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The US can make stuff, and up until Trump took office it was going through the most massive expansions of factory capacity it has seen since the post WW2 boom.
by epistasis 1y ago
The US can make stuff, and up until Trump took office it was going through the most massive expansions of factory capacity it has seen since the post WW2 boom.
However this year seems to be trying to cancel all those big wins. We do have chip manufacturing, but since most of the battery, solar panel, and EV factories went into largely Trump-voting areas, they are all at risk since they are politically disfavored technologies.
- maxglute 1y agoTBF Trump1 had consistently positive manufacturing PMI until covid. A lot of that didn't workout. Biden sustained that for 1st half of his term, but manufacturing PMI negative since 2023 and hasn't recovered. Some of that was reshoring effort from covid... question how that played out. Rest of it was dumping chips money. More accurate to say US tried to make stuff under Trump1 and Biden in response to PRC making all the stuff. But it's questionable US will end up making anything except chips because that's strategic priority, which they can't do as profitablly as TW, but it's sector with high capex that skews manufacturing PMI to appear US plans to make more stuff than they acutally are. Though TBH, as you say Trump2 isn't even trying to build according to PMI because he's fixated on engineering a 3rd term.