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Unlock Watch Bulletin Free from White House
Your guide to Washington and the world for the 2024 election of the United States
Standing is a good thing. In the last two decades or so – pandemic, wars, commercial trade and climate-related disasters have learned that they have made extreme conservation risks in any place.
Therefore, I always believe that there will be a good thing to have more regional nodes of critical goods in the world. This is not about ideology. About not keeping all your eggs in a basket.
But you need to play both the crime and defense to create firmness. Trump management is trying to do the best in an unavailable way with the tariffs. However, if the tariff strategy was surgical (currently there are quilt tariffs in high and low-valuable parts of the economy, and there would be no house play without a home game to provide the strategic industry. Only two of which are two and clearly connecting them, they can successfully increase local production.
The Biden administration used the US trade and technology restrictions, as well as tax breaks, grants, subsidies and employment programs to return important areas such as semiconductor production in the form of semiconductor production.
No one intends to replace all the factory works lost in the last 20 years or to China, but there was an open message that the United States should be able to produce some components with the life of a digital economy in their land. It is quite wisely, followed by the EU costume.
A sustainability in a complex critical industry like chips can be restored For more than two years The largest areas of critical minerals for the Trump leadership should have been a work to watch the main areas of pharmaceuticals. But what we get is still locked in dribs and dribs, some quilt tariffs, copper, lumber, chips and the internal support of the pharmaceutical and landing industry or workforce support or workforce.
None of this provides business – local or international – the United States in terms of production and why they care. This, in turn, helps something that does not suit any type of investment that the White House wants to bring to the United States.
Michael Wessel, Michael Wessel, a member of the former Chinese Economic and Security View of the United States, often looks at investment dimensions that are five years or longer. This does not know how much tariffs can last during or outside.
“Without industrial policy, it cannot be trusted in the fields, especially in the fields of production and energy in the field, especially in the areas in time, it cannot be relying on the US, producing or energy.
Although Trump’s leadership is clearly clear where it is clear, you need to go deeper to the tariff design, which is imported from the imported component parts, harming domestic producers, “tariff inverse”.
In the same way, you need to schedule the risk of supply in a more complex way. Donald Trump says that the American community can produce and run a half years in a half years. But where do they come from electricity and energy to manage it, especially if there are tariffs for suppliers such as Canada?
The grid system takes years to build obsolete and in many places and energy production plants in America (US short). Meanwhile, if oil prices continue to fall, there is no amount of adjustment to ensure local shale energy.
Then there are inventory problems. US companies tend to keep very small inventory in their hands because of timely production models. There are sudden revenge areas in rare land minerals or a sudden revenge in the Congo Democratic Republic of Congo – a lot of critical mineral cobalts are more important when there are exports with one of the only other countries. A risk analyst told me that such violations collide to close production in areas such as electricity, medical devices and aerospace materials. I could call another 12 such low-flow risks, but you get the idea.
Does Trump develop a 360-degree landscape on the White House? I’m not sure, but I think I don’t have anything.
I would do what this administration did in a column a few years ago: to hire a former military or logistics specialist White House Level Floor Tsar. The physical and financial risk factors in the game are heads on the head and should start thinking about how to carefully collisions.
Unfortunately, the White House looks focused on the same old conservative recipes. The head of the Council of Economic Advisors, Stephen Miran lowered the risk of taxes, and tax reduction and regulation should compete in a global scale of America. It sounds less like a less stop plan and desired thinking.
