Trump's aggressive reshoring push could cost tech firms $230 billion, CTA estimates.
Trade group crunches numbers on Trump’s impossible push for 100% US-made tech
In short
The Coalition for American Tinkering (CAT) has found that President Trump's "reshoring" strategy could cost firms in the tech sector an estimated $230 billion, underscoring significant economic challenges and costs associated with the ambitious goal of making all technology products in the country.
Key points
- The Coalition for American Tinkering (CAT) has found that President Trump's "reshoring" s…: The Coalition for American Tinkering (CAT) has found that President Trump's "reshoring" strategy could cost firms in the tech sector an estimated $230 billion.
- This estimate underscores significant economic challenges and costs associated with the g…: This estimate underscores significant economic challenges and costs associated with the goal of making all technology products in the country.
- The analysis could have far-reaching implications for both the domestic economy and globa…: The analysis could have far-reaching implications for both the domestic economy and global competitiveness.