We spent several billions of dollars rebuilding a supply chain in automotive, energy, and semiconductor inputs (not just chips but the associated materials, processing, and gases used in fabrication) via the IRA, IILA, and CHIPS Act.
We need to incentivize American manufacturers to utilize that supply chain instead of co-mingling foreign inputs in an attempt to maximize margins while having taken advantage of the tax and cash incentives used when availing the aforementioned benefits during the Biden admin.
Tariffs are the easiest way to allow the American ecosystem to actually redevelop and stick, instead if wisping away due to malicious compliance. The Biden admin even considered adding similar barriers, but decided against it because they didn't want to risk a protracted trade war during a competitive election cycle.
Furthermore, most consumer goods and a number of industrial goods that would hurt the "average American's" pocketbook have alternative supply chains like Philippines, Brazil, Turkiye, India, Mexico etc that have now been made cost competitive compared to Chinese inputs.
We need to incentivize American manufacturers to utilize that supply chain instead of co-mingling foreign inputs in an attempt to maximize margins while having taken advantage of the tax and cash incentives used when availing the aforementioned benefits during the Biden admin.
Tariffs are the easiest way to allow the American ecosystem to actually redevelop and stick, instead if wisping away due to malicious compliance. The Biden admin even considered adding similar barriers, but decided against it because they didn't want to risk a protracted trade war during a competitive election cycle.
Furthermore, most consumer goods and a number of industrial goods that would hurt the "average American's" pocketbook have alternative supply chains like Philippines, Brazil, Turkiye, India, Mexico etc that have now been made cost competitive compared to Chinese inputs.