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Here are some very good indebt debates by people on both sides of the issue, from liberal/democrats, to republicans, MAGAs and libertarians, from businessmen to lawyers and economists. I think people should be listening to as many debates on this issue as possible, from people who can go in-depth on the issue of tariffs, to cut out the noise in the news and media, getting great POVs. What we want is real information, with real insights into how some of the top minds are seeing this issue develop, and potentially end up. And the real meat of this issue is turning into a focus on USA vs China, the #1 and #2 economies in the world.
On the issue of Tariffs, I just want to leave you with some thoughts and structural changes required that can take years, years that go beyond Trump’s term. This pursuit of “onshoring” and reigniting domestic capabilities is potentially a pursuit that can take a decade.
What America is facing to “onshore” and bring home domestic capabilities is:
- build more manufacturing facilities,
- more automation capabilities or right workforce to work them,
- fundamentally optimize energy infrastructure and independence,
- the know how and skills associated with these technical and complex industries,
- and the need for specialty tools/equipment.
The people who live in America, who are also the guides of their youth of America must adopt this into their culture to truly fundamentally/structurally bring a profound and meaningful change to their domestic capabilities if they are going to pursuit this effort.
Another thought on the issue of “DOLLAR STRENGTH” in the face of this Trump objective:
- Are tariffs in pursuit of “onshoring” manufacturing and production of goods imported from other countries not a trend of de-dollarization? The sort of unintended consequences of a situation where you have enhanced domestic capabilities, but diminished the use of the dollar in the global economy – the strength of the dollar’s utility. The privilege of a reserve dollar has allowed the USA to export its currency across the globe, and import goods from other countries which has precisely reinforced the strength of the US dollar’s utility. But in this current onshoring pursuit, does the US dollar get exported less? Does that equate to a diminished utility of the dollar?
Nic Tartaglia’s MacroΩInsights
I am obsessed with the macro world, where I seek to dissect and understand the ever-changing dynamics of the world on a monthly basis through a Political, Cultural & Economic lens.
