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Companies have been moving factories from China to Vietnam piece by piece since Trump 1.0.
“WTF just happened?” — China
I'll bet two things happened:
A. Countries were begging for time
B. China was trying to create a "Coalition" to pressure Trump.
The president said: 'I did a 90 day pause for the people that didn't retaliate, because they told them, if you retaliate, we're going to double it. And that's what I did with China, because they did retaliate. So we'll see how it all works out. I think it's going to work out amazing.'
rebuilding our lost industrial base will take years
They were doing things like pitching a tent over the jobsite and heating it to 50 degrees in the winter so construction could continue.
Tesla's Gigafactory in Texas, also known as Giga Texas, took approximately 21 months to complete its construction. The process began in July 2020, and the factory officially opened with the "Cyber Rodeo" event on April 7, 2022
Anyone who thinks complex manufacturing can be moved stateside in weeks should look at how the objectively the most fast-moving and efficient of all modern industrialst did that:
Eric Holder says
Anyone who thinks complex manufacturing can be moved stateside in weeks should look at how the objectively the most fast-moving and efficient of all modern industrialst did that:
Nobody thinks that. But we're not postponing the end of the disastrous import-dependent economy we've have for over 30 years. That's ending, period.
The reality was the shift to Globaloney and mass importing created the most unstable, anemic growth in US History.
It can be done in a year. Stop believing dip shits that think they know geopolitics. Building something is exponentially different than creating something and has nothing to do with geography.
WookieMan says
It can be done in a year. Stop believing dip shits that think they know geopolitics. Building something is exponentially different than creating something and has nothing to do with geography.
Correct. WW2 is one illustration. How modern plants move FROM the US and built a plant rapidly in the THIRD WORLD in about a year is another example.
Eric Holder says
Anyone who thinks complex manufacturing can be moved stateside in weeks should look at how the objectively the most fast-moving and efficient of all modern industrialst did that:
Nobody thinks that. But we're not postponing the end of the disastrous import-dependent economy we've have for over 30 years. That's ending, period.
building up domestic manufacturing over several years
RWSGFY says
building up domestic manufacturing over several years
Trump doesn't even consider 'gradually', he doesn't have several years.
Also he has seen that anything that takes that long is easily derailed.
The truth of the matter is that decades of open borders policy – for both people and goods – coupled with the benefit of a money printer, have not only put countless American companies out of business and destroyed countless American jobs: they have predictably hollowed out the very core of American culture. Import the Third World – and its cheap goods – get the Third World.
The American nation is sick, poisoned by a cabal of moochers and looters, and to recover what it needs is not positive quarter results for its biggest corporations, but a detox. A real hardcore reset, that will necessarily feel uncomfortable; but is the only way for the American genius to flourish once again.
Often, maintaining civilization requires sacrificing profit and economic efficiencies, and putting the (really) long term before the short and medium term. It is about putting the ethereal and spiritual before the material. Cathedrals were never economic decisions: that’s why their eternal beauty still fascinates us. They were not meant to earn a return for investment, but to make the whole city wealthier – in the true sense of the word – not richer.
We’ve let the merchants and money people lead us for a long time – and yes, initially that resulted in economic growth and even, for a time, cultural greatness. But we paid a price for that. We got rich, but we became shallow. In time the traders, moochers and looters carved out a permanent position at the top for themselves and structured our great Western Civilisation around growth, gains and GDP.
It’s time to take back the reins and put Beauty, Culture and Nation first.
There are many ways to skin a cat and this particular one makes no sense to me.
We have over $10 million in new orders for infrastructure jobs that are now in limbo and having to be re-bid or even re-designed based on the huge increase in prices from the equipment we manufacture in Europe due to the 10% tariff.
Why manufacture it in Europe? I get you probably don't have control over that yourself, but that seems stupid if being honest. Forget Trump, your company could have been tariffed 100% back in December regardless of administration.
It would be like asking why doesn't Ferrari move its factory to the US.
RWSGFY says
There are many ways to skin a cat and this particular one makes no sense to me.
No one has ever even TRIED to skin the cat. Just constant lip service from both Republicans and Democrats.
I am personally willing to give Trumpworld some more time and grace over the next month to see what they can negotiate. I have probably felt more pain in my line of work this past week on tariffs than most here at Patnet. We have over $10 million in new orders for infrastructure jobs that are now in limbo and having to be re-bid or even re-designed based on the huge increase in prices from the equipment we manufacture in Europe due to the 10% tariff.
why doesn't Ferrari move its factory to the US.
With this immediate 145% tariff idiocy we'll have to deal with massive price inflation and/or shortages. Basically the same shit we endured during the coofdemic.
Aaaand iPhones are exempt from the idiotic 145% levy as of late Friday.
Pfft, you should've opened your own manufacturing facility in the US last week and not have this problem anymore. Just pretend it's WW2 and everything will happen in days instead of years. 🤡
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In Canada the government with its controlled media, whipped up Canadians into an anti-American frenzy. They pushed not buying US products, booed the US national anthem and even had its hockey team attack the US team. Nothing happened to deter the Fentanyl. Whay do you think is going to happen now that the month is up ????
In Mexico, there was a push for cartel friendly laws and a prohibition on using GMO corn (an American product). What the fuck do you think is going to happen ???
Their respective currencies are going to look like toilet paper and that's just the start.
For China. They didn't do anything about the Fentanyl, so they get an extra 10% tariff with the thought of more to come if they don't get a move on.