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President Donald Trump says the U.S. is connected the cusp of thing “this state has ne'er seen” — and he’s crediting his much-discussed tariff policy.
Speaking astatine a White House Christmas reception, Trump argued that tariffs are driving a manufacturing revival, pointing to the car manufacture arsenic a premier illustration (1).
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“Our car manufacture … went to Europe, they went to Mexico, Japan — they went each over. They went to South Korea,” Trump said. “And present it’s conscionable the opposite. They’re each coming back. We person an property that’s coming up, the likes of which this state has ne'er seen.”
Trump pointed to Toyota, which precocious announced plans to put up to $10 cardinal successful its U.S. operations implicit the adjacent 5 years (2). According to Trump, companies are progressively choosing to physique successful the U.S. to debar tariffs.
“So they’re coming from Germany, they’re coming from Japan, they’re coming from Canada. Many factories are coming successful due to the fact that they don’t privation to wage tariffs — precise simple. They’re coming successful and they’re spending hundreds of billions of dollars,” helium said.
The result, Trump says, could beryllium a historical economical upswing.
“We person a state that perchance is geared to person the astir unthinkable aureate years ever,” helium said, adding that erstwhile factories unfastened up “by the thousands,” it would people “the aureate property of America.”
To beryllium sure, that manufacturing roar has yet to materialize. According to the Institute for Supply Management, U.S. manufacturing enactment contracted for the ninth consecutive period successful November (3).
Still, Trump insists the turnaround is coming soon.
“You’re going to spot results successful six months to a year. I deliberation you’ll spot results — we’ve ne'er had thing similar it,” helium said.
While Trump’s tariff policies person drawn criticism, large companies proceed to presumption the U.S. arsenic 1 of the astir dependable places to physique and grow. That assurance is showing up successful the standard of superior they’re committing — crossed aggregate industries.
For instance, Apple has announced a sweeping $600 cardinal concern successful U.S. manufacturing and workforce grooming (4). Johnson & Johnson plans to enactment $55 cardinal into U.S. manufacturing, probe and improvement and caller technologies (5). Hyundai, meanwhile, is investing $26 cardinal successful the U.S. to boost automotive accumulation capacity, localize cardinal components and accelerate enactment connected aboriginal industries (6).

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