And yet, FoxConn is moving to America. So is AliBaba. The guys who sold us out have lost power. Frankly, I expect the HUGE shift in our trade balance is going to happen as the price of energy falls... as it is about to big time. Clean energy will mean there’s no reason to ship our iron ore to China, have them do the dirty work, and ship it back to the U.S. No matter what the relative costs of labor are, it’d be so much cheaper to make our own steel (for instance) than ship everything back and forth, if only our energy and environmental policies permitted it. Not only will solar energy be cleaner, it will also drive the price of coal and gas way down.
Yes, you’re so used to false hype about solar, you probably didn’t realize it was actually about to become true hype. Even without subsidies, solar is now cheaper than many fossil fuel energy production techniques, and it’s going to continue to go down in price. And no, it won’t all be made in China. Trump is too smart to let that happen. In turn, that’ll drive down domestic demand for coal, which will make it cheaper (and in turn, keep demand from falling too far.)
Foxconn is building one factory.
One. That is a start, but we will see. Alibaba is a huge Chinese company, I think that they are not so much “moving to” America, they are expanding into America.
We have been sold out, for so long, by so many, that we need someone to completely turn things around now.
Trump said some things, as a candidate, which made me think that is what he had in mind.
Haven’t seen those yet, but we will see.
I think North Korea is a higher priority right at the moment.