Last week Trump said, Nobody has ever seen anything like this.... But he says this a lot. What it really means is, don't blame him for screwing up.
Somebody wasn't paying attention. And unfortunately for the USA, somebody started a trade war without being adequately prepared or fully considering the repercussions.
Now somebody is most likely going to have to surrender and declare victory.
throwmeaway222•3mo ago
bigyabai•3mo ago
The majority of America's economic value is produced in higher margin white collar jobs in the third sector anyways: https://en.wikipedia.org/wiki/Tertiary_sector
Anyone can look at the graph and say for themselves that pivoting to manufacturing would kill the American economy as it has lived since the Reagan administration. It genuinely makes more sense for the US government to pay out-of-pocket for factories like China does, rather than applying tariffs that punish the economy for making smart and profitable decisions.
throwmeaway222•3mo ago
You just said it right there, a great argument to make the tariffs match what is required to allow US Citizens to compete with global slave labor prices - OR block all products built with slave labor.
Also have eating out of lead-lined everything in the meantime: https://tamararubin.com/
bigyabai•3mo ago
If we're going to play the "authoritarian economics" card, it makes much more sense to start building what you want now. The game of hot potato trying to make Intel worthy of Apple's business is a waste of American taxpayer dollars that could be going towards a nationalized fab that doesn't suck Satan's ballsack. It's a national embarrassment now that SMIC can beat American-owned fabs on transistor density and yield.
jqpabc123•3mo ago
With virtually no manufacturing jobs created and higher prices and a lower standard of living for everyone.
Here is what is really going on in China.
https://www.myengineers.com.ng/2025/10/13/western-executives...