Chrkeller said:
Bodes well for the mid terms? In theory tariffs don't bother me, if it brings MFG jobs back. While some companies have "committed" to bringing jobs back, I'll believe it when I see it. But having jobs back, on paper, would be nice. https://www.cbsnews.com/news/us-manufacturing-domestic-tariffs/ We shall see. Long term, paying a bit extra for a video game system to have jobs return... I lean towards jobs. Assuming any of this works. I remain skeptical (on follow through) but Nvidia, TMSC and Apple investing billions in US MFG? J&J? Merck? If this happens, sorry but paying $50 more for a ps5 is well worth it for the economic impact. |
What might ultimately happen is that the USA keeps fisting it's closest allies, alienating them so they seek stronger ties elsewhere... Which is what is actually happening on the world stage.
The world is a larger market than the USA. China and India are high-growth. I know the EU and Asia/Pacific are forming closer ties with each other.
My retirement fund has divested all it's holdings in the USA and is now investing into Europe because the USA is a crap trading partner now.
Majority of the technology and R&D research into chip fabrication is done outside of the USA.
ASML is Dutch. TSMC the leader in chip manufacturing is Taiwanese. Even the CEO's of AMD and nVidia came from Taiwan, which seems to be the tech-center of the world, not the USA.
The USA as a nation is just to expensive to manufacture in, they tend to import their high quality work force which can now work elsewhere.
Resources are also changing gear, USA with it's trade war with China is opening avenues for nations like Australia to start competing on rare-earths. (Which actually aren't rare at all.) Rather than the USA start mining and refining the stuff.
Honestly, Trump has done more harm than good, ultimately the USA is the loser long-term in all of this.
--::{PC Gaming Master Race}::--
