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A:
Never. Not the hegemonic US. Not by the Trump Tariffs.
Take, for example, the TSMC plant in Arizona. It is a manufacturer back in the US, right? Yes. It is a manufacturing in the US. It produces high-end chips. But it lost $441 million in 2024. It has no competitors in the US as it produces the most advanced chips. This shows that reshoring manufacturing to the US is not profitable.
But you can say that TSMC is creating jobs for the US. Yes. That’s exactly what happened. The US is cannibalizing its allies. The US reshores manufacturing at the expense of its allies. TSMC has a profit in Taiwan and has a loss in the US. TSMC is like a vehicle channelling wealth from Taiwan to the US.
Trump asked other allies to do the same as Taiwan. He signed deals with Europe, Japan, and countries in the Middle East. All these countries that signed deals with Trump promised investment in the US. If manufacturing is profitable in the US, Trump didn’t need to sign any deals. Capital would flow into the US for profit. Trump is demanding his allies channel wealth into the US as TSMC did.
The US has a deeper problem than manufacturing. It is the financial industry, the healthcare industry, and the military-industrial complex. All three industries are very profitable. And none of them create anything for people’s daily life, such as houses, food, clothes, transport, appliances, and electronics. When those three industries are the blue-chip stocks on the New York Stock Exchange, the profitability of manufacturing is negative. Too many vested interest groups parasitize the US economy.
Trump knows this. He used Musk and the DOGE to fight these vested interest groups. But Trump failed. DOGE lost the battle against the deep state that represents these vested interest groups.
The US needs a successful DOGE revolution to solve the problems of the vested interest groups.
Eventually, the US has to return to an economy that produces goods well cover its consumption. The US is a parasite in the world economy, because there are many parasites in the US economy. The present US prefers to parasitize rather than do the real hard work of manufacturing.