r/WallStreetbetsELITE • u/Tripleawge • 23d ago
Discussion Trump’s is betting America will Tolerate Economic Downturn to Restore Manufacturing… Puts on US economy
https://www.nytimes.com/2025/03/13/us/politics/trump-manufacturing-economy-risk.htmlAmerica will never be factories again and this plan will definitely sink the entire US economy as we know it
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u/razor4432 23d ago
This guy is so fucking regarded, King of the Regards!
I don’t think he comprehends setting up a factory takes years, it’s not just a “Hey let’s build a factory here” boom done.
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23d ago
Who the hell dreams of working in manufacturing or in factories?
"Mom, when I grow up, I want to work at a factory making minimum wage". These idiots who think bringing back factory jobs will make their life better are so dumb. The old days when you can make livable wage from factory jobs are long gone. Corporations will never let you live comfortably on factory jobs.
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u/ralphswanson 23d ago edited 23d ago
Spot on. Free trade made America wealthy. Apple, Microsoft, Nvidia, Netflix, and other top companies would much be smaller if they could only sell in the US. These companies pay well. Trump wants to stop free trade so Americans work in low-paying factory jobs coupled with massive inflation. Profoundly stupid!
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u/CodSoggy7238 23d ago
Wait for Europe to put tariffs on digital services. Then Trump can start crying about unfair treatment.
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u/Mick_from_Adelaide 23d ago
I would love to see Amazon have to pay overseas taxes.
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u/Reginaferguson 22d ago
I am European and part of the buy European group on reddit.
Seeing the European equivalent digital services compared to the US one really highlights how important having a big user base is. Most of the services are equally as good, but fall down due to lack of userbase. Its one of the few areas that would massively benefit from counter tariffs or bans.
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u/CodSoggy7238 22d ago
Yeah I could really see that as a good negotiation threat with Trump or as an ultima ratio if he goes too crazy on us.
They could hurt us in the short term immensely but you would also fk up your nasdaq and economy for good. At least until all the manufacturing jobs come back and then you can work in shops again lol
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u/netz_pirat 23d ago
I don't think that's going to happen.
However... A lot of people I know here in Germany have stopped using Facebook, Twitter is also trending downward, WhatsApp and Instagram are holding on a bit better but...
I feel really sorry for the US. All that's happening in the US right now is in our history books. We've been there. I hope it won't end the same way for you. Good luck.
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u/jonnyrockets 23d ago edited 23d ago
He has no idea the way the world works in 2025. He wants to bring back the Ford assembly line and Laverne & Shirley at the bottle capping line.
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u/Narrow-Height9477 23d ago
Or worse, he (or whoever is controlling him) does know and doesn’t care or is actually accomplishing their goal.
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u/YertlesTurtleTower 23d ago
Yep, Russia found the easiest and cheapest way to defeat American supremacy, and it was a reality TV star.
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u/myPOLopinions 23d ago
Exactly. Let Cambodia make cheap tshirts. We spend our time inventing and selling high end service. This is chasing dollar tree when you're selling Prada.
Not to mention factories will only become more automated.
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u/Cautious_Ad_6486 23d ago
This. I give it 10-15 years before we have proper robots doing all the manufacturing, including stuff that is currently made by humans, like sewing.
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u/Sportsfun4all 23d ago
Dumb Republicans wants to bring the factories back to America but not for jobs for the American people. The robots will do all the work then this defeats the point to bring jobs back.
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u/Lumpy-Return 23d ago
Imagine if we took all the money and economic output we’ll lose from this incoming recession and we said “we are going to pay more and hire 1,000,000 more teachers in 2025 and 2026.” We’re doing this to reverse the decline from Covid. Class sizes going from 20:1 to 13:1. Imagine where the country would be in 20 years. Such a shame.
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u/KYlaker233 23d ago
What would anyone expect from a guy that filed for bankruptcy 6 times? Lol! Great businessman, my ass.
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u/Sure-Record-8093 23d ago
A few of Those companies are based out of Cayman islands or Ireland and don't pay there fair share of tax. That's why the average person struggles
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u/cptpb9 23d ago
That’s heavily dependent on setting. A factory that makes cookies near me the only good jobs are equipment techs, all the floor positions are under 20/hour and the work environment sucks of course.
However, a lot of the stuff that never got offshored was highly skilled or technical manufacturing, because other countries don’t have the ability for certain products or in some industries the government contracts can require things to be made in the US. Those jobs can be union or nonunion and can be six figures easily.
If you’re not in a big city finding a good factory job is worth it’s weight in gold tbh, the issue with all this I think is that the stuff we don’t manufacture here currently some of it there’s a reason whether it’s nobody wanting such hard jobs, environmental reasons, etc
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u/morentg 23d ago
Wait until Europe finally uses tariff war as an excuse to bring US tech companies to bend a knee to EU bureaucracy.
