President Donald Trump stated that Apple could create computerized production plants in the US to produce iPhones at the same price they are being produced at now after threatening to levy tariffs against the company.
I can see concepts of a theory of a plan of how the US could try to bring manufacturing back and it could work if they had a 20-year plan to raise tariffs by 1% a year and promote long-term subsidies for education and factory/infrastructure construction and to build a political consensus…but that would take lots of skill and discipline…this…dude wants to break everything, build factories and know-how overnight, lol. All while kicking out immigrants, so you have both a shortage of labour, inputs and products.
Unclear if he actually wants to do that. He may just want to make money off of his crypto meme coin and via market manipulation.
Its up to his supporters to see through the facade but given the average education level in the US (>50% read at a grade 6 level, not even high school) and general addiction to social media, it’s unlikely.
I can see concepts of a theory of a plan of how the US could try to bring manufacturing back and it could work if they had a 20-year plan to raise tariffs by 1% a year and promote long-term subsidies for education and factory/infrastructure construction and to build a political consensus…but that would take lots of skill and discipline…this…dude wants to break everything, build factories and know-how overnight, lol. All while kicking out immigrants, so you have both a shortage of labour, inputs and products.
Unclear if he actually wants to do that. He may just want to make money off of his crypto meme coin and via market manipulation.
Its up to his supporters to see through the facade but given the average education level in the US (>50% read at a grade 6 level, not even high school) and general addiction to social media, it’s unlikely.