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People that can still afford stuff will be so cool. The hippest tech, biggest cars and newest kicks, everything will be uber exclusive. This is good for america because reasons.
People with lifted pickup trucks can now go into even more debt, so they can flex on the "poors" (while complaining about their "economic anxiety").
Not to worry. If gas is a little cheaper while they fill up their tanks at the pump, they'll be happy to pay [insert car financing company here] exorbitant amounts of money and think they're winning
I think car industry regulations (ratio of gas per weight or something) are one of the incentives for production of such trucks. So again - this may eventually get better if "deregulation" stops being a curse. Not with Trump, of course.
If that is truly their plan, they are dumber than we fucking figured.
If a billionaire wants to buy a swimming pool, he needs a considerable amount of other people to be able to afford swimming pools or it it becomes impossible for him to get one at all eventually.
To have a swimming pool, there needs to be an industry of specialized labororers who can manufacture and install. There has to be electricians who specialize in mixing water and electricity. There has to be people working the factories where the chlorine gets manufactured and bottled.
This is true for every product that billionaires consume. You really gotta think that these people with all this wealth would have people on the payroll pointing this out to them.
That is more of a millionaire problem. A billionaire can afford to fly the specialists and the materials in from Europe.
Party officials in USSR kinda managed to keep such an industry for their nice things. It's not as complex as computers.
Especially because every grift that trump has made, his shoes and the like, were all made internationally. Wonder who will pay for those tarrifs when he does the same?
Thing is all that crap can be stitched together by 12 year olds in Alabama instead of 12 year olds in China.
I don't think he can really comprehend a chip fabrication plant costing 10 times his entire net worth. He probably thinks that what they make in "Silicon Valley"...
I recently saw gamers nexus' Intel tour. It was like seeing a sci-fi movie, it's incredible how advanced the stuff they do is. I also found it incredible how much it takes to build a chip... It takes about 2-3 months from wafer to chip.
After spending 3-4 years building the factory and even more time finding and training staff.
But, sure, tarriff the hell out of things that can't be made domestically for (optomistacally) half a decade. That'll certainly make it happen instantly...
/fucking morons.
I'm sorry, but you people talk about making state-of-the-art chips, while in many cases something like year 1990 will do. It'd be a very ambitious endeavor too, but both realistic and useful.
What they are doing will reduce economic competitiveness of the whole USA, but in terms of incentivizing domestic industries it will work. No miracles, but it will give incentives to what can be done quickly enough. And if we consider that electronics already are cheaper in US than in EU or in Eastern Europe, this won't be too bad.
I'm not a Trump fan. Just - what these people want to do is not without rational justification in economics. It's a weird justification, of the kind USSR's strategy of existence had, but then the reasons USSR failed were not in that part about self-reliance in strategic industries. One can argue it collapsed because it didn't really achieve that due to administrative inefficiency, as in "went bankrupt". It was exporting fossil fuels to finance the appearance of domestic heavy industries, which were not profitable. At some point that wasn't enough money.
It still takes time to spin up a chip fab, even one with 30 year old capabilities.
And, since nobody domestically makes the machinery needed, that too will be subject to the import tarrifs and probable delays caused by the ensuring trade war restrictions.
That's true. For us to compete we just need the same in the US! We just need uhhhh
https://www.tsmc.com/english/aboutTSMC/TSMC_Fabs
Just drag Taiwan into US waters. It's easy bro.
Sounds like the plot of a Michael Bay movie, I’m sold
It won't be paid from his net worth or from even the government's budget.
It will, if it happens, be expected to redeem costs based on the demand of the whole USA, which is, ahem, an obscene amount of money.
Anyway, you don't have to start with something like TSMC. Producing MCs for home appliances is already very cool.
He's fixing the economy, duh!!!
This will boost the American job market and increase manufacturing ability.
Yes, I cannot wait for America to start making Sony and Nintendo consoles. Well done Mr. Trump!!!
This is good. Same way forest fires can be good.
But those people thinking they'll be the elite don't quite realize how exactly.