Part 5/9:
To illustrate the financial impact more vividly, consider the case of my product’s packaging. The production costs for basic labels in the U.S. soared—crying out for nearly $7,000 for setup and $2 per label compared to just 5 cents each in China. Each component of my product demonstrated staggering price disparities, further dispelling the notion that tariffs would enhance U.S. manufacturing viability.
The push for enhancing local manufacturing space neglects the time and capital required to establish new factories. If a business owner were to invest fifty or a hundred million dollars in building a factory, it could take years before it becomes operational, especially given the uncertainty regarding tariff permanence.