No more preferential treatment, no more avoiding taxes and exploiting favourable agreements. Either these companies contribute with taxes fairly, and follow regulation in the EU, or they'll get suppressed so their local competition can grow fairly. European goodwill is running out, and it's running out quickly. Once they have enough military capacity to not be totally depended on US force, military bases might start costing US money, and there will be much, much less favourable deals to find over there.
Trump just might find out, what a power multiplier US's soft power was, and find out how expensive it it to project power over world when you have no friends to be found.
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u/Sayhei2mylittlefrnd 23d ago
Countries like South Korea and Japan who pay the US annually will probably end such agreements as the US influence and capabilities wain.
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u/myPOLopinions 23d ago
It'll be interesting to see if Ireland, Guernsey and the other business tax havens get pressured into fucking with "US" companies.
This is so potentially unfuckable long term damage. Why the fuck would you want other militaries to rival your own? We lose our footprint and soft power. It's not like our MIC and DOD didn't want to spend all this money anyway. So god damn short sighted.
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u/Funk_Apus 23d ago
I’m 100% here for that. Start by banning twitter for being full of Nazis and bullshit.
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u/Handsaretide 23d ago
These are the same regards who got pissed when Hillary said she wanted to get them out of the coal mines and into tech work or something they’d make money in.
They WANTED to go back into the fucking coal mines! A task that was literally punishment/torture for conquered slaves or the most desperate serfs for most of human history - that’s their dream job at 35k/year.
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u/myPOLopinions 23d ago
My pappy, grandpappy, and great grandpappy all got black lung in those mines and no blue hairs liberal ain't telling me I won't.
Don't worry, just a few more cut regulations and the owners will increase safety and pay.
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u/Randy_Watson 23d ago
It’s not like we don’t still have factories today and the wages adjusted for inflation are way worse than they were in the golden age of American manufacturing. I’m not sure why people think that will change especially in light of how unfriendly the GOP are to unions that kept manufacturing wages high but have mostly been destroyed.
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u/Creative-Problem6309 23d ago
Farmers used to be half the population now they’re 2%. Factories can return to the U.S. but they’ll be staffed largely with robots. There are good strategic reasons to keep certain industries domestic but this entire plan is full of lies and nonsense.
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u/According-Mention334 23d ago
They want to move manufacturing back here alright but this time they want to treat American workers like they have gotten away treating foreign workers. Pay nothing, no benefits, no healthcare, no retirement and maybe we won’t kill you. Sounds like 1900 all over again
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u/Archibald_80 23d ago
This is exactly it and also why they’re pro life. Unwanted kids = future cheap labor.
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23d ago edited 23d ago
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u/CZ_One 23d ago
My mother has worked in the plastic manufacturing factory for 25 years mostly as QC. Most wages are minimum to start (almost $15 for Arizona) and she makes like $23. That’s the going rate not like others are paying more. I don’t think in a right to work state it’s much better than that.
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u/Feeling-Tutor-6480 23d ago
But company towns are making a comeback if you listen to the tech bros
Argue about China all you want, but at least they jail and put in their place people who get too big for their boots, unlike Trump et Al, who lick their boots
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u/ChickerWings 23d ago
Right? They want manufacturing jobs while simultaneously hating unions, which are the only reason factory jobs were good in their pseudo-mythological 1955 America.
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u/Impossible-Bit1717 23d ago
Well maybe if you work 120 hours per week according to fElon. That’s what he’s proposing for American workers.
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u/normalbrain609 23d ago
the irony is the factory nostalgia is based on those shops being unionized providing livable single income wages. i’m sure president grandpa and his insane oligarch friends will be open to that.
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u/JimWilliams423 23d ago edited 23d ago
Who the hell dreams of working in manufacturing or in factories?
Good union jobs pay well.
After Biden walked the picket line with the UAW, they got new contracts. At Ford, standard assembly-line work pays $42/hr (roughly $84K/yr and skilled trades pays $50/hr (roughly $100K/yr) plus good benefits like high quality healthcare.
Also, Biden's policies caused investment in American factories to fucking skyrocket. He basically tripled it from $80B/yr to $240B/yr.
https://fred.stlouisfed.org/series/TLMFGCONS
Conservatives are fucking terrible for business, they always have been too. It was conservatives who caused the Great Depression and it took the closest we've ever had to a socialist in the white house to fix what they broke. FDR's policies gave us boom times. Conservatives do not build the economy, they just loot the economy. So what conservatives are doing to the economy now was easily predictable.
