Trump’s aggressive reshoring push could cost tech firms $230 billion, CTA estimates.
One of Donald Trump’s biggest goals as president is to increase domestic manufacturing and reshore supply chains so that the most in-demand technologies in the world can be 100 percent made in the United States.
By executive order last December, he launched his “Genesis Mission,” an ambitious plan seeking to leverage US dominance in AI to maintain or seize an edge in advanced robotics, biotechnology, semiconductors, and nuclear technologies. According to Trump, that plan works best with self-sustaining supply chains. Not even neighboring countries or longtime allies should be relied upon to manufacture a single component of any US product in his ideal world.
The Consumer Technology Association (CTA) has long warned that Trump’s reshoring goals are not grounded in reality, but only recently has America’s largest technology trade association attempted to estimate what it would cost businesses and consumers to follow through on Trump’s plan.
Ars Technica – All content Read More
About The Author
