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Tuesday 20th March 2018

Americans Want US Factories Back on Home Soil

Business

7Dnews Washington DC

Sat, 17 Aug 2019 16:09 GMT

President Trump has called on major US companies like Apple to return their manufacturing to the US because China is benefitting more than the US in the present conditions.  

Trump wishes to make American products more American again. He has said,

“We have lost in a short period of time 60,000 American factories that have moved to China, which has cost us about 6 million jobs”.

The trade war between the US and China has hit the US economy hard with serious losses, not just in terms of revenue, but through millions of Americans losing their jobs as factories and manufacturing units have been moved outside the US.

Americans seem to be unhappy with how the US leaders are running the economy in general. So now it is very clear that the American dream is simply an illusion for many because the number of people looking for jobs is higher than it has ever been before. 

The Trump administration already imposes a 25% tariff on $250 billion worth of Chinese goods. China is threatening to retaliate against the US as Trump prepares to impose more tariffs

The trade war between the US and China is not new. President Obama spoke about it during his campaign for election, but he took no action and President Trump is under attack because he is moving so fast trying to balance the economy in such a short time.

US & Canada