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u/Thrill-Clinton 23d ago
Exactly. If corporations want to bring back manufacturing jobs it’s with the sole purpose of creating company towns where they pay you so little you can only afford to live in their company provided housing and shop at company stores where they deduct your costs from your paycheck. Neo feudalism
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u/aerodynamo5180 23d ago
If they make you poor enough, you'll take whatever job they offer you. They don't give a fuck about our dreams.
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u/NLMichel 23d ago
Looks who is walking around in the WH, Musk is whispering in Trumps ear that he will staff all factories with Tesla humanoids!
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u/Kenyon_118 23d ago
Remember he’s also attacking unions and weakening safety regulation or enforcement. So you will be working at minimum wage sans time off or some fingers.
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u/Astral-projekt 23d ago
It’s not about dreaming about being in factories, it’s about low paying jobs that keep you starving asking for table scraps working forever. It’s a system, not a dream.
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u/cactus22minus1 23d ago
He did the opposite of setting up factories- he immediately went for Biden’s CHIPS act. It’s sabotage and we need to view it that way. Intentionally destruction.
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u/Livid-Zone-7037 23d ago
He’s not a builder, more of an opportunist. He will start millions of projects (in his words) and get nothing done.
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u/ReggieEvansTheKing 23d ago
The American worker then costs way more too. Gains from trade allow people to buy products for cheaper which allows people to have more money to spend on American luxuries in their neighborhood. Those small businesses then die. So we are effectively trading good American jobs (marketing, restaurants, sales, etc) for shitty American jobs (factory work) while simultaneously wrecking the economy and our global standing. By the time the factories are ready we will elect a democrat who opens up trade again and then they will get torn down. A massive net waste of money that just further nukes the deficit.
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u/Tripleawge 23d ago
^ This is the #1 reason why Trump’s plan will fail
The American worker is like 9000x more expensive than the most expensive Vietnamese, Indian, Thai, Cambodian, Laotian, and Myanmarese workers
And that is before you factor in the EXTRA costs on top of base salary for ALL American workers (like guaranteed employee benefits and leave)
So either America brings back slavery or more realistically no one hires Americans for new factories in America with the majority of those new factories opting for robotic labor as that is more along a fixed cost basis
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u/Pdx_pops 23d ago
Robots are so expensive to maintain long term. This is a handwave by the robot-future promisers who will just say that there will be maintenance robots too. Good luck with that
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u/Dyonisus77 23d ago
I think he's been playing a lot of Civ 7 lately and this is how he is learning to make decisions as a leader /s
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u/MelodicBrushstroke 23d ago
No. Elmo is paying someone to play it and telling Rump how to economy based on logging in once a week.
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u/Agitated-Savings-229 23d ago
He would be smart to waive tariffs on people who are building factories, steel mills, and smelters. That would be an incentive.. instead everyone is just like fuck this.
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u/myPOLopinions 23d ago
We also just don't have the raw materials to make everything. Canada is a giant forest with lumber ideal for home building. We don't have what they have in abundance. We buy oil from them because we get it at 20% below market rate because they can't hit the global market with it. We don't have precious metals and rare earth minerals we need. We don't have titanium in great quantity. Hilariously, to produce the SR71 spy plane the CIA had to set up dozens of shell companies to buy it from Russia.
A great example of effective tariffs was motorcycles. Didn't want Kawasaki to bankrupt to destroy Harley. We didn't tariff the entire imports of Japan. The point is to keep another country from tanking one of your markets, which to me I'm not currently aware of other than maybe some shit with China. But then again, they could make up for a good amount of it in another market like soy.
Our trade imbalance where it exists keeps everyone on the dollar. Not to mention basic capitalism says we like buying other stuff. Unless you're trying to prevent reliance on an important and required resource (like oil in the hands of dictators in the 60-80s) then this is all futile and will turn trade partners to someone else. Good luck unfucking that without severely undercutting prices, assuming anyone trusts us after this.
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u/ruggmike 23d ago
Not only that. They want low wages no benefits and at will employees. No unions nor workers rights.
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u/Taipers_4_days 23d ago
Not just years but also a lot of trust.
Who in their right mind is going to spend millions to build manufacturing when the President stays up all night doing whippets and makes policy changes he has to walk back 48 hours later?
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u/twoiseight 23d ago
And the more they try to "boom done" it, they more they welcome error. Deadly error, often, where utter blitzkrieg on regulation is involved.
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u/wales-bloke 23d ago
He thinks a supply chain is a thing you pull to ring a bell so that someone can bring him a minor to molest.
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u/Beethoven81 23d ago
Plus who's going to invest into a factory with 10 year payback time when the big boss changes his policy 3x a day? Good luck..
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u/man0315 23d ago
I don't think fully restored all kinds of manufacturing will do any good to people's life in a developed country. I am still trying to understand his logic when our workers earning $10 dollars a day with 12 hrs of working to produce cheap products for you and he said we are stealing from the US. does Americans want this kind of job? Or you want to do it in "American way" so the cost doubles or triples and the US consumers would pay for that? what does he want?
