The Tariff Backfire: Why Corporations Aren't Coming Back to the U.S.

The Tariff Backfire: Why Corporations Aren't Coming Back to the U.S.

If you thought the tariffs were going to bring jobs back to America, it's time for a reality check. Now that corporations have had a chance to fully digest the new tariffs, it’s clear—they’re not coming back.

Take Nike as an example. With the new 46% tariff on imports from Vietnam, where half of Nike’s shoes are made, their stock plummeted by 15% in a single day. Peter Schiff nailed it—Nike isn’t going to suddenly build new factories in the U.S. because, guess what? Building in America would cost more than the tariff itself.

So what’s Nike—and every other global corporation—going to do? They’re going to raise prices and shift production to other countries where they can still make a profit. The money is leaving the U.S., and global companies are just following the cash.

Here’s the kicker: This means higher prices and fewer options for consumers in America. Everything from new cars to groceries to those fresh Nikes you were eyeing will become harder to find and more expensive.

This isn’t just some temporary pain. The shift away from American-based production isn’t going to reverse. The factories aren’t coming back. It’s a permanent change, and we’re all going to feel it. Welcome to the new reality.