The United States bought more goods from Mexico than China in 2023 for the first time in 20 years, evidence of how much global trade patterns have shifted.
They did work, to a point, but were also pretty hurtful to US economy. The company I worked for, which shall not be named, decided to move a sizable chunk of product manufacturing to Malaysia, and is (was?) considering Mexico as well, all because of the tariffs. This caused the stock to tank, and money was lost, but then, it proved pretty handy when covid hit.
I don’t like Trump, and I didn’t like the way tariffs were implemented, but I strongly agree the US needs to be less dependent on China. Tariff did the job somewhat, so I guess it wasn’t a completely wrong decision.
They did work, to a point, but were also pretty hurtful to US economy. The company I worked for, which shall not be named, decided to move a sizable chunk of product manufacturing to Malaysia, and is (was?) considering Mexico as well, all because of the tariffs. This caused the stock to tank, and money was lost, but then, it proved pretty handy when covid hit.
I don’t like Trump, and I didn’t like the way tariffs were implemented, but I strongly agree the US needs to be less dependent on China. Tariff did the job somewhat, so I guess it wasn’t a completely wrong decision.