Trade group crunches numbers on Trump’s impossible push for 100% US-made tech
Trump's aggressive reshoring push could cost tech firms $230 billion, CTA estimates.
In an effort to maintain or seize an edge in advanced technologies, President Donald Trump's administration launched the "Genesis Mission" in December 2020, aiming to make the most in-demand technologies completely in the United States. The plan focuses on leveraging U.S. dominance in artificial intelligence, robotics, biotechnology, semiconductors, and nuclear technologies.
Trump believes that self-sustaining supply chains are crucial for this mission, and not even neighboring countries or longtime allies should be relied upon to manufacture components of U.S. products. The Consumer Technology Association (CTA), America's largest technology trade association, has long criticized Trump's reshoring goals as unrealistic.
Recently, the CTA attempted to estimate the financial impact of implementing Trump's plan on businesses and consumers.
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