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Trump invites foreign manufacturers to set up in the US


jmccr8

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Habibi, come to USA 🤭

By the way there are tax heaven countries with almost 0 corporate tax and less regulations than in USA. 
Plus customs tariffs in UAE for example are 5% (for non alcoholic and non cigarettes products). 
Trump’s taxes are far away from being low… but still better than in most of EU countries

https://t.me/pilotblog/18256

Speach in link

Edited by jmccr8
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SAVANNAH, Ga. (AP) — Donald Trump on Tuesday pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs to boost auto manufacturing — despite warnings that domestic consumers would pay more and a lack of specifics about how his plans would work.

“I want German car companies to become American car companies. I want them to build their plants here,” Trump declared during a speech in Savannah, Georgia.

Trump added that, if elected, he’d put a 100% tariff on every car imported from Mexico and that the only way to avoid those charges would be for an automaker to build the cars in the U.S.

His ideas, if enacted, could cause a huge upheaval in the American auto industry. Many automakers now build smaller, lower-priced vehicles in Mexico — facilitated by a trade agreement Trump negotiated while president — or in other countries because their profit margins are slim. The lower labor costs help the companies make money on those vehicles.

https://apnews.com/article/trump-foreign-companies-investment-cb60395d632e7eaa2a398abcf616d1be

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Trump pledges to take jobs and factories from allies, China

WASHINGTON, Sept 24 (Reuters) - Donald Trump said on Tuesday he would seek to "take" manufacturing jobs from foreign countries, including U.S. allies, if he wins the Nov. 5 election, by offering incentives to encourage companies to relocate to the United States.
Trump promised a "manufacturing renaissance" as the centerpiece of his economic plan and said he would offer foreign companies low taxes and little regulation to entice them.
 
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Wait.  So now he wants places like China to buy US property and set up a factory in the US?  

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Just now, Gromdor said:

Wait.  So now he wants places like China to buy US property and set up a factory in the US?  

Hi Gromdor

It would seem so but other that no to low tax incentives how would he propose to compete with low wages in other companies which is why they operate in China and Mexico

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1 minute ago, jmccr8 said:

Hi Gromdor

It would seem so but other that no to low tax incentives how would he propose to compete with low wages in other companies which is why they operate in China and Mexico

The argument before was that places like China weren't coming her to compete but to assume ownership of critical structures and industries.

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1 minute ago, Gromdor said:

The argument before was that places like China weren't coming her to compete but to assume ownership of critical structures and industries.

Hi Gromdor

Well you know how it goes, after a shave and shower then a couple of big Macs and fries the world becomes a different place

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2 hours ago, jmccr8 said:

Habibi, come to USA 🤭

By the way there are tax heaven countries with almost 0 corporate tax and less regulations than in USA. 
Plus customs tariffs in UAE for example are 5% (for non alcoholic and non cigarettes products). 
Trump’s taxes are far away from being low… but still better than in most of EU countries

https://t.me/pilotblog/18256

Speach in link

Less “invites” and more “threatens” IMO. 

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2 hours ago, Gromdor said:

Wait.  So now he wants places like China to buy US property and set up a factory in the US?  

You mean like how they’re buying land near all of your military bases, that sort of thing?

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1 minute ago, Sir Wearer of Hats said:

Less “invites” and more “threatens” IMO. 

Hi Sir

Yes that was my take on it as well

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56 minutes ago, Sir Wearer of Hats said:

You mean like how they’re buying land near all of your military bases, that sort of thing?

I'd balk at this.  Selling land, especially farmland or land near military, scientific research facilities and the like should be outlawed.  PERIOD.  They're already stealing us blind with tech hacking.

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1 hour ago, and-then said:

I'd balk at this.  Selling land, especially farmland or land near military, scientific research facilities and the like should be outlawed.  PERIOD.  They're already stealing us blind with tech hacking.

There’s 19 military bases where the Chinese have brought up land nearby. 

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10 minutes ago, Sir Wearer of Hats said:

There’s 19 military bases where the Chinese have brought up land nearby. 

I didn't realize it was so many.  That needs to be reversed as a Federal issue and the states who wail and moan can get over themselves.  

