Trump said: “It’s all about manufacturing, and we’re bringing it back in record numbers.”
Even if this were true, why would it be good for the economy?
Why is it good to bring back manufacturing which will then cost more than before? What’s good about producing the same stuff at higher cost = higher prices = lower standard of living?
Why reduce our standard of living by transferring the production from China, where it costs less, to the U.S., where it costs more? How do we benefit from higher cost and lower living standard?
How will unnecessary factories benefit our economy any more than they benefited the Soviet Union’s economy, where they had wall-to-wall makework factories?