Nvidia CEO: Trump's idea of using tariffs to reindustrialize the US is “utterly visionary.”

[Chase]

Trump's idea of using tariffs to reindustrialize the US is “utterly visionary.”
i agree

 

[Eisenhut]

Cryptic message la. Smlj is "utterly visionary"?

Means unconventional, never tried before , neve seek advice of subject matter experts, suka suka Trump style

 

[True Believer]

In a significant diplomatic and economic move, South Africa has officially suspended all U.S. business operations within its territory and ceased the export of minerals to the United States. This decision comes shortly after Trump cut all U.S. funding to South Africa, including allocations from USAID.

 

[True Believer]

Cryptic message la. Smlj is "utterly visionary"? Means unconventional, never tried before , neve seek advice of subject matter experts, suka suka Trump style

It is like saying that Trump has "hidden talent" that is so well-hidden that nobody notices that he has any talent at all.

 

[True Believer]

In a significant diplomatic and economic move, South Africa has officially suspended all U.S. business operations within its territory and ceased the export of minerals to the United States. This decision comes shortly after Trump cut all U.S. funding to South Africa, including allocations from USAID.

These escalating tensions are expected to have considerable economic repercussions for both nations. The U.S. currently profits over $25 billion annually from its economic engagement with South Africa. This bilateral standoff represents an unprecedented instance of an African nation taking such a firm stand against the United States.

 

[syed putra]

The factories overseas are mostly US owned. The multinationals prefer bigger margins than a home based restrictive US factory which gives less returns. Or none. LVMH factory in texas is less productive and shoddy workmanship.

 

[True Believer]

The factories overseas are mostly US owned. The multinationals prefer bigger margins than a home based restrictive US factory which gives less returns. Or none. LVMH factory in texas is less productive and shoddy workmanship.

Lower labor costs are a primary motivation for offshoring factories. This directly translates to higher profit margins compared to manufacturing in the USA, where labour costs, regulations and other operational expenses are much higher. Stricter environmental protection laws in the US will lead to higher compliance costs. Does the Trump administration really believe that blue collar jobs will really return to American soil?

 

[syed putra]

Lower labor costs are a primary motivation for offshoring factories. This directly translates to higher profit margins compared to manufacturing in the USA, where labour costs, regulations and other operational expenses are much higher. Stricter environmental protection laws in the US will lead to higher compliance costs. Does the Trump administration really believe that blue collar jobs will really return to American soil?

Fact is these corporations make so much more if they built plants elsewhere. Plus tax free breaks.

 

[True Believer]

Fact is these corporations make so much more if they built plants elsewhere. Plus tax free breaks.

So it's not China that is taking away blue collar jobs from America, but US corporations seeking to optimise their ops for maximum returns on investment. If manufacturing overseas offers a more favourable cost structure and higher profits, MNCs would naturally gravitate towards China and Third World countries.

 

[k1976]

Donald is right’ and China is the problem, EU chief says​

Beijing’s subsidies should be a reason to work together, not tariff each other, Ursula von der Leyen argues.

SHARE
Free article usually reserved for subscribers

During a session on the global economy at the G7 summit in Kananaskis, Commission President Ursula von der Leyen slammed Beijing for disrupting global trade. | Stefan Rousseau-Pool/Getty Images
JUNE 17, 2025 2:03 AM CET
BY GIORGIO LEALI AND KOEN VERHELST
KANANASKIS, Alberta — European Commission President Ursula von der Leyen on Monday tried to find common ground with Donald Trump by criticizing China's export restrictions on raw materials used for cars, batteries and wind turbines.

During a session on the global economy at the G7 summit in Kananaskis, Canada, von der Leyen slammed Beijing for disrupting global trade by deploying subsidies to boost its own companies, according to an EU readout of the event. The chief of the EU executive accused China of “weaponizing” its leading position in producing and refining critical raw materials, and of ignoring global trade rules to undercut competitors.

Since April, Beijing has significantly restricted exports of permanent magnets and the minerals needed to make them. While that move came in response to Trump's tariffs on China, Beijing has applied the restrictions globally, hurting Europe too.

 

[syed putra]

Donald is right’ and China is the problem, EU chief says​

Beijing’s subsidies should be a reason to work together, not tariff each other, Ursula von der Leyen argues.

SHARE
Free article usually reserved for subscribers

During a session on the global economy at the G7 summit in Kananaskis, Commission President Ursula von der Leyen slammed Beijing for disrupting global trade. | Stefan Rousseau-Pool/Getty Images
JUNE 17, 2025 2:03 AM CET
BY GIORGIO LEALI AND KOEN VERHELST
KANANASKIS, Alberta — European Commission President Ursula von der Leyen on Monday tried to find common ground with Donald Trump by criticizing China's export restrictions on raw materials used for cars, batteries and wind turbines.

During a session on the global economy at the G7 summit in Kananaskis, Canada, von der Leyen slammed Beijing for disrupting global trade by deploying subsidies to boost its own companies, according to an EU readout of the event. The chief of the EU executive accused China of “weaponizing” its leading position in producing and refining critical raw materials, and of ignoring global trade rules to undercut competitors.

Since April, Beijing has significantly restricted exports of permanent magnets and the minerals needed to make them. While that move came in response to Trump's tariffs on China, Beijing has applied the restrictions globally, hurting Europe too.

EU and US subsidise their industries too. But indirectly. Via military or space programmes. Or other research. Plus agriculture is definitely subsidised causing farmers in third world countries unable to compete with imported food.