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5 hours ago, jmccr8 said:

Habibi, come to USA 🤭

By the way there are tax heaven countries with almost 0 corporate tax and less regulations than in USA. 
Plus customs tariffs in UAE for example are 5% (for non alcoholic and non cigarettes products). 
Trump’s taxes are far away from being low… but still better than in most of EU countries

https://t.me/pilotblog/18256

Speach in link

Dubai actually has Free Trade Zones.  They are like warehousing and manufacturing in bond, but with a much, much, broader scope. 

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Why do we need these foreign companies?  Didn't we just hear about a $500 billion dollar AI investment?  It would be a great place for people and corporations that receive big tax cuts to show their appreciation by reinvesting.  Seems like what we need is high tech and good paying jobs.  Making soda straws, T-shirts, and plastic combs just doesn't pay enough for US workers  to make a living.

Buying US land should have some regulations too, and not just around military bases. Corporate farms are exporting  products like hay which competes for water with domestic use.

When hay, particularly alfalfa, is grown in the United States using irrigation water from places like California and exported to China, it is essentially considered "exporting water" to China, as the water used to grow the hay is embedded within the crop itself, raising concerns about water scarcity in drought-prone regions of the US where the hay is produced. (thanks AI for the summary)

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42 minutes ago, Tatetopa said:

Why do we need these foreign companies?  Didn't we just hear about a $500 billion dollar AI investment?  It would be a great place for people and corporations that receive big tax cuts to show their appreciation by reinvesting.  Seems like what we need is high tech and good paying jobs.  Making soda straws, T-shirts, and plastic combs just doesn't pay enough for US workers  to make a living.

Buying US land should have some regulations too, and not just around military bases. Corporate farms are exporting  products like hay which competes for water with domestic use.

When hay, particularly alfalfa, is grown in the United States using irrigation water from places like California and exported to China, it is essentially considered "exporting water" to China, as the water used to grow the hay is embedded within the crop itself, raising concerns about water scarcity in drought-prone regions of the US where the hay is produced. (thanks AI for the summary)

Hi Tate

He is threatening a 100% tariff on cars built in Mexico and American auto makers have factories there to build some models of their low end vehicles because labor costs are lower which I think is an attempt to get them to build them in the States instead. One way or the other those American models will increase in cost so not sure how that will play out.

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2 hours ago, jmccr8 said:

Hi Tate

He is threatening a 100% tariff on cars built in Mexico and American auto makers have factories there to build some models of their low end vehicles because labor costs are lower which I think is an attempt to get them to build them in the States instead. One way or the other those American models will increase in cost so not sure how that will play out.

AFAIK, components and subassemblies cross both the US border with Canada and Mexico several times leading to  final assembly.  When we were getting along, everybody prospered with this arrangement including the buyers.  

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28 minutes ago, Tatetopa said:

AFAIK, components and subassemblies cross both the US border with Canada and Mexico several times leading to  final assembly.  When we were getting along, everybody prospered with this arrangement including the buyers.  

Hi Tate

Yes I know as I knew a few guys that work in assembly plants in Windsor and some of them came from Detroit to work every day.

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Reading these comments I’ve come to the conclusion that it’s best for manufacturers and potential new U.S. states to wait out Trump for the next 4 years or find someone else to trade with

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Trump claims that everybody that sells us more than they buy from us is ripping us off.  In that case he should fire the maid for ripping him off and clean his own toilet.

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1 hour ago, Tatetopa said:

AFAIK, components and subassemblies cross both the US border with Canada and Mexico several times leading to  final assembly.  When we were getting along, everybody prospered with this arrangement including the buyers.  

That may only require a minor tweak to satisfy Rules of Origin and claim "American Made".

Americanmaid.png

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1 hour ago, Tatetopa said:

Trump claims that everybody that sells us more than they buy from us is ripping us off.  In that case he should fire the maid for ripping him off and clean his own toilet.

HI Tate

Really his country has 360million consumers, my country has 45milluon and really there is less of a trade deficit than with China. Our oil employs people in American industries so he his pushing skewed facts for an advantage. 

I see a lot of Canadians saying don't buy American products now and the harder he pushes the less he will sell here. 

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