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u/myPOLopinions 23d ago
Not to mention it's not like our altruistic domestic companies won't just raise prices close to tariffed prices because they can and we won't have a choice. Surely they'd never!
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u/09stibmep 23d ago
It’s also not even just that. Businesses want favourable but stable and predictable economic environment to invest in. They don’t want rug pull chaotic on again off again Donnie conditions.
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u/Status-Shock-880 23d ago
This all comes from listening too much to great grandpa who never went to school or left his hometown. Let’s go back to something China is trying to escape! But without being the only superpower standing after a world war. Idiotic.
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u/baronunderbeit 23d ago
And when you finish setting up the factory, you’ll want to sell those goods to as many people as you can. Not just the US. Good luck doing that with completely destroyed relations, no regulation standards to match foreign buyer’s countries, and 1000% tariffs (by that point probably).
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u/Pulga_Atomica 23d ago
Not to mention that business likes predictability. A different fucking tariff pulled out of his ass every day is as far away from predictability as there is. In fact, his actions would freeze most of the FDI planned imo.
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u/Printdatpaper 23d ago
He plans 4 years of him. Then another 8 years of Elon
Total 12 years to complete the whole thing
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u/No-Delay-6791 23d ago
Aluminium seems a favourite of his just now.
Can't just build an aluminium factory tomorrow, and if you could, you'd still need to power it.
How long will it take to build the power station(s) need to power the factories?
Are the tarriff incomes gonna pay for the infrastructure needed to develop those industries?! I doubt it.
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u/ActionCalhoun 23d ago
Trump is used to shouting orders between bites of his Big Mac and it’s everyone else’s problem how to get it done. Build factories! Invade Greenland! Start a domestic Champagne industry!
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u/SouthTippBass 23d ago
Why would he not think like that? His entire life, that's been his experience. He tells the nanny he wants something, he gets it immediately. He wants a house, here you go. Car? There it is. Money, business, whatever.
He's never had to work for anything, he's never experienced what patience is or what it means to grind something out to achieve a goal. Everything has always been instant for him.
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u/Mick_from_Adelaide 23d ago
Setting up factories also needs predictability in the marketplace. Investors are not going to invest their money if it is possible that Trump will pull the rug out from underneath.
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u/Facktat 23d ago
Yeah, and specifically semiconductor and steel factories. These are basically the industries (apart from nuclear power stations) which have most difficulties to build up new factories in a timely manner. It's so stupid to make a trade war about these two technology to bring in production because they are super difficult to build up capacities and while you don't have them, you basically fuck the rest of your economy which would produce like 50 times more GDP out of them by processing or using them. Like just the brining manufacturing back to America factor. Does Trump has any idea what you need to build new factories? A heck load of steel.
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u/pomegranate444 23d ago
And meanwhile the world shuns the USA and they can't sell a fucking thing except to themselves.
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u/The_Environment116 23d ago
Who is going to buy American manufactured products when he has pissed off the whole world? We are all looking for other trade partners and finding a lot of success
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u/Mrsbrainfog 23d ago
Starts looking more and more like the USSR with planned economy.
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u/JefferyTheQuaxly 23d ago
Luckily china has already announced they’ve shut down $21 billion worth of beef imports from America and are going to be importing South American/Brazilian beef now. Luckily the farmers have never supported anything like these tariffs, or id be pissed if I was one.
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u/Proud-Peanut-9084 23d ago
Even if everyone loved America, nobody’s going to buy them because they will cost 3x more than alternatives made in low labor cost countries.
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u/bucket_hand 23d ago
Are you stupid? He'll sign an executive order mandating all countries buy American. Duh!
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u/Iamcanadian85 23d ago
People don't understand how expensive things are when you're not exploiting cheap overseas labour. It's an easy selling point to say you're going to restore domestic manufacturing but if you don't have some sort of competitive advantage you're done. People don't want to pay $300 for a shirt.
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u/Confident-Mistake400 23d ago
I doubt Majority of his voters and he/himself have understanding of what competitive advantage is. Most people have learnt that in highschool eco class or econ101 in uni. But they probably havent
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u/purepolka 23d ago
This is a tangent, but one of my Econ professors in college (a Spaniard) told us that the only area where Spain has a comparative advantage is leisure. I still think about that quip every time someone mentions comparative advantage.
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u/Handsaretide 23d ago
Most of them just let Fox tell them what to think, they’re not engaging whatever knowledge on the subject they may have.
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u/Sauerkrautkid7 23d ago
Not to mention the stock prices of those companies have already figured in those exploited labourers to continue.
So those companies can fear going out of business or continue to fear speaking up to Donald.
