Manufacturing employment in the U.S. peaked in 1979. By any objective measure -- political, economic, social, etc. -- that year was the LOWEST point in the post-WW2 period of American history.
Of course it was, they have been systematically through, regulation, tax, and trade policy been extracting US’s wealth and manufacturing for the last 4 decades. Its not going to turn around overnight, but this “tarriffs” are the worst thing in the world nonsense is just that, NONSENSE.
Who loses in a trade war with the US?? We have the largest economy and the largest consumer economy on the planet! Seriously, who’s hurt more... That the US can’t import a car into Sri Lanka? Or that Sri Lanka can’t import a cheap good into the US?
Folks just don’t get how much, even now of a powerhouse the US economy is, and if it was managed sanely would be that much more.
To put it in perspective, the UK is the second largest economy in all of Europe.... care to guess what its GDP per Capita is?????
Its less than ALABAMA’S! That’s right, Alabama, hardly an economic powerhouse, but if it were its own country, its GDP per capita would be more than the UKs!!!!