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The trouble is that no company is going to want to invest in new/expanded US manufacturing facilities that only make sense under the just announced tariff regim
by HarHarVeryFunny 2y ago
The trouble is that no company is going to want to invest in new/expanded US manufacturing facilities that only make sense under the just announced tariff regime, unless they have confidence that this is the new normal, and won't be rescinded any time soon. Would you want to bet that current tariffs will be largely the same next week, or next year, or in 4 years time?
- vessenes 2y agoTotally agreed. Among the many complaints I have here, this is a big one. As long as Dems are saying "this sucks we hate it we will change it", we have a lot of uncertainty, and so it is definitely not time to build factories. I'd contrast this with the Obama energy policy, which was a significant change in US policy toward energy independence, consistently and fairly quietly applied without generating a worldwide recession or trade war.
- Izkata 2y agoIf none would, then why was it already starting? https://www.investing.com/news/politics-news/investment-commitments-in-us-nears-3-trillion-since-trump-took-office-3945050 https://www.investing.com/news/politics-news/investment-comm...
- HarHarVeryFunny 2y agoThat's all politics and lies. e.g. the $100B Softbank (OpenAI datacenter) investment was in place ~6 months before Trump took office. It doesn't cost the UAE a penny to do Trump a favor by announcing a $1.4T investment. Let's see if they actually spend a penny.