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u/hillbillyspellingbee 23d ago
I’ll give a real example as a factory employee:
Customer was paying $9.66 per unit for an assembly done in China with a subcontractor.
He decided to suddenly have everything loaded on a boat to “avoid the tariffs.”
Now 6 months later, we priced it up for domestic manufacturing + tariffs…
It will be about $10.50 per unit to do it in China with tariffs or $45.00 per unit to do it here in the US. Exact same parts. Still paying tariffs to do it here but now other much more for labor.
So, he is probably going to load everything up and send the job right back to China.
Trumpcucks, man.
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u/tonsofgrassclippings 23d ago
The point isn’t about what people want.
The point is that once oligarchs have control and have privatized to the level they want, you either pay $300 or you go shirtless. There will be no choice in this techno-libertarian ideal they have. “Want” is not a word that will be allowed. You will pay for what you need and all money will flow upward.
It’s like Trickle Down, but Raining Up.
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u/No-Specialist4323 23d ago
Even American companies manufacturing in Canada isn’t out of charity. Low CAD and healthcare subsidized by government isn’t gonna be easily replicated in the US
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u/Partyatmyplace13 23d ago
Exactly, you can't drive up wages, while driving down the price of manufactured goods unless you're exporting a monopolized product, like oil.
All he's doing is tightening the bond of the EU, but against us, not with us. They can bring back manufacturing too and Germany is already showing that with VW.
How long do you think those Tesla plants are gonna stay in Europe?
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u/morbob 23d ago
Bets are off, most all normal Americans do NOT back Trump
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u/PumpkinMyPumpkin 23d ago edited 23d ago
The plan doesn’t even make sense.
American manufacturing is going to come back by making all imported goods necessary for manufacturing far more expensive?
All the while alienating all export markets for American goods? You think Canada and Europe refusing to sell Kentucky Bourbon is good for the Bourbon plants?
And that’s before you consider the dumb ass objective of getting rid of income taxes. So all the money the government needs to run will come from taxes on imports - the same imports that are supposed to disappear because manufacturing jobs are supposed to come back? So the plan is just not to have government funding? 😂
Dumb as shit.
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u/BoreJam 23d ago
Also lets assume a good made in America has price parrity with an imported equivilent.
- Imported option gets hit with 25% tariff
- Demand for american made alternative increases
- American producer can lift price by 20% and still ccome out ahead on cost
- Actual price to consumer rises for both options
Then you also have to consider that if theres significant investment into onshore American production it will likely be highly automated so little to no boost in blue collar jobs. Kinda glad i retrained as a mechatronics engineer.
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u/PirateFit2092 23d ago
Excellent point. This has already happened with US steel. What was sold for formerly $700/tonne for a roll has already been raised up to $900-$1,000/tonne. This was before the tariffs came into effect.
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u/illepic 23d ago
All of my family in Idaho absolutely fucking loves everything going on right now, and they think it's the greatest thing that has ever happened in the U.S.
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u/adamjsst1 23d ago
this is insane. is it “to own the libs”? have they seen the market? do they own any portfolio?
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u/illepic 23d ago
One of them fancies himself a day trader. He thinks it's all temporary pain for the great big reward daddy is going to provide.
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u/Jordizzle_Fo_Shizze 23d ago
That moron will learn quickly. It hasnt hit them yet so thats why they are still cheering. Remember stupid people dont think about the repercussions for the most part
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u/LongevitySpinach 22d ago
Remind them you cant spell PO-TAY-TOES without PO-TASH.
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u/fatbunyip 23d ago
Nah, his voter base still back him because he stopped dei and the woke agenda and shit.
Shits expensive cos Biden killed all the chickens and forced companies to like hire black people and innovation only use solar.
If shit becomes more expensive Cletus is just gonna blame Canadians for it.
Americans are dumb as fuck. So this whole "rational actor" bullshit is irrelevant. It's more a "dumb fuck dipshit" model of political economics.
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u/SecretRecipe 23d ago
Why are we taking the economy backwards? Transitioning our workforce back to the low skill / low pay assembly line jobs of the 1950s isn't "Making America Great Again".
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u/NeoMaxiZoomDweebean 23d ago
MAGA has been sold a fantasy.
MAGA represents the low informed and gullible among us. Religious people that prefer pretty fairytales that make them feel good instead of difficult realities that make them uncomfortable.
All of this is the danger of populists and nationalism/fascism that puts people like hitler/trump/mussolini in power.
It works the same in every country.
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u/LukeHanson1991 23d ago
Yes it works the same in every country but it is also always a failure of the elite of the country it happens to especially in the US at the moment. In America not enough people profited (or present profit) from the wealth that the US produced. This is why Trump was so successful with MAGA and the plans to bring the old times back.
You can either let more people be part of that wealth (most people in the US would call this socialism I guess) or you will get populist rising.
