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Topic Title: Trump tariffs are already working! Topic Summary: Created On: 11/08/2024 12:26 PM |
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To bring jobs to Cambodia, Vietnam, Mexico, and Brazil.
Steve Madden just drastically changed its business to avoid Trump's tariffs ------------------------- "Are you a Communist?" "No I am an anti-fascist." "For a long time?" "Since I have understood fascism." -Protagonist Robert Jordan, "For Whom the Bell Tolls" (Hemmingway) |
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Bringing jobs here and stopping the subsidization of our enemy. More winning. And he's not even president yet.
------------------------- I :heart; Q |
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Bringing jobs here and stopping the subsidization of our enemy. More winning. And he's not even president yet. How so? They declined the last time Trump was in office. In Trump's first two years, the economy added 462,000 manufacturing jobs. But that growth leveled off in 2019. In fact, for the full year in 2019 - before the pandemic-fueled recession hit - there was a loss of 43,000 manufacturing jobs. That's what Buttigieg was referring to when he said that "even before the pandemic, America went into a manufacturing recession." --- Under Biden, there have been significant investments in factory-building. The Inflation Reduction Act included tens of billions for clean energy development, and the CHIPS Act provided $39 billion to fund manufacturing facilities in the U.S. and $11 billion for semiconductor research and development. Indeed, Bureau of Economic Analysis data show private investment in manufacturing is way up under Biden, rising about 90% since the fourth quarter of 2022. But it may take years for those investments to show up in manufacturing job data. "There is certainly a lag of some time," Tonelson said. "It takes time to build factory structures, to get in all kinds of necessary equipment and then to hire workers." ------------------------- I was right. |
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Trump tariffs are already working!
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