The Consumer Technology Association (CTA), America’s largest technology trade association, has crunched the numbers on President Donald Trump’s ambitious plan to reshore supply chains so that the most in-demand technologies can be 100 percent made in the United States.
Trump launched the “Genesis Mission” by executive order last December, an effort to leverage US dominance in artificial intelligence to gain an edge in advanced robotics, biotechnology, semiconductors, and nuclear technologies. The president’s vision calls for no reliance on neighbouring countries or longtime allies for any component.
The CTA has long warned that Trump’s reshoring goals are unrealistic, but only recently has the group attempted to estimate what it would cost businesses and consumers to follow through on the plan. The full details of the cost analysis have not been released, but the association has indicated that the figures show the policy would impose significant burdens.
The trade group’s findings add to growing scrutiny of the Genesis Mission, which critics argue ignores the realities of global supply chains and the decades of investment in overseas manufacturing.