Hey there! 📢 Have you ever thought about how the things we use every day are made? From the toys we play with 🎮 to the clothes we wear 👕, they often come from factories around the world!
Recently, an Australian professor named Warwick Powell shared his thoughts on the United States trying to bring back its factories. 🏭 He said that it’s a vain hope to think that just by adding tariffs (which are extra taxes on goods from other countries) the US can revive its manufacturing industry.
But why does he think that? 🤔 Well, Professor Powell explains that the US manufacturing industry has been shrinking for over 50 years! That’s a long time. Simply making things from other countries more expensive might not be enough to rebuild all those factories and jobs.
He shared these thoughts in an interview with a reporter named Guan Xin. They talked about how the world is connected through trade and how it takes more than tariffs to change industries.
It’s like trying to fix a bike that’s been rusty for years. You might need more than just new tires! 🚲 You’d need to clean it, oil it, and maybe replace some parts.
This teaches us that big changes in how countries work together require careful planning and lots of effort, not just quick fixes.
What do you think about this? How do you feel about where things are made? 🌍
Reference(s):
Vain hope to use tariffs to reindustrialize US: Australian academic
cgtn.com
