Mexico and India are capturing America’s technoindustrial base.
Companies like Apple, Carrier, Leviton, Whirlpool, La- Z- Boy and Harley- Davidson were eager to outsource their manufacturing to foreign locations, where cheap labor abounds.
Trump’s tariffs leave these and other countries with a simple choice: Either maintain or return manufacturing of their products back to America or face a punitive import tax on goods imported from their factories abroad.
President Donald Trump’s imposition of “fair trade” tariffs has worked the way it was intended consequences of Trump’s tariffs. Some manufacturers of automotive parts have even moved back to Michigan from China.
Overall, Trump’s tariffs are having the desired effect in key industries.
One is medical technology, an area in which the United States always excelled. For instance, Insulet Corporation, the manufacturer of insulin delivery systems, is moving its plant from China to Massachusetts. Other bioindustry and pharmaceutical firms are relocating manufacturing from China and Europe to states like New Jersey and Rhode Island.
Level- headed trade policies by Trump have also seen the U.S. semiconductor industry return some of its manufacturing jobs from China, Malaysia and Taiwan to American shores.
Trump’s tariffs have come under fire from some traditional economists.
In the long- run, however, America will be better off for adopting a sane trade policy. And polls show that many voters are prepared to endorse when they go vote in the upcoming midterm elections.