Recession is already here.
Rumor flying around that WH is contemplating freezing American Chineseâs asset. If true, probably wonât differentiate between China-born and non-China born. So if all your assets are in USA, 
Most of these business owners voted for their own financial ruin, including the guy who posted it.
Donât think these men are very smart.
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Trump tariffs live updates: Bessent says itâs âup to Chinaâ to deescalate trade tensions
Reports emerged last week that China quietly rolled back tariffs on some US semiconductor products, easing pressure on its tech sector, along with certain US pharmaceuticals.
Wise
This trade war makes life difficult for less wealthy people in both nations. For wealthy guys, just reduced NW, quality of life has not changed. Wealthy American consumers donât buy stuff from TEMU, SHEIN and Walmart. SHEIN gets their products from poor family in China.
Whichever side you join is unfavorable. What to do?
Pragmatic.
Environmentalists killed American manufacturing. I donât have a link handy but thereâs an American knife maker that had to scramble to source domestic steel in light of the tariffs. They used to get their steel from a New York company. That company was put out of business by enviro-wackos on account of steel manufacture being coal intensive. As though China were on another planet or something and we werenât all breathing the same air.
Manufacturing has been going down since the 50s. âEnvironmentalistsâ may push it down a bit because no one likes to live next to a factory pumping out toxic smoke. But itâs not the main reason manufacturing went downhill.
Our wages have gone too high for many manufacturing jobs to make sense. Instead of knives we still make cars and semiconductors. Every advanced economy went through the same transition. China is going through it right now, kicking and screaming.
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Heads I win tails you lose.
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Agree. Singapore has been transiting from manufacturing to service economy too. Singapore has accelerated the transition by pushing wage up ( Singapore civil service is the largest employer), offering incentives for regional HQs and producing more graduates.
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U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
Even within manufacturing we are moving to higher value added stuff.
Tim Cook has answered this question many times. People asked him why Apple didnât move manufacturing back to the US. He said we simply donât have enough high skilled labor to do the jobs.
Modern manufacturing needs a ton of process and industrial engineers. We need far more STEM graduates. Not just undergraduate level but also associate degrees offered in community colleges. People with only a high school degree arenât that useful in modern manufacturing.
Make Recession Great Again.
Bidenâs last quarter: +2.4%
Trump: -0.3%.
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Agree with Carlson however we have a far bigger problem no one talks about. The regulatory state, the â4thâ branch of government, issues on average over 20 regulations which have force of law for every one piece of legislation passed by Congress. If weâre going to rein in presidential powers we need to keep going and rein in the bureaucracy. No constitutional authority for what they do. They also âat a whim determine winners and losers and slap enormous taxes on companies.â No accountability for these unelected workers. Accountability only in theory and not in practice. Sort of like the never-enforced War Powers Act. The president can tariff the world and bomb the world but just canât fire people without a million judges getting involved. How did we ever get here?
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