Source: The Daily Economy
by Peter C Earle
“Bringing manufacturing back to the US is a complex challenge that requires a realistic assessment of economic, logistical, and structural factors. While political rhetoric often frames reshoring as a straightforward solution to job losses and trade imbalances, the reality is more nuanced. It’s one thing to incentivize existing manufacturing firms to relocate to the US; it’s another to rebuild entire supply chains and industrial ecosystems that have lain fallow. Simply imposing tariffs or offering subsidies won’t undo decades of economic shifts overnight. Instead, a sober approach requires acknowledging the trade-offs, understanding which industries can feasibly return, and recognizing that reshoring may not necessarily lead to the same kind of job growth that manufacturing once provided. This creates a difficult, perhaps insurmountable, trade-off.” (03/31/25)