Marc Faber on tariffs and onshoring

Now they have this brilliant idea to impose tariffs.  It's an absurd idea because the tariffs will increase the prices of just about everything.  And the employment gains will be very minimal because companies will pay the tariffs rather than move production into the U.S. where there is not sufficient technological skills, nor are there enough people to do the jobs that the Chinese or the Indians or the Vietnamese do.

~ Marc Faber, "High Risk of Market Crash as Smart Investors Sell with Marc Faber," WTFinance, 5:45 mark, December 11, 2024