Tariffs are taxes on us. The Chinese don’t pay tariffs on products they sell. The buyer pays them. And worse… that tax money goes solely to federal bureaucrats. More money is the last thing our over-spending federal government needs.
1: It takes years to get BIG investment capital. Remember, investors do not like uncertain markets.
2: Takes years build a plant. Remember, investors do not like uncertain markets.
3: Labor prices will be too high. That is why they moved manufacturing overseas.
America did it to themselves.
Trump never built anything brick and mortar that would last.
Its a con game.
Just over 2 months in and the results of the Trump economy are starting to show themselves. I’m not an economist, but common-sense says to look for it to get worse, and possibly much worse, long before it gets any better, all for justification to implement a huge tax cut that’s heavily tilted in favor of the ultra-rich.
NAFTA agreed terms are being honored. Trump is President of you and your Canadian politicians brains. So he will leverage what he needs to get a deal for the USA. All you can do is watch.
Canada cheated
President Donald Trump granted temporary tariff exemptions for Canadian and Mexican goods covered by the North American trade agreement known as USMCA until April 2.
That is because politicians and never Trumpers think there is an easy way out. No…that’s not true..they just want to make sure Trump does not lead the way out. They would rather not admit the problem exists. Thank God Trump is talking about things politicians would never.
During the Biden-Harris Administration, over 700,000 new manufacturing jobs have been created and over $910 billion in private manufacturing investments have been announced nationwide. As manufacturing has soared, so too has the opportunity for workers of all backgrounds to get good-paying, quality jobs.
Stocks suffer due to uncertainty in the short term. But the goals are clear. Trump is a one term president so he can be bold, unlike our previous dementia patient.
The new administration moved quickly to introduce new tariffs, notably including 20% duties on goods from China and as well as threats of potential 25% tariffs on pharmaceutical and chip imports. Although the specific legal rationales for the measure have varied, the administration has broadly justified them as necessary for national security, economic independence, and job creation. The president has repeatedly encouraged companies previously reliant on overseas production to ramp up U.S.-based manufacturing.
The immediate response has been significant, with both American and foreign companies accelerating investment initiatives across the U.S. Tech giants have been at the forefront of this movement, announcing billion-dollar investments to mitigate tariff impacts. Apple set the tone in February with a four-year, $500 billion investment pledge to construct a large factory in Texas that will produce advanced AI server equipment previously manufactured in China. In March, Taiwan Semiconductor Manufacturing announced a $100 billion investment to build five new semiconductor fabrication plants in the U.S., even though Trump has said he wants to end support to chip makers provided under the Biden-era Chips Act. Japan’s SoftBank Group committed $100 billion to support AI and tech ventures in the U.S. These investments reflect a strategic shift driven by tariffs and the promise of a more favorable domestic manufacturing environment.