Trump says the ultimate fruits of tariffs will be worth the pain. Experts disagree. [Yahoo! Finance]
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Source: Yahoo! Finance
inflation for American households with the prospect of much steeper price increases ahead. Trump says the ultimate prize – spurring more production in the U.S. and reclaiming the nation's status as a manufacturing stronghold – will be worth the turmoil. “Tariffs are about making America rich again and making America great again. And it's happening, and it will happen rather quickly,” Trump said during a joint address to Congress early in March. “There will be a little disturbance, but we're OK with that,” he added. “It won't be much.” Is he right? Amid Trump's tariff threats, a handful of large manufacturers have said they'll locate factories or new production in the U.S., including Hyundai, Honda and Apple. But trade experts and economists say it's unlikely a significant share of makers with overseas factories will move established supply chains halfway around the world under the threat of on-again, off-again tariffs whose duration is uncertain in a tumultuous economic cl
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