In the ordinary way it would take an inordinate amout of money, and decades to bring manufacturing back to the U.S. This is not what tariffs are about!
It will take time to build and tool up factories. Americans are not going to work for minimum wage a factory. This sounds like another one of Trump’s fantasies.
Without the support of other countries, companies will not be able to survive. Trump is killing America just so the wealthy get more of what they don't deserve. Trickle-down economics doesn't work.
Even if the gov't provides incentives, they cannot be trusted! Small businesses are going to feel the impact soon & they will be strangled with the impact of tariffs. Communities will see their small coffee shops go under leaving only the wealthy ones (starfucks). Truly sad, all for one persons ego!
Trump has never in his life run a manufacturing company. He has no idea how long it takes to build and open a factory -- usually 10 years. You have to raise the money, establish contracts with equipment suppliers, hire workers, etc. In a chaotic economy, that's not possible.
Well they won’t and they won’t spend their tax savings on building new plants for old manufacturing state side. If new plants for good supporting new technologies are built, it will take a number of years. Meanwhile Trunt guts Biden programs that actually did spur new mfg. mainly in red states.
Hint to business leaders: Regulations work both ways. Getting rid of them opens you up to government abuse, too. Even the whims of a mad man. The same is true with paying taxes (a known percentage) as opposed to a monetary tribute to the same whimsical tyrant.
They won’t. That is why what Trump is doing is asinine. Our future hinges on a mad man’s fantasy about achieving something that is nonsensical. All the while, smart Republican officeholders and corporate titans who know better remain silent on the matter. What a hell of a position we are in.
You know it's bad when the policy changes so often that the people who are supposed to explain it to the public can't keep track. Yesterday they told the press that the tariff had been raised TO 125%, and only later discovered that it has been increased BY 125% and was actually 140%.
You mean based on whose stock he is sinking. Meanwhile, in the Phillipines, we'll always have your back. Since you are close to who we want to piss off today.
See, in assisted care, which is where he is, there would be multiple therapies to help him remember. His cabinet is there to help forget what he forgot yesterday.
Unfortunately this may NEVER pass... we may become a Russian satellite, where you are forever looking over your shoulder, and you have to stand in line for bread and cheese.
Historically. autocratic authoritarianism collapses capitalism. You don't need to be an economist, an historian or a psychic to have forecasted this econmic crisis under Donald Trump's authoritarian administration.
You're right about that and many manufacturers are going to stay in China because they say is the safest place to keep business going because the United States is completely batshit crazy under this administration
Just like that Donald destroyed the entire USA economic scene. The dollar loses value, the USA markets unstable - too risky for most, manufacturing will grind to a halt, farmers are skewed and small businesses too!
It doesn’t matter what he does anymore-global markets will be 👀 elsewhere!
They won't, but Trump's not really using tariffs in the way he claims. He wants the uncertainty to unsettle the markets and manipulate them. That's his game.
Simple, every country in the world except russia is looking for new partners and finding them. There is no going back. No business will make a deal with liars and thieves. We want reliable friends and connections.
I think adding more customer service , sales ,younger smart tech folks that pays a little better plus some manufacturing jobs too but we don’t have a lot of factories right now and would take years to build them up .
Who is going to work in those factories? We already have a labor shortage (for living-wage pay) and, with the Russian Regime in power they are deporting anyone that doesn't look like them. I know repugnicans want to reduce the working age to 14, but even then, families are having fewer kids
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Investment in US mfg decreased during Trump 1.0, and decreasing again under Trump 2.0.
But guess who was responsible for a 4X increase in US mfg? Biden. Sleepy Joe did this!
still look the other way when u mention it . I am worried . Maybe time for a trip 😎
It doesn’t matter what he does anymore-global markets will be 👀 elsewhere!
1) Threaten tariffs; markets go down: buy.
2) Pause tariffs; markets rally: profit.
3) Repeat.
That's it.
Idiots