“President Trump and other mercantilists are hoping that his tariffs will drive U.S companies out of China, perhaps even back to the United States... It’s not likely to happen.”
The article goes on to say:
“U.S companies are already leaving China”
and:
“The United States will soon need a half-million more skilled workers.”
This fruitcake lays out all his theories about why what the data is showing, will not happen.
US manufacturing employment has been growing faster than the general economy since President Trump was inaugurated. There is a stampede of manufacturers out of China.
The plan is not to get low wage jobs making sneakers by hand.
The plan is to pull our supply chain out of China, so we don’t depend on them, and don’t fund their hostile capability. The plan is to make the USA a favorable place to develop NEW manufacturing operations going forward.
Most of the low wage crap manufacturing will move to other Asian countries in the near term, increasingly to Latin American over the mid term, and eventually to the USA (in highly automated processes) over the long term.
Companies are not closing factories in China and opening a direct replacement making the exact same thing in the USA. But manufacturing in general has been growing and gradually diversifying here, and declining in China.
The issue is not as much bringing jobs back from China, it’s about establishing emerging jobs and manufacturing technology here in the US and ensuring that the capitol investment for new manufacturing systems take place here in the US