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u/MeucciLawless 23d ago
Our cost of labor priced us out of most manufacturing , hence the reason businesses moved to cheaper labor markets . Is it automation to the rescue ? Ok by me but that doesn't create many jobs ..
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u/mooreboy76 23d ago
There’s still that raw materials thing. Are robots able to mine? Do the fine folks of WVA/Pennsyltucky wanna head back down into abandoned mines for iron and coal?
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u/Antifragile_Glass 23d ago
Yall see china’s comments today?
The U.S. should be saying a “big thank you” to us
Lmao level 100 trolling
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u/Spyrothedragon9972 23d ago
Cause damage NOW
THEN build factories
Wait years for said factories to reach production
Suffer economically the whole time
Wait years for economic status to return to previous levels
Products are now significantly more expensive because they're produced in America.
What a moron.
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u/NeoMaxiZoomDweebean 23d ago
Hey it works for Putin. And isnt that what matters to MAGA? Pleasing Putin
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u/strangerducly 23d ago
Crash economy, buy cheap. Destroy government, privatize and sell off assets.
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u/discretizer 23d ago
Manufacturing requires long term investment and planning. Who wants to plan and invest under this craziness? I think a large segment of the corporate world would even be willing to give him a pass if it wasn't so frenetic and self-serving.
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u/NeoMaxiZoomDweebean 23d ago
Another thing to consider, what happens to corps who arent in the cool kids club who gets everything handed to them by Trump?
The musks and bezos and zucks are creating massive barriers of entry for new business and manufacturing. A start up would depend on the gov keeping a level playing field to get their business up and running.
We have tarrifs to incentivize manufacturing , but a government that will crush any new manufacturing that isnt by a few american oligarchs.
Fyi, this is a huge problem in Russia, but hey guess maga is cool with us being russia now.
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u/Apprehensive_Map64 23d ago
You just need to give Trump a cool million to shake his hand and everything will be fine with your business... At least until he comes round asking for another million
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u/PirateFit2092 23d ago
The Oval Office current price is $270M. Anything that isn’t nailed down is for sale
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u/Apprehensive_Map64 23d ago
I actually wasn't sarcastic sadly btw. But now that I think on it it's $5M for a personal meet and greet but only $1M for a place at a table to have dinner with him.
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u/ApoplecticAndroid 23d ago
If this was really the goal, then the tariffs would start small and build up over a few years to allow local manufacturing to build more capacity over a period of years. As well, trading partners could pivot and have time to change their model.
This ridiculous approach is going to act as a massive roadblock to the US economy, and to its trading partners. It will cause such a mess, it will take literally decades to recover.
Such stupidity, and for nothing.
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u/StonkSalty 23d ago
This distinctly American manufacturing fetish is too fucking funny.
Detroit ain't coming back bros, calls on India.
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u/Far_Persimmon_2616 23d ago
Restoring manufacturing was never the plan. Sinking the economy so his oligarchical handlers can buy up assets cheap, is.
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u/Kensurow 23d ago
Who will move back to United States, time rebuilds and install firm factories take times, labor here high, outside USA labor cheat, nobody move back, the way he thinking it wrong
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u/jdakidd13 23d ago
He’s willing to risk your lives on his bet. What’s the worst that can happen, right?
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u/ComprehensiveGas6980 23d ago
If they gave a shit about anything, they would tax billionaires appropriately and invest in American jobs and education. Not cut education and expand tax cuts for the obscenely rich.
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u/SideBet2020 23d ago
Manufacturing is never coming back. That was gone long before the $15 an hour movement. You think they can afford the labor now. LOL
Hey look…..a flying pig!
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u/trebuchetwarmachine 23d ago
Come buy our steel for 4x the cost because we have to recoup from building new plants and paying american wages!
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u/WhiteSpringStation 23d ago
The future is coal and manufacturing jobs with out union representation. Making America great again.
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u/bertbarndoor 23d ago
Trump's plan is to spend ten years in a depression to turn a $10 t-shirt into a $40 t-shirt. Yeah!
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u/SmokyMo 23d ago
I'm sure Americans are dying to work in factories again, maybe even their children, like during the industrial revolution in 1800s, and paid minimum wage or less like in China and India. This whole developed world economy is for losers, right Donald?
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u/infinit9 23d ago
American manufacturing was destroyed over several decades of globalization, which led to the rise of Walmart, Target, Costco, Amazon that sold cheap, foreign made products.
The cost of living and wages in the US guarantees that any product made domestically will be much much more expensive than products made in a country where labor cost is pennies on the dollar.
Restoring manufacturing in the US may lead to more manufacturing jobs in the US, but thanks to automation, it will never be where it was in the 50's and 60's. However, restoring manufacturing in the US will 100% mean prices will go way up.
