So you never answered me, do you understand Trump is lying when he says foreign countries are paying the tariffs and we will get rich? Not a lie. Absolutely, foreign countries are paying higher tariffs, literally generating revenue for the United States government. The point is that making foreign goods more expensive encourages John Deere, who just moved huge operations to Mexico last year, is now saying, "Oh, yeah, but we're going build 20 Billion dollars worth of facilities in the US, right away now.
That was never going to happen.
Tim Cook is putting 1/2 trillion dollars worth of assembly systems that were in China & India, in the US. J&J, $55 Billion. Honda, moving its production of Civic Hybrid Hatchbacks from Japan to US. Hyundai $21 Billion. IBM. Merck. NVidia, first time in history, manufacturing chips and AI manufacturing to the US, with AI supercomputer manufacturing in Texas and Blackwell chips in AZ. Roche, 50 Billion research & manufacturing facilities in four northeastern states. TSMC, 165 Billion total investment in US manufacturing.
This shit didn't just happen.
Sorry, it didn't. If consumers here have to pay a little higher prices for the goods we're not importing from elsewhere, temporarily, that may be something worth doing if you'd think about it for a while. |
