Trump is 100% right on manufacturing and the desire to end the multilateral agreements, in favor of bi-lateral agreements.
The United States is the number one consumer market in the world. When the US enters into multilateral trade agreements, that has the unfortunate effect of taking our superior position as world market leader and we treat smaller market signatories as our equal.
We squander our market leadership position without getting more consideration from the weaker signatories.
Without the premier United States consumers, Apple would not have released the Iphone, it would not have made economic sense. Samsung would have killed Apple in the cell phone market.
Samsung is made in China and Korea, as is the iPhone. Again, if this were made in the US by people demanding $40.00 an hour, it would also be a $12,000 phone! (Exaggerated)
We have priced ourselves out of the manufacturing market.
I would LOVE to see manufacturing come back to the US. We have people who make $2.00 and less to build product in foreign countries. $2.00 is a very high number, by the way. We demand the highest of pay as well as the highest margins. No-one in any country, including the US would buy our overpriced products.
Trump has never proposed how he could even dream of bringing manufacturing back to the US. I would love to hear how he would “make” this happen. Sincerely.