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u/RossMachlochness 23d ago
Hopefully we’ll be manufacturing bridges so the burned ones can be replaced
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u/International_Eye745 23d ago
If he wants manufacturing back he would have been better to encourage unions in all those countries that will always undercut USA enjoying a livable wage.
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u/narayan77 23d ago
AI robot will replace all manual Labour soon. The mass employment with factories is not coming bqck
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u/OMGWTFBBQPPL 23d ago edited 23d ago
You simply cannot return manufacturing to America and have it be marketably competitive globally without lowering your production costs to those of developing countries and the likes of China.
So who's gonna work in some dystopia where you're hourly rate is potentially in the cents per hour.
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u/Standard_Court_5639 23d ago
This is literally the dumbest bet in the world. A failed economic strategy
If it costs an American company let’s say 25,000, that sells for 35,000 and the car company nets 3-10k to make a car right now as it traverses Canada or Mexico and US.
And wages in Mexico are literally maybe 30.00/day. I live here, and the minimum daily wage is about 14.00 usd/DAY. And in the manufacturing sector the wage is likely at best 33.00/day.
Now throw the health coverage, retirement benefits, and all other benefits on top of that.
You are probably annually all in Mexican worker versus American worker talking minimum 20,000-30,000 difference MORE of an American worker versus Mexican and likely 5-10,000 MORE versus a Canadian.
Just the auto sector alone in Mexico accounts for 700k jobs. Throw in all the other stuff that adds up to make Mexico exporting 500B to the US. You want to repatriate that and think companies are gonna survive? Let’s say you repatriate 300,000 jobs with an average increased spend of 20,000k per worker from Mexico(likely more but being conservative) that’s 6 billion dollars that companies now have to come up with just to get to even.
So how does this car company remain competitive globally if you aren’t intent on being isolationist? And if you are intent on that and Trump is promising you golden age and bringing manufacturing back to US for the blue collar worker, how much do you think that car and all the other stuff you buy that is now being made in countries at phenomenally lower cost, is going to cost you when it is exclusively manufactured in the US? 1. Are the c suite and all the white collar executives going to take massive pay cuts? 2. Won’t the products you buy go up in price exorbitantly to have to match new input costs? So you now have more jobs maybe you think this will also force all the c suite to decide pay even more, well bc Trump says so, but every dollar more you earn will get spent on the same garbage your buying bc they will all commensurately go up in cost. What the companies even in an isolationist state aren’t going to compete with each other. 3. What happens to American ingenuity and competitiveness when it turns inward? 4. What happens when you are dumbing down children who are already science and math awful versus any civilized society? 5. Robotics are already around and only going to accelerate in adoption. And in turn come down in price. How long do you think companies will manage people who fail more, make more mistakes, are sick more, need all the benefits, worker’s compensation, etc, versus a robot that can work around the clock, and within a handful of years is pure profit.
Now unless the blue collar clowns who think Trump is gonna “golden age” them are willing to do labor at what won’t be great wages- kinda like Russia.
Oh hey wait that’s the system. Oh shit I just figured it out. Average salary in Russia is like 16k and most people live in crappy apartments, and oh their freedom is not a thing. And oh yeah the people who get to do what they want and travel out of the country constantly cuz they can afford it— the top tier and of course Putin’s buddies, the oligarchs.
Ah now I get what trumps angling for. And all the Silicon Valley broligarchs. Thiel, andreeson, musk, sacks, karp, the all in crew- cmon one is the crypto advisor to Trump- which is what they want to use in their little city fiefdoms, Chamath was all over cnbc for a hot minute pushing all his SPACS. Yeah those worked out real well for investors.
And then there is the Trump coin. The best laundering bribery scheme going. No one sees, only “hey don you know that block purchase for 20 million dollars of your coin, that was me Vlad, (insert any wealthy person with a need to curry favor with Trump).
Let’s save the devaluation of the dollar for another time and what happens mot just if foreign creditors stop buying us debt but continue to sell, steer to sell or accelerate their sell, before Trump tries to devalue it to lower the cost of servicing the debt or just says as he has done, what 8 times, default. There will be no allies and no trust and America will be isolated not only by choice but by default.
And don’t think that the 85%-90% of Canadians who say no way in hell, are going to just go along all of sudden? What would prompt them to do so? Trump says he shields Canada? Who the hell is gonna attack Canada? If China theoretically did don’t you think America by default would have to stop that…or they are just gonna let China invade and take Canada and establish a border with the US? Jesus. Seriously. So that leaves it to Americans to go ahead and be told and brainwashed or being ignorant, and saying guess we need to invade fucking Canada?!! Who is in NATO.
The silliness of all of this it’s worst than trumps casinos.
