A stated reason is bringing manufacturing back to the US, just one of many various, contradicting reasons that have been thrown out there. The administration has been throwing so many different justifications at the wall that shift over time; there hasn't been a commitment to any actual stated goal.
And indeed some of their actions don't even line up with bringing manufacturing back to the US as a goal; like the whole concept of 'reciprocal' tariffs being different country-by-country. And making a big deal out of 'making deals' with countries to lower tariffs.
Not to mention that if bringing manufacturing back to the US was really a primary goal, there are better ways to accomplish it than forcefully and recklessly driving the US into a deep economic contraction -- because it'll mean investing a lot of capital in building a lot of manufacturing capacity, and business doesn't like investing huge amounts of capital during a downturn, and we're on the cusp of the mother of all downturns because even if capital gets sank into rebuilding domestic manufacturing, it's going to take years before it can come online.
What I think is really going on is that a lot of wealthy people got wealthier by exploiting opportunities that arose from the 2008 crisis; and they want another bite at the apple, so one is being manufactured.
And indeed some of their actions don't even line up with bringing manufacturing back to the US as a goal; like the whole concept of 'reciprocal' tariffs being different country-by-country. And making a big deal out of 'making deals' with countries to lower tariffs.
Not to mention that if bringing manufacturing back to the US was really a primary goal, there are better ways to accomplish it than forcefully and recklessly driving the US into a deep economic contraction -- because it'll mean investing a lot of capital in building a lot of manufacturing capacity, and business doesn't like investing huge amounts of capital during a downturn, and we're on the cusp of the mother of all downturns because even if capital gets sank into rebuilding domestic manufacturing, it's going to take years before it can come online.
What I think is really going on is that a lot of wealthy people got wealthier by exploiting opportunities that arose from the 2008 crisis; and they want another bite at the apple, so one is being manufactured.