I'm looking at the first chart, "Manufacturing Sector: Real Sectoral Output for All Workers" [1]. It grew until Q2 2000, when it was at 97.2. In Q4 2024 it was at 98.6. And let's not ignore how almost all leading semiconductor manufacturing (which are in and required for nearly everything) has moved to East Asia.
https://fred.stlouisfed.org/series/OPHMFG
Labor Productivity (Output per Hour) for All Workers
[1] https://en.wikipedia.org/wiki/Demographics_of_the_United_Sta...
You're mistaking the rhetoric he uses to sell this idiocy to the rest of the country for a good-faith argument.
I would not object to a tariff on shitty IoT devices, with the level determined by things like if the default password is "admin".
Apparently the US doesn't need allies anymore against China...
agreed but Trump just gutted the CHIPS act for no other reason than because it was enacted by Biden (the typical "undo everything the last prez did" just like Trump 1.0).
You can argue that Intel is a badly run company, not worth saving etc etc, but if want to save US manufacturing, then Intel, and its ecosystem, would be the first place to start. Otherwise, TSMC, Samsung and China (still playing second-fiddle but investing billions to catch up) will dominate. Certainly better than trying to keep coal plants open.
Ideology aside it's really hard to find _any_ rational thought behind these moves.
Just goes to show the administration isn't working with facts and doing the hard-nosed analysis required to drive effective policy.
https://fred.stlouisfed.org/tags/series?t=manufacturing%3Bou...