On December 2, President-elect Donald Trump wrote:
I’m completely towards the as soon as nice and highly effective U.S. Metal being purchased by a international firm, on this case Nippon Metal of Japan.
So you’d count on that he would dislike international funding in the USA, proper?
Improper. Donald Trump says he desires extra international funding. In “Why Commerce Must be Free,” Defining Concepts, October 30, 2024, I wrote:
In his current look earlier than the Financial Membership of Chicago, Trump stated he desires to impose excessive tariffs in order that international companies will transfer their manufacturing to the USA. In different phrases, he desires extra international direct funding.
For those who click on on his speech within the hyperlink immediately above, go to in regards to the 11:30 level the place he says that to keep away from tariffs, international firms want solely construct their crops right here. Not purchase their crops right here. Oh, no. Construct their crops right here. He by no means explains why he desires international buyers to construct, however not purchase.
Vice-President-elect JD Vance used to grasp why it was good for the USA if the federal government allowed international firms in Japan to purchase home companies that had been at risk of shutting down. As Eric Boehm of Motive wrote on December 19, 2023, quoting a passage in Vance’s guide Hillbilly Elegy:
“The Kawasaki merger represented an inconvenient reality: Manufacturing in America was a tricky enterprise within the post-globalization world,” Vance writes. “If firms like Armco had been going to outlive, they must retool. Kawasaki gave Armco an opportunity, and Middletown’s flagship firm in all probability wouldn’t have survived with out it.”
Too unhealthy Vance appears to have forgotten it. He ought to refresh his understanding by studying Hillbilly Elegy.
Why do I say that Donald Trump is attacking U.S. Metal? As a result of he doesn’t need to enable its homeowners to promote. Finally, he’s attacking their property rights.
