US President Donald Trump told world business leaders on Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the White House this week. … “Come make your product in America and we will give you among the lowest taxes of any nation on earth,” Trump said today, speaking remotely to the World Economic Forum (WEF) in Davos, Switzerland.
“But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff,” he added.
Get ready for The Great Depression Pt. 2: The Electric Boogaloo
Cool let him isolate the US from the rest of the world
I hope that’s the result. Unfortunately, here in Canada there are companies looking at doing some manufacturing in the US (i.e. sending incomplete parts for finishing).
*edited for grammar error
I’m also going to ask Saudi Arabia and Opec to bring down the cost of oil
We don’t deserve our outrageous amounts of wealth and oil, i hope one day it will dry up and just convince people that living under an autocratic monarchy isn’t so great (who would’ve thought??? 🤯)
I think the more salient thing here is they’ll just tell him no.
I think Trump and his people are soon going to find that manufacturers need the U.S. a lot less than they think they do.
Probably. But MBS is an idiot so I wouldn’t put it past him to agree, probably to get trump to like him thus increasing his power over the US.
Im not him though, this is complete speculation.
Just noticed your edit, we depend on the US for our military who are complete clowns, but the real scare is the SANG, the national guard. The sauds are paranoid of coups or revolution so the SANG are stronger than our army. Without the US the national guard is weakened thus leaving the monarchy vulnerable then overthrown.
I was under the impression that he owed them a lot of money, but maybe I’m misremembering.
I think he does but I’m not sure. But it’s still very important for us to have US support (explained in top edit)
So he really has no idea how tariffs work
Yup
Make your products in the USA or force my constituents to pay inflated prices for everything.
… wait
Either he’s an idiot or he thinks everyone listening to him are idiots and I can’t decide what’s worse.
-
Trump’s degree is in economics.
-
A lot of people who support Trump are worried about having low-skill jobs in areas that the US is not competitive in that pay well in the US, which is hard if they have to compete with the rest of the world.
You may come to your own conclusions.
-
Probably both. Idiots rarely see beyond their level of reasoning
Hey, there is another option. Corporations could illegally decide to absorb the cost of the labour and tank their share prices.
I’m not quite sure which option would implode the economy faster, but it would be a neat experiment.
Burn it! Burn it! Burn it!
I mean, he just threatened them on Russia despite our trade being nearly nonexistent with Russia for the past three years. So yeah.
Someone should tell him who actually pays the fucking tariffs. I kinda get the feeling that nobody around the motherfucker even tells this dipshit things he clearly has wrong because they’re afraid of losing their status if they call him out for being a dumbass.
Yes, the consumer pays the tariff, but it does impact the seller as their products will now be more expensive which will potentialy drive down demand and/or eat into profits.
Maybe in some cases the price increase will stop sales (if it doesn’t, yea, it’s extra sales tax), which if there is no investment in expansion of local replacement capacity (of course not, trump and his toadies can’t think that far ahead) will lead to shortages in the US and less revenue for the exporter. Either way, it is a lose-lose situation, but trump will be happy to have hurt the exporter (or they lower the export value to absorb the tariff)…
I also think part of the plan is that voters will cyclically vote in Democrats after things really hit the fan and then they’ll be able to fix large portions of the mess that have been made before people get too comfortable and vote Republican again and they can fuck everything up.
Is this all a bid to ramp up the price of his Trump Coin?
Btw…Rev. 13:16-17
Meanwhile, this orange traitor fucktard shut down the entire fucking NIH. What the fuck do any of his enablers think is going to happen to all of pharma and all of biomedical research? How the hell can we make drugs without clinical trials? Where are the drugs going to be made?
It could not be more obvious that he is working to destroy the United States at the behest of foreign adversaries.
"and we will give you among the lowest taxes of any nation on earth,”
Ummm, I’m pretty sure most manufacturers care way more about wages than taxes. Taxes are important in white collar businesses or between areas with similar wages. But the wages of a US factory worker are much higher than a worker in China. They are likely higher than in EU, too, though maybe not by as much.
Is the plan to bring low-wage jobs to the US? Or is the plan to pay higher wages for the same job and pass the cost to the consumer? Or is the plan to add tariffs that get passed on to the consumer? Because I’m not really seeing how this helps anyone.
Plan?
They probably eventually plan to bring back forced labour. They ‘deport’ people, and when that’s too arduous, they’ll round them up in camps and make them work their ‘sentence’.
I don’t think they actually stupid enough to deport their low wage vulnerable workforce when they can just further exploit them.
Now with all the private prison people he has in his cabinet this is making more sense. The one thing that they will have an abundance of is prisoners people being falsely imprisoned for bullshit charges. What better way to use them than to get some free labor
I’d rather we make our own products and stop trading with the US altogether.
Agreed. Also from the US perspective. Global trade should be for bespoke high-quality regional goods, not commodities. There is basically nothing from China that the US gets that should be made in China and shipped to the US.
The people selling the goods never pay the tariff
So where are those factories gonna come from, and whose gonna work in them? He’s also saying he’s going to get rid of all the immigrants and we only have so many people being released from prison that are willing to do non-union factory work.
And he also still thinks that a tariff is paid by the exporter and not the importer.
So if we get to a point where tarrifs eventually lead to products being made domestically, anf this reduces global shipping, does Trump understand that will be a low carbon policy?
Yes, he said that as one of his major points on his Rogan interview, granted he said that while mocking Biden’s climate policies.