And lastly is the people saying to dca or stay in market as it collapses and it will come back. Yeah economically under a complete new world order how long you think that will take? And what will your dollars be worth after the world stops buying us debt and offloads it?
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u/Cory123125 23d ago
The thing is, america totally can turn back into factories.
You just have to make the country as shitty as all the countries the factories are moving into.
It used to be China, but now China has done that grind work enough to be moving out of that phase, so really he just wants to set the USA to a third world countries developing economy rather than developed.
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u/Plantasaurus 22d ago
Serious question: if corporations run America, where the fuck are they now about speaking out?
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u/Ok_Battle5814 23d ago
So he’s basically telling you we’re in trouble so get ready for it and idiots be like “calls it is”
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u/moyismoy 23d ago
I would actually accept this, I just think he's lying. Like exports go up every year, and yet jobs keep paying less, why would this be any different.
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u/Confident_Banana_134 23d ago
Where are we going to go? The only choice when everything gets out of reach and over priced is additional homelessness.
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u/FoxDieDM 23d ago
That’s right, let’s make expensive products for a population that lives paycheque to paycheque. That not a recipe for disaster. You billionaires want this to work, you’re going to have to start paying your employees double.
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u/rotyag 23d ago
What's the benefit of rolling back income levels to factory worker levels from computers, marketing and banking jobs? If we are at full employment, and you are getting rid of low wage workers in immigrants, tell me again who will do these jobs and how it won't cause inflation. [Jeopardy clock]
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u/JuliusErrrrrring 23d ago
Yeah. I know when I walk in a dollar store, first thing I think of is I wish all these cancer causing, water polluting, air polluting, low wage manufacturing jobs were right here in my backyard.
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u/thedeuce75 23d ago edited 23d ago
Fuck this sane washing bullshit from the NY Times. If he really wanted to bring MFG back to the US he should be doing it in a slow, methodical, rational way. Like the CHIPS act for example, which he hates and is trying to cancel, only because it has Biden's name on it. What a fucking joke, I'm done with people trying to make excuses for him, he's an idiot.
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u/doggoandsidekick 23d ago
Bring back factories so they can pay way higher labor costs for unskilled and untrained American workers
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u/Aromatic-Air3917 23d ago
And exactly who are you going to sell it to?
You just stabbed all of your allies, who are also the richest countries in the world in the back and became Russia's sidekick.
I know the American private school is as bad as their public one, but someone needs to do a presentation of how America became the most dominate civilization in the history of this planet.
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u/CuriousCryptid444 23d ago
So whats the plan to bring back manufacturing? Just tariffs? Businesses will just start building factories out of thin air?
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u/Sweaty_Assignment_90 23d ago
He is betting your buisness, jobs and 401k on shakey (at best) economics.
Good luck, we are all gonna need it.
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u/Cautious_Ad_6486 23d ago
I will post an unpopular opinion and say that IMHO you simply cannot give up manufacturing entirely. Producing your own stuff has:
- strategic value: you maintain a degree of independence and can take your own decision without worrying about pissing off the country that makes all your electronics
- social value, providing stable jobs to people with mainly manual skills that don't fit in a white collar job or services
- military value: you need manufacturing capacity to address a potential state of work. Not just having the infrastructure but also and mainly, having a skilled workforce able to step in.
Does this mean that Trump is right? Well no, mostly because he does not give a shit about acrually bringing back manufacturing, he's just chasing easy angry votes. He's also possibly jeopardising trade in services, something that would DESTROY american economy.
But the idea of retaking some manufacturing from south east, asia even if costly, is not inherently bad.
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u/charvo 23d ago
Good to see Trump finally dismantling globalization which has destroyed the working class in the USA. Barista and ride hailing jobs don't pay well. Even low skilled manufacturing is better. China has used this strategy since entering the WTO. China is now a manufacturing powerhouse with good jobs for its citizens.
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u/BitByBittu 23d ago
Who the f wants to work in a factory? I live in third world country and even I will never put my lazy ass to work in manufacturing. Americans are stupid.
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u/Cute-Draw7599 22d ago
No one's gonna take manufacturing jobs that have no benefits and low wages, this is a pipe dream of the Republicans.
They killed off manufacturing in the 80s, outsourced everything, so they could kill the unions, and drive wages down, it's not coming back.
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u/guru700 22d ago
Looking thru some of the comments….In the next 10 to 20 years AI and Robotics is going to make most human labor obsolete. No one is considering that we will have to re-define what an economy actually IS? The corporations have been playing labor arbitrage for decades. When they can use AI with robotics for production; cheap labor with be meaningless. You would produce closest to the consumer or the resources. What model does society build around this? How do you create an economy with only 20% of the workforce being human?
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u/New_Kiwi_8174 23d ago
He paused auto tarrifs a month so the companies could adjust their supply chains. That's the understanding of manufacturing we're dealing with.