Trump wanting to bring back manufacturing has been his talking point since 1987 he is a major critic of neoliberalism and he wants to restructure NAFTA so it’s overwhelmingly favorable to America
America is the worlds largest importer and the second largest exporter yet it’s only reliant on trade for 24 percent of GDP other sectors of the economy have become more important the countries more affected by his actions are Canada ,Germany , Mexico etc China is to big to fail
If he wants to bring back manufacturing why did he axe Joe Bidens bill of creating chip manufacturing jobs? he killed 115.000 factory jobs just to snub Biden.
- NIST to lose 100's of mainly CHIPS Act people - If no people are left to administer CHIPS Act it dies by default - Following USAID play book to kill an unwanted program - Using the
semiwiki.com
This was meant to make America less reliant on Taiwan for import of chips and build their own manufacturing base domestically while creating jobs and boosting the economy.
It was a success even
Absent government intervention, the CHIPS Act risks enriching executives rather than the workers it seeks to employ.
inequality.org
By some metrics, the CHIPS Act is a roaring success. After awarding over $30 billion to 15 companies, the Commerce Department reports the incentives will create more than 115,000 jobs (78,000 construction jobs and 36,000 production jobs) and incentivize over $350 billion in private investment.
And why did more manufacturing jobs leave abroad in his first term, this is when he also put out non-targeted tariffs.
During Trump Presidency, 200,000 Jobs Offshored and Corporations Involved Awarded $425 Billion in Federal Contracts
WASHINGTON, D.C. — President Donald Trump has awarded more than $425 billion in federal contracts to corporations listed among those…
www.citizen.org
All he did was award the companies with billions of dollars while they shipped jobs abroad to avoid tariffs.
There is a way to punish them by cutting off their federal funding unless they create jobs domestically but he didn't even do that.
Another example he gave them tax money to keep the jobs, but still outsourced the jobs anyway and he didn't say or do anything about it.
Carrier factory where Trump touted saved jobs is laying off hundreds
Carrier, the company President Donald Trump pledged to keep on American soil, informed the state of Indiana this week that it will soon begin cutting 632 workers from an Indianapolis factory. The m…
www.chicagotribune.com
Trump is a complete imbecile , he has no understanding of economics and job creation. He doesn't even do targeted tariffs(which can help certain industries) and also do at the same time build manufacturing jobs and factory facilities, create investment/subsidizing schemes that incentivize local job creation. He doesn't do any of that.
Brace yourself for a big wave of unemployement and many jobs leaving the country.