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Tariffs Harm Consumers and Economy
- Trump's tariffs are a misguided and destructive economic policy that raises prices on everyday goods for American consumers.
- They fail economically because they tax imports without effectively restoring manufacturing or balancing trade deficits.
Manufacturing Decline is Structural
- The decline in American manufacturing jobs is driven by automation and a shift toward services, not just globalization.
- Tariffs cannot reverse this economic reality and may actually disrupt existing U.S. manufacturing.
Haas Automation Cuts Production
- Haas Automation, a manufacturer of factory tools, cut production and hiring due to decreased demand linked to tariffs.
- This example shows tariffs are making American manufacturing more difficult, not easier.