So sayeth the liberal. Factories sit empty in China now, with the companies moving their operations back to the US to avoid the tariffs. The Yuan is now worth 14 cents compared to the US dollar, and the Chinese market is in free fall.
@TexChik Ah no... It'll take years before if ever those jobs come back to the states....I hope they do, but be realistic, no American is ever going to do the same work for the same price as the Chinese can, if the jobs come back then costs will go up
@Convivial Nope its happening right now. The Auto industry is becoming Americanized again. Foreign countries are investing trillions in the US in order to be able to manufacture and sell their product in the US. Many other types of industry are following their lead. It did not take years during the last Trump administration. All those factories sitting empty in the US can be retooled and production started within a few months providing Americans jobs and American built products.
@Convivial But the trade deficit with the EU has become untenable. Much of America's Auto manufacturing has moved out of the country (Libs make companies want to do that). Trump wants them back or they get the tariffs.
@TexChik if had been paying attention you would know that the deficit between Canada is larger than with the EQ. Late to game as usual, however it expected , wrong again.
Deficits were recorded, in billions of dollars, with China ($295.4), European Union ($235.6), Mexico ($171.8), Vietnam ($123.5), Ireland ($86.7), Germany ($84.8), Taiwan ($73.9), Japan ($68.5), South Korea ($66.0), Canada ($63.3), India ($45.7), Thailand ($45.6), Italy ($44.0), Switzerland ($38.5), Malaysia ($24.8), ...Feb 5, 2025. Fact checked real numbers.
