The stock market lost over $300 billion in value in 15 minutes due to six tweets from President Trump. He even joked about the Dow being down later in the day as investors lost over $500 billion on Friday.
While there may be some limited movement of manufacturing jobs back to the U.S. it isn’t a cost competitive country. And if they did the manufacturing processes will be highly automated with few workers. Companies will be looking to move to other Asian and a limited number of other countries since they will need a low cost labor force and similar supply chain infrastructure that they had set up in China.
Trump sent out a tweet when the market was open seeming to make a joke that the Dow was down 573 points due to Representative Seth Moulton dropping out of the Democratic Presidential field. This was at a time when the S&P 500 had lost over $450 billion in value.Trump continually equates a trade deficit with an economic loss. While China has taken advantage of U.S. companies in many ways and U.S.
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