Too much credit is given to the USA at this point of
time. What does the USA produce today besides weapons of destruction?
And not to forget garbage of course, which Trump is clearly advertising.
And everything usable that the USA is trying to produce now is not
going to be competitive. So, what strategy is going to work for the USA?
Luring manufacturing back from the EU to the USA is a dumb move to say
the least. EU manufacturers are just jumping out of the frying pan into
the fire, because they are also producers of uncompetitive and expensive
goods. When you cannot compete, you lose the market and who do you
intend to sell your products to?
Luring European manufacturing
to the USA is not going to solve USA's uncompetitive situation. Making
products that are way more expensive than China is not going to be
workable. Moreover, China has an overcapacity advantage, while the USA
is just trying to build up its manufacturing capacity to provide
retailers like Walmart with 'cheap' goods. How cheap can they be with
energy cost, labor costs and raw materials way above what China is able
to provide for its own manufacturers. Please do not try to pull wool
over people's eyes by using the term unfair 'subsidies' that the USA
itself is doing big time, using suspicious terms to hide the reality,
like 'Inflation Reductions Act' or throwing billions to attract foreign
chipmakers to set up plants in Arizona. Those are subsidies, clear and
simple. Even that is not making those chipmakers conquer the world and
instead losing the China market in the process.
Anonymous
PS. Poor beggars with their industries and economies collapsing and still pretending to be strong, and wanting to start trade wars with China. One by one, the European economies are going into recession and the Euro is now the cheapest against the American dollar. This is the most prominent sign of Europe going into recession and bankruptcies. Thanks to Von De Leyen and the clowns in Washington.
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