tariffs could work if you’re not the US. the problem is the US doesn’t make anything.
for normal countries you could use tariffs to encourage products made inside the country. but for that to haopen:
you need the products to already be manufactured inside the country
you need to have targeted tariffs that apply specifically to those products and not blanket tariffs that would apply to each and every part of product, which would make it infinitely more expensive to manufacture inside the country than outside.
so for example if your country has a decent production of bananas but people for some reason prefer to buy imported bananas way more than homemade ones, you might have some tariffs on bananas to try and reduce waste.
for that to be effective, you can’t also have tariffs on soil, farming equipment and whatnot that might be going into your homemade potato production. otherwise you’d have homemade potatoes more expensive then imported ones.
Pretty much every country, including US, has successfully applied targeted tariffs to specific things for specific reasons. Usually you’re protecting an existing industry, but you could even build a supply chain by balancing it with targeted incentives, and bringing them together with a long term strategy to grow that specific segment.
tariffs could work if you’re not the US. the problem is the US doesn’t make anything.
for normal countries you could use tariffs to encourage products made inside the country. but for that to haopen:
so for example if your country has a decent production of bananas but people for some reason prefer to buy imported bananas way more than homemade ones, you might have some tariffs on bananas to try and reduce waste.
for that to be effective, you can’t also have tariffs on soil, farming equipment and whatnot that might be going into your homemade potato production. otherwise you’d have homemade potatoes more expensive then imported ones.
Blind, overall tariffs can’t work anywhere.
Pretty much every country, including US, has successfully applied targeted tariffs to specific things for specific reasons. Usually you’re protecting an existing industry, but you could even build a supply chain by balancing it with targeted incentives, and bringing them together with a long term strategy to grow that specific segment.