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.
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.
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.
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%.
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.
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.
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.
dwpdwpdwpdwpdwp|1 month ago
hshdhdhj4444|1 month ago
They’re basically downsizing the technical sides through attrition while hiring heavily abroad.
FuriouslyAdrift|1 month ago
Manufacturing firms seem to be doing really well, here (midwest US).
trgn|1 month ago
garbawarb|1 month ago
cco|1 month ago
UncleOxidant|1 month ago
tick_tock_tick|1 month ago
OGEnthusiast|1 month ago
polshaw|1 month ago
ben_w|1 month ago
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
hvb2|1 month ago
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.
toomuchtodo|1 month ago
femiagbabiaka|1 month ago
pjc50|1 month ago