America Underestimates the Difficulty of Bringing Manufacturing Back

On April 2nd, 2025, our president announced major new taxes on imports from foreign countries (“tariffs”), ranging from 10% to 49%. The stated goal is to bring manufacturing back to the United States and to “make America wealthy again”. These tariffs will not work. In fact, they may even do the opposite, fail to bring manufacturing back and make America poorer in the process. This article gives…