Summary
Commerce Secretary Howard Lutnick admitted on CBS’s Face the Nation that US workers won’t reclaim traditional manufacturing jobs under Trump’s tariff-heavy strategy.
While promising “trillions” in new investment, he confirmed that new factories would be automated. Lutnick touted support roles like mechanics and HVAC technicians instead.
Critics cite the tariff policy inconsistency and rising consumer costs.
Market reactions have been severe, with steep losses and fears of trade wars as China and others prepare retaliatory tariffs.
They’re gonna have a great time building their army of wage slaves, until they find out they have no one left to sell to.
They’re trying to create a consumer economy with no consumers.