Even with unlimited funds and political will, it has been re -setting up a workforce for years and rebuilding the infrastructure. Formal commercial learning generally requires four years, according to the Office of Labor Statistics. And Intel estimates that the construction of semiconductor manufacturing plants takes three to four years to be completed.
Political uncertainty is another important barrier. Companies hesitate to make long -term investments when commercial policies could change in a few months or less.
Companies “will not even begin to try to hire and train people until they are convinced that there are permanent rates,” said Richard Mansfield, economist at the University of Colorado Boulder. Instead of promoting national production, he said, it is more likely that companies will increase prices, find alternative suppliers, Vietnam, Chile, or both.
That developed during Trump’s first mandate when, under the threat of tariffs, companies moved the production from China to Mexico.
Dennis Hoffman, economist at Arizona State University, framed the impact of the rate more frequently: “You end up hurting consumers throughout the United States.”
Service strength
Meanwhile, an focus on the production of goods overlooks another reality: the United States has a global advantage in exports of business promoted by business, trips and intellectual property.
The surplus of services of $ 25.2 billion of the United States is often hidden from its deficit of goods of $ 156.7 billion.
