this post was submitted on 23 Jan 2025
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US President Donald Trump told world business leaders on Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the White House this week. ... “Come make your product in America and we will give you among the lowest taxes of any nation on earth,” Trump said today, speaking remotely to the World Economic Forum (WEF) in Davos, Switzerland.

“But if you don’t make your product in America, which is your prerogative, then very simply you will have to pay a tariff,” he added.

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[–] [email protected] 166 points 1 month ago (2 children)

So he really has no idea how tariffs work

[–] [email protected] 94 points 1 month ago (8 children)

Yup

Make your products in the USA or force my constituents to pay inflated prices for everything.

... wait

[–] [email protected] 15 points 1 month ago (1 children)

Hey, there is another option. Corporations could illegally decide to absorb the cost of the labour and tank their share prices.

I'm not quite sure which option would implode the economy faster, but it would be a neat experiment.

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[–] [email protected] 35 points 1 month ago (5 children)

Either he's an idiot or he thinks everyone listening to him are idiots and I can't decide what's worse.

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[–] [email protected] 20 points 1 month ago (1 children)

Cool let him isolate the US from the rest of the world

[–] [email protected] 9 points 1 month ago* (last edited 1 month ago)

I hope that's the result. Unfortunately, here in Canada there are companies looking at doing some manufacturing in the US (i.e. sending incomplete parts for finishing).

*edited for grammar error

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