The man's whole MO is "trust me bro" so yea I'm not gonna take a conman's word for it in this situation. COVID: gonna disappear COVID: not my responsibility 2020 Election: we had such bigly numbers, dems cheats... Unless you're MAGA...
I 100% guarantee that Trump does not know what he is doing ... he just thinks he does. Trumps is not a details guy ... not a policy guy ... just a concept guy.
Basically this. Donald Trump thinks because of the size of our economy that he can walk arm in arms with everyone into the ocean and that the rest of the world will blink first. That may prove to be true - I can see a lot of nations deciding they have no choice. However, if I were China or the EU I would remember how fickle the USA is to any bad economic news and wait it out. Assuming that the rest of the world blinks first, Trump will claim victory and so will his fans - but it isn't that simple. As Jamie Dimon as recently said, the USA will lose a lot of trust and credibility in the short and long term and there will be long term consequences that are harmful to the USA.
I don't want to pile on the man - but this has been his standing operating procedure since he entered politics. He keeps doing it because it is effective and enough people believe it.
Advanced semiconductor manufacturing was effectively nonexistent in the U.S. just a few years ago. We brought it back without tanking our economy or alienating trade partners. If we can do that with cutting-edge technology, we can certainly do it with less complex manufacturing. Deep cuts to R&D, anti-immigration policies, and attacks on free speech are pushing talent (academics, researchers, scientists, and doctors) to go elsewhere. So how does a global tariff war help? What exactly is it supposed to achieve? No one from this administration, or any supporter of this sweeping tariff approach, has articulated anything coherent.
Yes - they can copy anything you want, but they cannot design worth a damn or do much of anything that requires creativity - it is crushed out of them by the CCP. Chinese national students are usually terrible, as they have been taught memorization and cheating. It is a trick box for CCP, as they want to go from a production to a consumption economy and that isn't going well at all for them. There are other possible production economies like India - but the US relations are poor.
It is not a “misconception” dumb ass. It is an intentional lie. One that is openly and repeatedly peddled by your president and his administration. Hell, I think the trumpers in CF are parroting that line.
They want more favorable trade policies. I think the stretch goal is stop currency manipulation. The US dollar is so strong that we can't even think about manufacturing .
Right - except if you are an insecure, thin-skinned member of the ruling demographic and are afraid that the rest of the world will turn into South Africa, it doesn't look so bad. The wealthy had a level of control and power in the 1880's that doesn't exist now. Can you imagine Trump being told "no" by a woman 150 years ago? There was no DEI in the 1880's... what Master said carried the day, and if the working man got enough to eat and sleep in a slum, it was generosity that made it so.
I think the US thought that's what Japan was too in the 80s until they started building upon what was copied until they made better products. I'm not sure I believe the myth that innovation and inventions can only come out of the West due to some cultural superiority. If funding for moonshot projects are there, innovation will follow. And with the US destroying our funding for that stuff, don't be surprised if other countries take the lead on it.
Advanced technologies like semiconductors is going to suck up some of the best talent. Its also a small position relative to the overall economy. We are also dumping hundred of billions of dollars into this venture. The same with AI and Space. These are all investments in future tech. All of this talk has little to do with the other problem - Manufacturing large volume of modern products. You are very much vested in this semi-conductor discussion. Semi-conductors are incredibly valuable, I am not dismissing that. However we are not going to employ a huge portion of our population in this field. I don't take trump literally. I understand how Trump operates. He operates via chaos that he controls. Sometimes it works and sometimes its terrible, however nobody what he really is thinking nor the outcome. Markets can't operate like this and as he is an real estate guy, he doesn't put much thought into the stock market ... just like the 60% of Americans who do not own equities. Only rich people get highly upset when they see drops like this (Which I thought we were suppose to care about). At the end of the day, all I care about is increasing our exports relative to the global economy while decreasing our imports.
Answer me this. Why is it the vast major of you liberals respond with constant insults? Do you really think you're that superior? Answer in an adult manner or just ignore this post.
He literally wants every country to call and "beg" to negotiate, it fuels his narcissistic side. He wants to be the bully on the block and wants to talk loudly and carry a big stick. The trust from the rest of the world is what I am worried about long term and what scares me even more is the brazen approach to firing and shuttering agencies who not only do good works for us but the entire world. trump and team think that poor countries that need aid should pull up their bootstraps and "do better" and quit being POOR.....the realizations of this will take years and decades, maybe a scientist was on the verge of curing Cancer or Aids, we may never know how close we WERE. I am all for finding fraud or the so called "deep state" but all I see is a purge of the federal government. I would have no issue taking a rational approach to EVERY department, hell I would have been much happier for trump to attack tariffs with NEGOTIOTATIONS first....................that little thing called diplomacy. If at the end of this every tariff is renegotiated than all this loss could have been avoidable, but trump wants chaos, he thrives in it and makes it impossible to concentrate on one fiasco because you have so many at once