Donald Trump ' Secretary of Commerce apparently acknowledged on Sunday that US Workers would not witness vanished manufacturing positions coming back due to the president’s actions. new tariff strategy, which imposes responsibilities on almost all US imports.
Howard Lutnick appeared on CBS’s Face the Nation On Sunday, he assured that "trillions" of dollars would inundate the U.S., manifesting as fresh investments in America’s manufacturing industry. During the conversation with host Margaret Brennan, she probed if these facilities would indeed be “automated,” echoing what Lutnick mentioned earlier.
Highlighting that building new factories "requires several years" and won’t help reduce expenses immediately. consumer goods For Americans in the near future, Brennan added, "You mentioned that robots will take over these positions. Therefore, they won’t be union job roles."
"It’s automated factories," Lutnick admitted, while assuring that American workers would construct and "run" the facilities being transported to U.S. soil over the next several months and years.
Lutnick continued by highlighting the automation of iPhone production as a positive aspect of the president’s strategy, asserting that the current workforce of "millions" working in Apple’s foreign plants would become redundant. He suggested that the United States could witness a significant increase in middle-skilled jobs such as mechanics and HVAC technicians to back up this potential rise in domestic manufacturing activities.
He, along with other Trump administration officials and the President himself, has characterized the enhancement of manufacturing abilities in America as a matter of national security—emphasizing this point with significant tariffs A method aimed at compelling private sector investment. However, critics have raised multiple concerns about this approach, with one major point being the inconsistent pattern of the president’s tariff declarations during recent months.
Despite the officials from the Trump administration tackle the round of interviews on Sunday This weekend, nobody could definitively state if part or all of the tariffs As part of the president’s "Freedom Day" initiative, it was announced whether these measures would be short-term or if foreign leaders could negotiate with the U.S. to decrease trade obstacles. The president stated that the barriers will remain indefinitely, but members of his administration have suggested they might not be permanent.
The president personally informed Americans via a social media post on Saturday: "THIS IS A GAME-CHANGER FOR THE ECONOMY, AND WE ARE SET TO SUCCEED. HOLD ON TIGHT, it won't be smooth sailing, but the outcome will be unprecedented. We will, MAKE AMERICA GREAT AGAIN!!!"
Disturbing some people, he shared a post from an ally who alleged that a stock market crash was deliberate — part of a scheme to aid certain interests. Federal Reserve refinance America’s debt.
The White House faced an onslaught of unfavorable media coverage amid two consecutive days of significant stock market declines and mounting criticism from free-trade proponents across party lines. These critics argue that the president's moves could lead to economic turmoil in the United States. Stock markets ended lower on Friday following their most substantial back-to-back drops since last year during the height of the COVID-19 pandemic in summertime 2020.
Numerous people think that the losses may persist throughout this week as China along with other nations declare their own tariff increases in retaliation against the president’s moves.
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