Donald Trump’s tariff strategy will end any chance for companies investing/putting manufacturing assets in the United States. It’s over for us.
That is according to the “wisdom” of Senator, and fraudulent Native American, Elizabeth Warren (D-MA).
Here are her exact words (and here’s the video):
“… (there’s) no rhyme or reason to the numbers. It’s just creating economic chaos. And when there’s economic chaos, no one wants to make investments in the United States to build more manufacturing, to build more good jobs here in America”
That so, Ms. Warren?
Then would you please explain this partial list – not from some right wing pro-Trump site, but from (usually anti-Trump) Newsweek Magazine – of these investments, all of which have been announced during the last month or so?
- Johnson & Johnson: On Friday, Johnson & Johnson announced manufacturing, research and development, and technology investments of more than $55 billion in the U.S. over the next four years. They say it represents a 25 percent increase in investment compared to the previous four years under President Joe Biden, crediting an increase in investment levels to the 2017 Tax Cuts & Jobs Act. Also on Friday, the company broke ground on a 500,000-square-foot biologics manufacturing facility in Wilson, North Carolina.
- SoftBank: On Monday, SoftBank CEO Masayoshi Son visited Trump at Mar-a-Lago and announced a $100 billion investment over the next four years with a promise to create 100,000 jobs focused on artificial intelligence and related infrastructure, according to CNBC.
- United Arab Emirates: After a meeting with Trump, the United Arab Emirates committed to a 10-year, $1.4 trillion agreement with the U.S. that will sustain existing investments in AI infrastructure, semiconductors, energy, and American manufacturing, according to Reuters.
- Taiwan Semiconductor Manufacturing Company: Semiconductor giant TSMC announced earlier this month in response to Trump’s tariffs threat on foreign chips that it would invest another $100 billion into its U.S. operations. The anticipated new chip fabrication plants, two advanced packaging facilities, and a new research and design center will increase the company’s total investment in Phoenix to $165 billion—the largest foreign direct investment in U.S. history.
- In January, Trump announced a $500 billion private investment in AI infrastructure led by OpenAI, Oracle and SoftBank.
- Apple: Tech giant Apple announced a $500 billion investment.
- Nvidia: On Thursday, the White House announced that chipmaker Nvidia would invest hundreds of billions of dollars over the next four years in U.S.-based manufacturing operations.
Uh, Ms. Warren: that adds up to about 3 Trillion Dollars. So far. And not one of the companies has issued a statement in any way denying either those commitments or the amounts involved.
In other words, you are being just as “honest” about Trump’s affect on manufacturing investments as you were when you used your BS claims of Native American heritage to accelerate your academic, and then political, career.
The reality – which turns out to be that 6 – 10 generations ago you might have had one Native American ancestor, which would make you less than one tenth of one percent Native American – squares up very nicely with the three trillion dollars (so far) of manufacturing investments Trump has landed so far. BS and BS.
I’ll end with a quick note to the voters of Massachusetts. This is what you elected to represent you, and you got exactly what you therefore deserved.
Congratulations!! Well done!! Who are you going to elect next? Some guy named Ponzi?
