- A record 90 percent of U.S. firms plan to relocate manufacturing domestically or switch to American suppliers due to Trump’s aggressive tariffs (10–30 percent on imports from China, Mexico and Canada), signaling a major shift in supply chains.
- Tariff revenues hit $16.3 billion in April 2024, contributing to a $258 billion federal surplus, while forcing companies to adapt – 54 percent plan price hikes, and only 15 percent will absorb costs internally.
- The tariffs are achieving their goal of reviving U.S. manufacturing, with firms in critical sectors (e.g., electronics, pharmaceuticals) expanding domestic operations. However, labor shortages and supply chain bottlenecks remain hurdles.
- The administration frames tariffs as a national security measure to reduce reliance on adversarial nations like China, revitalize skilled jobs and strengthen the middle class – countering critics who initially dismissed them as consumer taxes.
- The policy’s success has put tariff opponents in an awkward position, as data proves businesses are “voting with their factories” by reshoring, contradicting claims that tariffs were outdated or harmful.
(Natural News)—A new trade survey has revealed that the majority of U.S. companies are planning to bring manufacturing and sourcing back to American soil in response to the aggressive tariff policies of President Donald Trump.
On April 2, Trump imposed a baseline 10 percent tariff on nearly all imports from China, Mexico and Canada, with rates as high as 30 percent (down from an initial 145 percent proposal) on goods from China. As a result, tariff revenues hit a record $16.3 billion that same month, contributing to a $258 billion federal budget surplus.
In line with this, the Allianz Trade Global Survey, released May 20 and reported by the Epoch Times, found that nine out of 10 U.S. firms now plan to either relocate operations domestically or switch to American suppliers. (Related: Trump’s 125% tariff triggers panic among Chinese Amazon sellers.)
However, the transition won’t be seamless.
The survey highlights labor shortages and supply chain bottlenecks as major hurdles, with over 75 percent of firms citing overseas production vulnerabilities. Meanwhile, 54 percent of U.S. companies plan to raise prices to offset tariff costs – up from 46 percent before April, while only 15 percent intend to absorb the expenses internally, far below the global average of 22 percent.
With Trump vowing to escalate trade pressures, including potential hikes on Mexico and Canada, the reshoring wave is expected to intensify. For U.S. manufacturers, the message is clear: adapt or face rising costs.
Trump’s tariff policy fulfills its promise to revive American manufacturing
Trump’s aggressive tariff policy is delivering on its promise to revive American manufacturing, with new data showing a dramatic shift in corporate supply chains as firms abandon overseas production in favor of U.S. facilities.
The tariffs, designed to penalize imports while incentivizing domestic production, have forced companies in electronics, pharmaceuticals and industrial equipment to reconsider their global footprints. By offering tariff-free access to the U.S. market for goods made domestically, the policy has accelerated a wave of factory openings and expansions across the country.
“The fact that 90 percent of American firms are now planning to reshore or source domestically is not a side effect – it’s the goal. America’s overreliance on offshore production, including from geopolitical adversaries like China, puts national security and economic stability at risk. No country can afford to outsource the production of essentials. Bringing manufacturing back home will revitalize the American middle class,” Steve Straub wrote for TFPPWIRE.
Critics once dismissed Trump’s tariffs as a tax on consumers, but the administration argued that the long-term payoff – a resurgence in skilled manufacturing jobs – justifies the short-term costs. The administration’s strategy is proving to be a calculated move to end reliance on foreign manufacturing, particularly from geopolitical rivals like China, while reinvigorating high-wage jobs at home.
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Why the National Debt Is the Looming Threat to Your Retirement Plans
The Hidden Crisis No One Is Talking About
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