The NPR Politics Podcast Made In America? It's Trickier Than It Sounds.
Jun 19, 2023
The complexities of the U.S.-China trade relationship take center stage. Tariffs from the Trump era still affect American businesses today, leading to unexpected challenges in manufacturing. Insights from industry leaders reveal the struggle to balance protectionism with the need for competitive practices. The ongoing political discourse surrounding these tariffs raises questions about the future of American manufacturing and its implications for upcoming elections.
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MISCO's Tariff Trouble
- Dan Diggory, CEO of MISCO, struggles with tariffs on Chinese parts.
- He pays 25% on parts, but only 7.5% on finished speakers, incentivizing Chinese production.
Unintended Consequences
- Trump's tariffs aimed to boost US manufacturing.
- Ironically, some manufacturers now produce less in America due to tariff structures.
Initial Reactions to Tariffs
- Trump's trade war shocked the economic system and faced criticism.
- Biden, while campaigning, questioned Trump's approach and highlighted its negative impacts.