Bah, typo in the title, Bring Manufacturing Back
I'm not a Tucker fan but here's a recent lengthy interview with Bessent, too long to summarize but I'd like to talk about this idea of bringing manufacturing back.
Bessent did agree that tarrifs will cause prices to increase, something Trump has said won't happen. In his example, he said a 10% tariff would give rise to a 1 time ~2% price increase
Back to bringing manufacturing back. I have aerious questions.
1. Wheres the labor force suppose to come from, particularly considering it's to replace cheap labor over seas? We don't have Chinas slave labor
2. Why would a company invest the massive amounts of capital expenditure required to bring manufacturing back to the US based on 1 POTUS executive orders and less than 1 term remaining?
3. Apparently the DOGE team savings won't be savings, but rather a partial offset to reducing taxes per Bessent.
4. Everything from not losing seats to get all this passed, plus the tax bill it all seems like a high impossibility under a single 4 year term. It takes years to move manufacturing bases. Doesn't Trump need the democrats?
I'm not a Tucker fan but here's a recent lengthy interview with Bessent, too long to summarize but I'd like to talk about this idea of bringing manufacturing back.
Bessent did agree that tarrifs will cause prices to increase, something Trump has said won't happen. In his example, he said a 10% tariff would give rise to a 1 time ~2% price increase
Back to bringing manufacturing back. I have aerious questions.
1. Wheres the labor force suppose to come from, particularly considering it's to replace cheap labor over seas? We don't have Chinas slave labor
2. Why would a company invest the massive amounts of capital expenditure required to bring manufacturing back to the US based on 1 POTUS executive orders and less than 1 term remaining?
3. Apparently the DOGE team savings won't be savings, but rather a partial offset to reducing taxes per Bessent.
4. Everything from not losing seats to get all this passed, plus the tax bill it all seems like a high impossibility under a single 4 year term. It takes years to move manufacturing bases. Doesn't Trump need the democrats?