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ojbyrne | 1 month ago

Actually its easy if you're a multinational. You invest outside the United States.

discuss

order

dwpdwpdwpdwpdwp|1 month ago

I work for an global company in the industrial automation space. Not only is there is a major effort underway to offshore jobs and manufacturing from the US, but our customers around the world are pulling way back on capital expenditures, citing US policy uncertainties as a primary reason.

hshdhdhj4444|1 month ago

Yup, unfortunately my own job is at risk as our company has, if not explicitly at least in action, essentially ended technical hiring in the U.S.

They’re basically downsizing the technical sides through attrition while hiring heavily abroad.

FuriouslyAdrift|1 month ago

I work for a regional manufacturing company in the US and we have been booming since COVID (nearly doubling every year) and have not seen a slow down.

Manufacturing firms seem to be doing really well, here (midwest US).

trgn|1 month ago

also, future of USD-value is highly uncertain, dropped 10% last year, likely to drop more if interest rates keep dropping

garbawarb|1 month ago

That makes the US a more compelling place for foreign capital to invest in talent though.

cco|1 month ago

The administration's target was an additional 20% devaluation or so by next year, they want to devalue by about 30% total

UncleOxidant|1 month ago

I'm not a multinational, but that's what I've been doing since February.

tick_tock_tick|1 month ago

It sadly doesn't work that well with tariffs in play again anything done outside the USA has to pay and frankly other nation just don't spend like American's.

OGEnthusiast|1 month ago

The US needs an offshoring tax. If you want to sell to Americans you also need to hire Americans.

polshaw|1 month ago

US would lose out significantly if this were applied by everyone worldwide. The whole of Europe + Anglosphere have surrendered their whole tech related sectors to US companies, an enormous wealth transfer.

ben_w|1 month ago

You want to tax foreign businesses that sell stuff to you?

Ok, given you can only tax stuff when it passes into your territory what you really have there is called a "tariff", it is paid by… the customer, when they buy the thing.

The seller has an entire planet to sell to. The US has about 25% of the money to buy things with, but even then only because we all like your money. Moment we stop liking your money, that probably drops to 20%.

ibejoeb|1 month ago

Anyone will tell you I'm not a regulations guy, but there's definitely a problem. When you watch these rounds of seemingly coordinated, sweeping layoffs, followed by H-1B hiring sprees, it's hard to pretend.

hvb2|1 month ago

Your fellow Americans disagree, they will buy their stuff from whoever is the cheapest.

People need to understand that it matters how they spend. They can't expect everyone else to pay for things to be made in America when they're not willing to themselves.

femiagbabiaka|1 month ago

Trump has made the idea of mafioso politics popular -- where you hold everyone hostage until they do what you want -- but that doesn't actually mean that it's good policy.

pjc50|1 month ago

shrug enjoy paying more taxes for your consumption, I guess.