Automation over the decades has also contributed to the decline in US manufacturing.
Then AI would be making things in the US!!!! But it's not...still in Asia...
Trump is trying to recreate the America of his youth but, sadly, it's long gone.
No. That's not the objective.
The objective is to reduce the trade deficit by the only means available to the president - tariffs.
The only thing that matters is the survival and sustainability of the country. Not how the shoppers feel...
The US started its manufacturing suicide ("because it's cheaper") in 1973 when that POS Nixon kissed Mao and "opened the doors to China"...thinking that this will make China into Switzerland. Instead, the Chinese monster is now a military threat to the US as never before...all paid for with US trade dollars...
That's how naive Americans were then and still are...
If the stores were forced to add the true cost of selling "cheap" imports to every bill, Americans would wise up very quickly.
Right now, it's just added to the national debt and the bucket keeps rolling down the road.
but it did in the UK and Germany and probably many other countries.
I don't give a fvck about Europe...