“This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing,” Trump posted on his Truth Social platform, promising “ZERO TARIFFS and “no environmental delays.”

https://archive.ph/CucF8

    • huppakee@lemm.ee
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      4 days ago

      Well it’s not like putting your money in the stock market is a good idea either.

  • wabafee@lemmy.world
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    3 days ago

    I have this feeling companies will just hunker down and wait it out until the next guy comes into office. While everyone suffer.

  • FauxPseudo @lemmy.world
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    4 days ago

    They can’t. The ability to get an equipment loan is dead. It will take years to build factories. Longer than the presidential term. When you move fast you break things. In this case they broke the global economy.

    • huppakee@lemm.ee
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      4 days ago

      There is still a chance they only broke the American part, might turn out that the global economy doesn’t need it. Fingers crossed.

      • Dead_or_Alive@lemmy.world
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        3 days ago

        America has the largest and richest consumer base. We are one of the few major economies to have a large population of millennials and gen z.

        Who will Japan, Germany and China sell their shit to? There isn’t a market that can replace the US. The US also simply can’t make everything we like to consume. Which is why we are now headed for recession/stagflation.

      • FauxPseudo @lemmy.world
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        4 days ago

        It’s all connected. Can’t just break the American part. The American part is the financing of the non-Amarican parts.

  • thefartographer@lemm.ee
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    4 days ago

    Isn’t it cheaper to stop doing business with us than to alienate the rest of the world? I mean, it sucks to be in the middle of this, but I have zero confidence that I’m going to survive the next 3 years.

    • AngrySquirrel@lemm.ee
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      3 days ago

      Personally, I have also already come to terms with my death. Honestly, it is quite liberating in a way. I would rather die on my feet than live on my knees.

  • zephorah@lemm.ee
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    4 days ago

    Is this man functioning at full capacity? It took over a year to build a chain grocery store in a nearby town and that’s mostly stuff on shelves, not a production line set-up. Time was spent up front as well, in planning and logistics, that I wasn’t able to see, such that the total time to build a chain grocery store took well over a year, maybe two or even three.

    Meanwhile, Trump expects “now” for manufacturing.

    Never mind the fact that Americans won’t be able to buy products of that manufacturing due to high costs. What was the estimate, that iPhones manufactured here would cost $2k+? Something like that.

    • mosiacmango@lemm.ee
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      4 days ago

      $2300, and that assumes that they can even get the materials.

      China has silently stopped shipping a lot of metals used in high tech applications that it controls 90% of the stock of. The 10%? Our previous trade partners Canada and Australia, who aren’t big fans right now.

      • zephorah@lemm.ee
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        4 days ago

        Not so silently, if you pay attention. There were brief headlines on the No selling to our defense contractors some time ago.

        I’m in Trump time dilation so it’s hard to guesstimate when I read that one.

  • EvilBit@lemmy.world
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    4 days ago

    The stupidest part is that of fucking COURSE there are zero tariffs if you move to the US, because tariffs are BY DEFINITION placed on imports. There’s no limit to the fuckery he can apply to you domestically, it’s just guaranteed not to be called “tariffs”.

  • Lit@lemmy.world
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    4 days ago

    no tariffs but products will still be more expensive (manufacturing cost) than buying the same outside US. So people will still go overseas to buy the substantially cheaper same-product brand.

    Why is he begging companies to relocate to US, though? to save face?