Upcoming tariffs creates an obstacle on bringing production back into our nation, who will be affected?
Initial tariffs immediately will increase cost of goods within the manufacturing industry. Steel production has been ramping up and more steel means the demand is growing. With the manufacturing sector of America making up of 10.3% of national economy.
As America drifted away from manufacturing each of their own product in 2010 we gave up the title as world’s largest manufacturing nation to China. In the year 2023, America imported approximately $537 billion from China.
Due to the inflation that our nation has been facing the cost of production is elevated and causes profit margins to be reduced in comparison to what manufacturing plants have seen in the past. Following this issue, Higher demand for production in USA has resulted in a shortage of skilled workers, causing factories to invest in workforce and robotic automation simultaneously to keep up with the demand.
The effected individuals in the low and middle class and companies will be the ones at which are bringing accessories for their final product from outside countries outside of America. According to Center for American Progress the increase in out of the country goods will cost each American household around $5,200.00 per year.
With the focus point of our nation not focusing on minimizing cost but yet maximizing the resources within our nation to be self sufficient, we must observe one of the first manufacturing industries that can help overtake being the Manufacturing leader of the world. One of the biggest industries is Photonics also known as semiconductors, this is where the bottle neck of American manufacturing is being held up. This is why manufacturing this product has an intricate process, why is the production of silicon wafers so complex? For the following reasons
-Precision
-Material purity, minimal contamination in production area
-Extreme clean room
-Complex processes such as photolithography, etching, and thin film deposition
If AI and all data being researched the silicon photonics is critical, they must have a physical telecom pathway to operate and be able to log back the history of our research. Credentials for silicon photonics are a faster, cooler, and less energy requirement to operate computers.
All things considered, America has an huge influence on global trade, and we now have an opportunity to be more of relevancy as a world power. Since in the past few years, America’s resources have been used to uplift other nations. It is up to each of us to find a way to influence our society.
Upcoming tariffs creates an obstacle on domestic manufacturing
Upcoming tariffs creates an obstacle on bringing production back into our nation, who will be affected?
Initial tariffs immediately will increase cost of goods within the manufacturing industry. Steel production has been ramping up and more steel means the demand is growing. With the manufacturing sector of America making up of 10.3% of national economy.
As America drifted away from manufacturing each of their own product in 2010 we gave up the title as world’s largest manufacturing nation to China. In the year 2023, America imported approximately $537 billion from China.
Due to the inflation that our nation has been facing the cost of production is elevated and causes profit margins to be reduced in comparison to what manufacturing plants have seen in the past. Following this issue, Higher demand for production in USA has resulted in a shortage of skilled workers, causing factories to invest in workforce and robotic automation simultaneously to keep up with the demand.
The effected individuals in the low and middle class and companies will be the ones at which are bringing accessories for their final product from outside countries outside of America. According to Center for American Progress the increase in out of the country goods will cost each American household around $5,200.00 per year.
With the focus point of our nation not focusing on minimizing cost but yet maximizing the resources within our nation to be self sufficient, we must observe one of the first manufacturing industries that can help overtake being the Manufacturing leader of the world. One of the biggest industries is Photonics also known as semiconductors, this is where the bottle neck of American manufacturing is being held up. This is why manufacturing this product has an intricate process, why is the production of silicon wafers so complex? For the following reasons
-Precision
-Material purity, minimal contamination in production area
-Extreme clean room
-Complex processes such as photolithography, etching, and thin film deposition
If AI and all data being researched the silicon photonics is critical, they must have a physical telecom pathway to operate and be able to log back the history of our research. Credentials for silicon photonics are a faster, cooler, and less energy requirement to operate computers.
All things considered, America has an huge influence on global trade, and we now have an opportunity to be more of relevancy as a world power. Since in the past few years, America’s resources have been used to uplift other nations. It is up to each of us to find a way to influence our society.
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