Khanna believes manufacturing ‘isn’t going to come here’
Khanna believes manufacturing ‘isn’t going to come here’
Rep. Ro Khanna (D-Calif.) believes manufacturing “isn’t going to come” to the U.S. despite the Trump administration placing tariffs on countries to do so. Khanna, who represents Silicon Valley, joined CBS News’s “Face the Nation” on Sunday, where he said he doesn’t think manufacturing for technology...
Khanna, who represents Silicon Valley, joined CBS News’s “Face the Nation” on Sunday, where he said he doesn’t think manufacturing for technology will come to the United States and that it will instead go where there are lower tariffs.
Even if you give the regime the benefit of the doubt and say tariffs can bring back manufacturing, it would be vital to have stable and predictable tariffs that are in place for the long term.
Even if Republicans believe their own bullshit, they're still fucking it up.
A stable and predictable government also helps.
Trump is the most stable and predictable genius. Everyone says so.
NO manufacturing will come back to the US, because in the end, money reigns.
unless you’re financing those factories here, willing to buy here
Always a catch!
Of course it won't. Bring manufacturing is not the goal. The goal of the tarrifs is for the American People to pay the government more (which I'm sure the current administration will spend responsibly /s).
I'd spent some time in Central America and I'm getting flashbacks, when I hear Trump talking about these tarrifs. I don't want to insult other countries by what I observed, but one place in particular had a weak infrastructure. Roads, especially, were poorly maintained. Potholes (sometimes the size of the hood of a car) were everywhere - even on the (few) highways. The resulting traffic and congestion were the norm (even outside the big cities in the rural areas).
The strange thing was, everything cost as-much or more than North American prices. Especially for things like food/groceries. I was told that the locals often ate beans and rice, as it was affordable.
I was surprised to see, that even with the high prices for groceries _the locals were still shopping there. _ So, this wasn't a "front" for the tourists. I found this odd as I was thinking "with the prices of everything here, someone is making bank! Where is that money going?"
Then, I'd drive past the frequent police check point along the roads and highways. The police had many nice Hummers and SUVs, I saw female officers brandishing assault rifles, everyone dressed very well.
I heard that the country charges a high tax on imported goods, but nothing on domestic goods. This, in theory, is to promote "local manufacturing", but the country doesn't have the infrastructure to support it. And (I'm guessing) the government isn't interested in creating the necessary infrastructure, because it would mean giving up their cash cow. So, the government gets rich, while the people suffer.
This is the dystopian future of the U.S. Pay attention to see how much importance the current administration puts into maintaining and improving the existing infrastructure. How's that rural high speed internet coming along? /s :(
edit: typos2
If Drumpf and fElon succeed in destroying unions, dismantling regulation and push the economy into a depression wages will plummet even in absolute numbers not just inflation adjusted. Then it becomes affordable to bring back manufacturing. That’s what everyone who voted for Agent Orange wanted right? Right?
If he introduced a policy and stuck with it, it might have had some impact, but with his on again, off again tactics, I can't see anyone investing millions knowing that the tarrifs might disappear the next day.
Yes it is coming here. The companies that are making this happen are all tech/AI based. These factories aren’t going to have human employees
Dubious.