Preface: I am not an economist, nor am I particularly smart.
Let's assume, for the sake of argument, that Trump wins in November. Let's also assume that he manages to enact all the various economic policies he's proposing:
- Reducing the size & scope of government
- Bringing jobs back to America by reducing corporate taxes for business making American goods
- Increased taxes (tariffs) for goods made outside America
- Various tax breaks for individuals (no tax on tips, no tax on overtime, etc.)
It seems to me like the tariffs will hit as soon as the law is put in place, whereas the tax breaks won't show until the next tax season. Reviving American manufacturing will take a few years, minimum; until then, the prices for things like semiconductors will be higher, since they're made outside the country.
To be clear, I'm not saying these are bad ideas -- I do think it will benefit the economy in the long term. I just want to know if I should prepare for a short-term crunch, or if I'm reading the tea leaves wrong.
You can't have good decent paying manufacturing jobs in the US, while simultaneously buying everything from China.
The bogeymen billionaires get richer in the process. Using slave labor to sell you cheap crap you dont need, that causes cancer, instead of things you actually need, that are made right here safely.
You also remove a large pollution vector by reducing ocean transport vessels. While reducing the cost to produce sell goods by eliminating the high shipping costs.
It is also a matter of national security. To destroy your own industrial base presents opportunities for your enemies to poison your critical component supply lines, surpass your ability to create weapons, munitions, missiles, etc. And by weakening your manufacturing capacity it reduces your ability to effectively counter global threats, respond to natural disasters, and you essentially become dependent upon your chosen third world factory you've decided to let build your components in defense materials. Its treason.
These are all arguments that should pacify many liberal brained people