by Susan Duclos, All News Pipeline:
All we have seen from the media, the left (Yes, I know, redundant) and even some RINOs (Republicans In Name Only) is pearl clutching and dire warnings about “trade wars” now that someone, namely President Donald Trump, has slapped reciprocal tariffs on nations that have been charging the U.S. high tariffs on U.S. products for decades.
Stew on the following for a moment, via American Thinker, in a piece titled “We Didn’t Start the Trade War—We’ve Just Finally Joined It.”
Germany taxes U.S. automobiles at four times the rate we impose on theirs. France blocks U.S. agricultural products through protectionist quotas and Byzantine regulations. And South Korea—despite a ‘free trade’ agreement—maintains tariff and non-tariff barriers on U.S. beef, pork, and automotive parts.
They called it free trade, but is unfair trade, truly free trade?
TRUTH LIVES on at https://sgtreport.tv/
Another aspect of the tariff bruhaha we are seeing is that on the campaign trail, this is exactly what President Trump promised to do, and now media pundits, and even some people that voted for Trump over Kamala Harris are falling down in terror on their fainting couches.
On one hand the faux outrage being spewed on liberal cable news and from liberal newspapers is a tad amusing when they knew all this was coming, but on the other hand, those same talking heads are deliberately terrorizing Americans, for no other reason than said Americans flipped them the bird and elected Trump back into the White House despite all their dire warnings before the election.
Not one thing happening now, including the stock market reaction to the so-called “trade wars,” wasn’t expected when Trump took office again. That speaks to heavily to the fact that politicians rarely keep their campaign promises, and Trump is actually doing so.
How freaking dare he?
As of March 21, before most of the U.S. tariffs on imported goods from other nations, but with the knowledge that they were imminent, the following companies announced very large investments in the US.
Via Newsweek:
• 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.
Others include the following, gathered from a number of sources:
• Clarios, a Wisconsin-based company that creates batteries for different vehicles, announced it would invest $6 billion to expand U.S. manufacturing. In a press release, a spokesperson for the company said the plan aims to advance domestic energy and mineral independence by increasing the supply of vehicle batteries.
• Honda said that it would move its production of its electric Civic model from Mexico to Indiana because of Trump’s tariffs on Mexico.
Since the tariffs took effect, Hyundai Steel, a Japanese company, announced it would invest $5.8 billion in a steel mill in Louisiana, and major pharmaceutical companies including Eli Lilly, Pfizer, and Merck are ramping up manufacturing investments in the US
Read More @ AllNewsPipeline.com
