The Trump administration's upcoming tariffs, announced on "Liberation Day," signal a significant policy shift aimed at revitalizing American manufacturing that has been undermined by globalization and trade deficits. The article reflects on historical U.S. economic mistakes post-Cold War, where successive administrations neglected domestic industries while prioritizing military and international commitments. This strategy allegedly weakened the American manufacturing base, allowing foreign nations, particularly China, to dominate the sector. Trump seeks to rectify this by demanding greater defense spending from allies and focusing on rebuilding manufacturing capabilities within the U.S.
"After the Berlin Wall fell in 1989 and the Soviet Union dissolved in 1991, the US could have shifted more of the burden of defense spending to allies..."
"Instead, under Bill Clinton, George W. Bush and Barack Obama, the globalist establishment in Washington recklessly expanded America's military commitments by waging wars with no exit strategies..."
"Trump is seeking a new path, requiring more defense spending by allies while seeking to rebuild some of the American manufacturing capability that Washington allowed to be offshored..."
"The bipartisan policy elite in Washington turned a blind eye to communist, state-capitalist China, as it unfairly subsidized its own manufacturing sector in order to wipe out manufacturing in the US..."
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