Part 5/7:
A Different Perspective on Economic Production
Sowell's commentary extends into how these tariffs may affect the United States' position as a consumption-driven economy. The shift towards outsourcing manufacturing to countries like China has drastically transformed the landscape of American industry; now, consumers predominantly find "made in China" labels on products. However, there is an argument to be made regarding the fairness in trade practices and the desire to bring some production back to U.S. soil.