> * bring back manufacturing jobs - even if we reshore some manufacturing, it'll be at the cost of many more other jobs and that manufacturing will be highly automated. No capital appetite exists to do this. No CEO wants to do this. We don't have the infrastructure or supply chains for this.
Except it already started: https://www.investing.com/news/politics-news/investment-comm...
Of the ones I've heard about - those were already underway pre-trump (e.g, Apple, Stargate), and they're inflated headline numbers. What is less illusionary are the immediate pain that will be inflicted by suddenly increasing the price of inputs. Small businesses can't sustain that. Consumers can't sustain that. Multinationals can maybe fly to mar-a-largo to try and get a carve out if they can drum up an announcement but they are quietly cutting spending and laying off workers. Even if it made sense to build these inputs in the US, it takes half a decade to build this kind of infrastructure - there is no explanation for how we get from X to Y or even what Y looks like. That is why it is (IMO) an unconvincing argument.