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How Trump’s Made-In-America Scheme Is a Still Made-in-China Scam

 
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Manage episode 451313646 series 56780
Innhold levert av Jim Hightower. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Jim Hightower eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Wow! Who says election promises don’t produce real change?

Candidate Trump had loudly proclaimed that he would force US corporations to move their Chinese manufacturing jobs back to America. How? By imposing a whopping new tariff on all of the made-in-China products they sell to us.

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Even he must have been surprised, though, when one major American corporation promptly shouted “Yes, sir!” Only one day after Trump’s election, the Steve Madden shoe manufacturer announced it would leave China, where nearly all of its footwear is made. Amazing – a victory for Trump policy even before he takes office! And a morale boost for American workers.

So, where would Madden relocate? Maybe in the hard-hit industrial Midwest, or maybe such former shoe-making areas as New England and the Southeast. But no. In a less-pleasant surprise to Trump, Madden executives said they would not replant their factories in the USA – but in Vietnam, Cambodia, and Brazil.

Despite appearing to succumb to Trump’s anti-China tariff, Madden is making an end run around it, “leaving China” by taking China with it. The corporate trick here is the structural reality not only are US factories located in China, but so are the suppliers of materials manufacturers must buy to make their products. So, Madden can scoot down to Vietnam, thus escaping Trump’s China tariff. But the shoe’s components, from laces to soles, will still be Chinese-made. And contrary to Trump’s bragging, his policy will not create a single Made-in-America job.

This is Jim Hightower saying… Let’s remember that corporations are the most aggressively-selfish elites in our society, and we should not be duped into thinking that running job-creation policy through them will benefit anyone but them.

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Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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660 episoder

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Manage episode 451313646 series 56780
Innhold levert av Jim Hightower. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Jim Hightower eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Wow! Who says election promises don’t produce real change?

Candidate Trump had loudly proclaimed that he would force US corporations to move their Chinese manufacturing jobs back to America. How? By imposing a whopping new tariff on all of the made-in-China products they sell to us.

Upgrade your subscription

Even he must have been surprised, though, when one major American corporation promptly shouted “Yes, sir!” Only one day after Trump’s election, the Steve Madden shoe manufacturer announced it would leave China, where nearly all of its footwear is made. Amazing – a victory for Trump policy even before he takes office! And a morale boost for American workers.

So, where would Madden relocate? Maybe in the hard-hit industrial Midwest, or maybe such former shoe-making areas as New England and the Southeast. But no. In a less-pleasant surprise to Trump, Madden executives said they would not replant their factories in the USA – but in Vietnam, Cambodia, and Brazil.

Despite appearing to succumb to Trump’s anti-China tariff, Madden is making an end run around it, “leaving China” by taking China with it. The corporate trick here is the structural reality not only are US factories located in China, but so are the suppliers of materials manufacturers must buy to make their products. So, Madden can scoot down to Vietnam, thus escaping Trump’s China tariff. But the shoe’s components, from laces to soles, will still be Chinese-made. And contrary to Trump’s bragging, his policy will not create a single Made-in-America job.

This is Jim Hightower saying… Let’s remember that corporations are the most aggressively-selfish elites in our society, and we should not be duped into thinking that running job-creation policy through them will benefit anyone but them.

Leave a comment

Share

Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

  continue reading

660 episoder

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