Part 6/15:
Reflecting on the impact of tariffs, especially on the automotive industry, expert commentary indicates that tariffs can be both a shield and a sword. While tariffs are intended to protect domestic industries, improper application can act as a harmful tax, increasing input costs and damaging competitiveness. Notably, manufacturing job growth has recently turned negative, raising concerns about the long-term viability of relying on tariffs as a strategic tool.
The consensus is that tariffs need to be refined or withdrawn unless backed by robust domestic capabilities. The U.S. has the potential to build a stronger manufacturing base domestically—particularly in advanced sectors like semiconductors—reducing dependence on overseas supply chains.