No. Trump got manufacturers to expand by just cutting a little bit of regulations. Regulations are one of the reasons areas are more expensive to live in compared to others. Companies would bring at least some back, because dealing with overseas vendors is not free. You can't just change specifications or change order quantities quickly. You have to plan months in advance.
So you'll get stuck with too much of some things sometimes and have to refuse orders you can't fulfill in time. The blue is selling way better than we thought but we have lots of red. But we have more red on the next boat, and blue is the one next month. Mexico should rightfully be like China because it is right there, but they have lots of regulations that people don't know about.
No, manufacturing came back because there was a 20% tariff on Chinese goods; the deregulation helped, bit wasn't the primary cause. This isn't a matter of opinion, it's literally math. Regulations do increase cost of production, but only a few percent, and is nothing compared to the cost of tariffs.
The 20% tariff makes China less competitive with every other country, but does not make the US second choice on the list of where to manufacture. You can shift to Taiwan, Thailand, Vietnam, even India to a growing extent. But make the US easier and cheaper to manufacture in and it becomes more competitive relative to every other choice out there.
Even if you had none of those, China would still outcompete us because of differences in cost of living. We need tariffs and no immigration.
No. Trump got manufacturers to expand by just cutting a little bit of regulations. Regulations are one of the reasons areas are more expensive to live in compared to others. Companies would bring at least some back, because dealing with overseas vendors is not free. You can't just change specifications or change order quantities quickly. You have to plan months in advance.
So you'll get stuck with too much of some things sometimes and have to refuse orders you can't fulfill in time. The blue is selling way better than we thought but we have lots of red. But we have more red on the next boat, and blue is the one next month. Mexico should rightfully be like China because it is right there, but they have lots of regulations that people don't know about.
No, manufacturing came back because there was a 20% tariff on Chinese goods; the deregulation helped, bit wasn't the primary cause. This isn't a matter of opinion, it's literally math. Regulations do increase cost of production, but only a few percent, and is nothing compared to the cost of tariffs.
The 20% tariff makes China less competitive with every other country, but does not make the US second choice on the list of where to manufacture. You can shift to Taiwan, Thailand, Vietnam, even India to a growing extent. But make the US easier and cheaper to manufacture in and it becomes more competitive relative to every other choice out there.