Until the products are manufactured here in the states rather than being imported. There's no tariffs on domestic products.
Why would a company buy domestic at a higher cost than imported? If it is still cheaper to buy imported even with the tariffs, then what's the incentive to buy domestic?
If our industries don't have enough domestic materials and need to supplement domestic materials with imported materials (e.g. lumber), then it's entirely a moot point talking about going domestic since the imported material is required to meet the need.
Say Bob has 35 widgets, and Tony needs 100 widgets, well Tony can buy the 35 from Bob; but he still needs 65 more widgets. So Tony has to get 65 widgets still. Even if Bob's widgets are cheaper than other widgets, Tony still needs 100 widgets. So even assuming Bob's widgets are cheaper, forcing Tony to pay more for widgets that aren't Bob's isn't going to result in Tony selling his patented widget-wonder at a lower cost to the consumer--Tony will have to raise the price to compensate for the higher costs he's paying.
So even assuming Bob's widgets are cheaper, it doesn't really matter--Bob only has 35 widgets for sale, Tony can't buy more of what doesn't exist.
But what if Bob has plenty of widgets, but they cost more than competing widgets? We want Tony to buy from Bob, so Tony has to pay an extra fee when buying the cheaper widgets. Problem is that even with the 25% increase in buying alternative widgets, it's still more cost effective to simply buy the cheap widgets and raise the price of his widget-wonder to compensate for the 25% increase he's paying. Because Bob's widgets still cost more.
Now, see, if Bob's widgets are plentiful and cheaper, well that'd be one thing. But then if Bob's widgets were plentiful and cheaper, then Tony wouldn't be bothering with getting his widgets anywhere else to begin with. The problem is that Bob's widgets are either more expensive, less plentiful, or both--that's why Tony gets his widgets elsewhere.
The only possible solution to this conundrum is if Bob's widgets become cheaper and/or more plentiful. But raising the price on other widgets by 25% can't make Bob have more widgets than there are widgets available for Bob to sell--it may be possible that Bob's widgets become cheaper this way. However, Bob might be a very shrewd businessman, if for some reason he can get away with being the sole supplier of widgets, well why not make his widgets cost more? Simply raise the price of his widgets, especially if he can monopolize on the widget trade.
Now, we might also entertain that governing agencies might have to break up Bob's monopoly, but, the guys in charge, well, they like monopolies, and Bob gives them kickbacks anyway. So that's not going to happen.
Anyway. This has been "Didn't they teach you this in middle school?" with your host ViaCrucis. Next time we talk about how if we cut down ALL the trees, there won't be anymore trees--so we need to conserve trees and not engage in environmental exploitation for immediate gain and longterm loss. And later on we'll talk about how eating lead is, in fact, bad for you; with special guest appearance of lead-eating proponent, Robert Kennedy Jr to debate the issue. Elon Musk intends to show up, give his heart to everyone, while declaring the arrival of a new thousand year reich.
-CryptoLutheran