Miguel Afonso Caetano<p>"The US doesn't have enough qualified tool-and-die makers and other skilled tradespeople to produce the machines that will make the goods that Americans want to buy. New tradespeople can be trained, but acquiring these skilled trades is a process of many years. For the US to reshore its manufacturing, it needs substantial, sustained public investment in capacity-building: loans and grants to train workers and investment in basic research and other non-market goods needed to recover the US manufacturing base.</p><p>America should do all that, but if it wants to try, it needs a robust, predictable, orderly system of government to build upon. It needs the kind of reliable and orderly processes that make people feel safe about changing trades and going back to school. It needs imports of goods from overseas that can be used to restart the US manufacturing capacity that can replace those imports.</p><p>But in a market like this one, dominated by monopolies who needn't fear the Trump-gutted FTC, DOJ and CFPB; where cartels have captured their regulators; where Doge-style chaos spreads existential terror about the future, tariffs will only raise prices, without any significant re-shoring or capacity building. The Trump tariffs are a gift to giants like Nike, who have the logistics sophistication to exploit loopholes, demand preferential rates from shippers and brokers, and to pass on costs to their customers. Any domestic company that seeks to compete with Nike will not have these advantages. For Nike – and other dominant companies – the Trump tariffs are just another moat, another obstacle which they can hurdle, but which stops smaller competitors dead in their tracks:"</p><p><a href="https://pluralistic.net/2025/04/07/it-matters-how-you-slice-it/#too-big-to-care" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">pluralistic.net/2025/04/07/it-</span><span class="invisible">matters-how-you-slice-it/#too-big-to-care</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economy</span></a> <a href="https://tldr.nettime.org/tags/Economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economics</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/Oligopolies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oligopolies</span></a> <a href="https://tldr.nettime.org/tags/Antitrust" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Antitrust</span></a> <a href="https://tldr.nettime.org/tags/ClassWarfare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ClassWarfare</span></a> <a href="https://tldr.nettime.org/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Capitalism</span></a> <a href="https://tldr.nettime.org/tags/Neoliberalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Neoliberalism</span></a></p>