According to The Wall Street Journal, the new venture may generate up to $5 million a year, or around 10% of the company’s overall income.
Prior to announcing the massive tariffs last month, President Trump claimed that his administration’s trade policies will eventually reduce costs and aid in the reconstruction of the nation’s industrial base.
“You can already see the factories and jobs coming back to our country,” Trump declared.
“Our domestic industrial base will be boosted.” We will force the opening of international markets and the removal of trade restrictions.
Additionally, increased domestic manufacturing will eventually result in more competitive markets and cheaper pricing for consumers.
Some economists and political analysts have expressed concerns, despite the White House’s and manufacturers’ optimism.
