I think semiconductors are exempted at least initially
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If you want to boost manufacturing and bring back jobs targeted tariffs are the way to do it. Across the board tariffs, like what this moron implemented, won't work because one country cannot simply have the whole supply chain within its borders. Also, it's not even clear whether he wants to use them as a negotiating tactic, or simply balanced the trade by increasing the cost of exporting to the US for other countries.
Given midterm elections are in 19 months, and real chance of deep recession, there's not any room for doing shit like this. This society cannot take a shock like this.
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If you want to boost manufacturing and bring back jobs targeted tariffs are the way to do it. Across the board tariffs, like what this moron implemented, won't work because one country cannot simply have the whole supply chain within its borders. Also, it's not even clear whether he wants to use them as a negotiating tactic, or simply balanced the trade by increasing the cost of exporting to the US for other countries.
Given midterm elections are in 19 months, and real chance of deep recession, there's not any room for doing shit like this. This society cannot take a shock like this.

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I can promise you, this won't happen. The over ~50 year old generation is incredibly soft and can't handle any slight amount of discomfort.

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