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Slightly cheaper? Trump is talking about what like 35% tariff? That's drastic because the cost of manufacturing here is drastically higher for reasons that encompass more than just labor costs. Not to mention the tariffs other countries will slap right back with which will hurt exports and guess where American companies will make that up? More price increases on what they sell domestically.
I think you are underestimating the consequences of all these tariffs. Americans might need those jobs because they'll need 2 to afford the same goods.
Tariffs need to be slapped in place to account for the cheap labor. Should a company hit with tariffs decide they want to up the price of their goods even though they still make a profit, then it's up to an American ran competitor to pop up and offer the same goods at a reasonable cost.
The way I see it, they won't be at a disadvantage manufacturing said object over here because the tariffs balance the playing field.
It's in this sense that capitalism would finally work to the advantage of both the American employer and employee.