博彩评级网-博彩网_百家乐投资_全讯网新2

position: EnglishChannel  > Insight> Trump Tariffs to Erode America's Own Might

Trump Tariffs to Erode America's Own Might

Source: Science and Technology Daily | 2025-04-24 10:38:58 | Author: By LIN Yuchen & HU Dingkun

U.S. President Donald Trump's fresh weaponization of tariffs against the whole world is not a sustainable solution. The "reciprocal tariffs," rooted in economic nationalism, will not revive America's manufacturing sector. On the contrary, it is more likely to harm it.

Empirical evidence and expert analyses suggest that the strategy is fundamentally flawed. According to an analysis by the ING Group, the cost of reshoring manufacturing is prohibitively high. Only high-value-added sectors, accounting for merely 10 to 15 percent of total U.S. imports, might consider returning home.

Intel's case is a representative example. A U.S.-based Intel fabrication plant demands up to 10 billion USD in investment and a workforce of approximately 6,000 employees, alongside a construction timeline spanning three to five years. This scale of investment is not easy to justify when the political and economic conditions remain uncertain. Most manufacturers, when faced with this risk, will continue to rely on existing overseas facilities rather than gamble on an unstable policy landscape.

Meanwhile, retaliatory tariffs from America's trading partners are emerging, and they threaten to undermine the very sectors the U.S. seeks to protect. ING originally projected that U.S. domestic manufacturing output could grow by three percent in 2025, bolstered by favorable regulatory and tax policies. That estimate has now been revised down to one percent in light of the tariff escalation.

Protectionism begets counter-protectionism, triggering a chain reaction that fragments global markets and diminishes export competitiveness.

Besides, the tariffs have done nothing to address the structural issues plaguing U.S. manufacturing. Since the 1950s, the share of manufacturing jobs in the American labor force plummeted from 30 percent to just 8 percent. The U.S. economy has evolved into a service-dominated model.

Manufacturing wages in the U.S. are on average 2.5 times higher than in South Korea, and labor shortages persist — particularly in skilled trades like welding, which has a national shortfall of over 300,000 workers.

Raising tariffs may inflate the prices of imported goods, but will not reduce domestic labor costs, retrain workers, or reverse decades of economic transition. The cost of living and production expenses across nearly every industry could witness an increase.

According to the Budget Lab of Yale, American households will pay an additional 3,800 USD annually as a result of the latest tariffs. Over 80 percent of the tariff burden is expected to be passed directly to consumers. From farms that rely on imported wire mesh to AI data centers that require precision electrical components, every sector will be affected.

The scope of this disruption is vast. In 2024, the U.S. imported goods worth 3.3 trillion USD, while its total manufacturing output contributed less than three trillion USD to GDP. The math is revealing: America imports more than it produces domestically. There may be room for reshoring, but it is limited. What level of reshoring does the U.S. government envision? Over what time frame? What are the thresholds for success or failure that would warrant a policy reversal? At present, there are no clear answers.

History has shown tariff wars have no winners. Economic protectionism, dressed as patriotism, inflicts more harm than it prevents. The aggressive U.S. tariff measures, particularly toward China and other key partners, are self-defeating. Rather than reviving American industry, they risk isolating the U.S. from global supply chains and inviting economic retaliation. The true path to industrial revival lies not in walls, but in innovation, investment, and international cooperation.


Editor:林雨晨

Top News

Energy Cooperation Gets New Direction

?Chinese President Xi Jinping sent a congratulatory message to the 7th China-Russia Energy Business Forum in Beijing on November 25, sparking enthusiastic responses from various sectors in both countries.

WEEKLY REVIEW (Dec.3-10)

Liang Wenfeng, founder and CEO of the Chinese AI firm DeepSeek, and "deep diver" Chinese geoscientist Du Mengran are on the annual "Nature's 10" list, which highlights 10 people at the heart of some of the biggest science stories of 2025.

抱歉,您使用的瀏覽器版本過低或開啟了瀏覽器兼容模式,這會影響您正常瀏覽本網頁

您可以進行以下操作:

1.將瀏覽器切換回極速模式

2.點擊下面圖標升級或更換您的瀏覽器

3.暫不升級,繼續瀏覽

繼續瀏覽
在线百家乐官网赌场| 百家乐官网单机游戏下| 金赞娱乐成| 赌博药| 百家乐官网澳门百家乐官网| 跪求百家乐官网打法| 百家乐桌子豪华| 大发888官网 官方| 博E百百家乐官网娱乐城| 百家乐路纸表格| 水果机教程| 百家乐官网赌缆十三式| 百家乐官网平注法亏损| sp全讯网新2| 百家乐官网投注外挂| 百家乐做庄家必赢诀窍| 狮威亚洲娱乐城| 百家乐神仙道礼包| 财神娱乐城| 大发888娱乐场电话| 百家乐官网单跳投注法| 百家乐长路投注法| 顶级赌场是真的吗| 送彩金百家乐官网平台| 有钱人百家乐的玩法技巧和规则| 孟州市| 做生意的门的方向| 大发888官网充值| 百家乐官网玩法官网| 水果机的规律| 百家乐官网技巧平注常赢法| 百家乐官网从哪而来| 全讯网娱乐353788| 2024地运朝向房子| 澳门百家乐官网在线| 大发888优惠红利代码| 新宝百家乐网址| 西乌珠穆沁旗| 百家乐怎打能赢| 菲律宾百家乐官网娱乐平台| 大发888游戏是真的吗|