Fareed’s Take: Trump’s misguided push for a ‘manufacturing comeback’

CNN’s Fareed Zakaria, host of “Fareed Zakaria GPS,” explains why he thinks President Donald Trump’s push for a “manufacturing comeback” is misguided, and where the path to prosperity lies. #CNN #News

33 Comments

  1. This is why China will win! Trump's America is looking back 50 years while Xi's China is looking 50 years in the future and is investing all over the world to achieve his vision of Zhongguo (middle kingdom)

  2. When the rich guys outsourced the USA, they stuck the profits in their pockets, retirement and investments. When are you gonna stop working for 500 times less than your CEO makes? When are you gonna stop letting them fly around in 15,600 tax deductible business jets in the USA on family vacations? When are you going to stop allowing corporate executives to pay one percent towards their Medicare and Social Security taxes using the little loopholes that Congress approved. Remember, Congress is made up of mostly millionaires. These are the Jack Wads that are ruining the USA along with their bed partners in corporate suits.

  3. Silly. When manufacturing moves out a lot of other stuff moves out too. Investment, Infrastructure, skills, technology etc. China gained all that.
    Moreover during covid china kept essential supplies for itself and refused to export it. If you can't make it during an emergency you are fkd

  4. Ironically Trump's mantra is to bring back US industries while he himself is from bottom of service industries like casino, hotel, golf, fight sport's, beauty peasants, fake college, brand name varieties seller.

  5. Service jobs will be the 1st to go with AI. Dependency on China for manufactured goods, especially high tech goods, is suicide. This is so naive, it’s ludicrous.

  6. I am generally a great admirer of, and look forward to Fareed’s weekly, deeply informative, “Here’s my take” segment. That said, I found something at the heart of this generally fine installment infuriating: Fareed states, right at the outset: "At the heart of the Trump administration's policies is one overarching goal …" He then goes on to quote and flesh out a J.D. Vance statement about the administration’s intention to bring back America's manufacturing ‘glory days.’

    While Fareed intelligently and effectively debunks that ideal as wholly, historically unrealistic, right at the outset he falls right into a rhetorical trap that I find maddening: He indirectly lends credence to the substance of Vance’s obvious demagoguery framing it as if it were a good faith, though misguided policy goal. For me, this is a great sin of omission in these critical times.

    My problem here is in Fareed's attributing to this administration member any earnest goal other than the manifestly cynical and manipulative, all of which attribution is absent here. He could even have more accurately framed Vance’s statement as, "… one PURPORTED overarching goal. Instead, he performs classic "sane washing" of Vance’s utter cynicism, which cloaks in honest good faith Vance’s, Trump’s and their cohort’s stentorian statements of intention to bring back this or that former glory of ours.

    By now, the manifest demagoguery at the heart of their soaring rhetoric is widely exposed as mere window dressing for their and their guiding hands’ intention to maximally empower and enrich themselves. Perhaps Fareed still seeks, as so many still do, to find earnest, if misguided honest intention to do what they purport to want to do on behalf of the American people? I, for one, find that a fool’s errand.

  7. The trade deals of the last 30yrs has devalued labor to the lowest denominator and created a bidding war on the status quo. To the point where the whole system is about to implode. At least the Industrial Revolution was stable for a century. The Information Age had a 5 year quick high and it’s going straight to hell as we speak

  8. I worked in a shoe factory in 1985. The jobs were boring, repetitive, monotonous, hot and low pay. The workers were great, but they lived paycheck to paycheck. There were 5 factories in our area and they left one by one. So to bring those factories back, #1 no one wants jobs like that. #2, it would be highly automated and most jobs would be gone anyway. So Trump's vision is mostly a pipe dream. Even if people got jobs, the pay would increase the cost of the goods, so we would pay more than we do now anyway. Plus we all ready have more jobs than workers now.

  9. In 2010, China temporarily suspended exports of rare earths to Japan after a clash in waters of the East China Sea claimed by both sides. The move shook Japan’s electronics sector and threatened to choke off global supplies of high-power magnets produced in Japan employing rare earths from China. Tokyo has since worked with mixed success to reduce its reliance on Chinese rare earth imports.

  10. The Trump Administration is enacting policies that they believe are in the best interest of the USA. While some may disagree with these policies, it doesn’t imply these policies are harmful to the USA as a whole. Similarly, many intellectuals criticize Prime Minister Modi, who is also implementing policies he believes will benefit India. Fareed is critical to both. He only cases his Palestine and Islamic agenda. Who cares Fareed’s Take? None!!!!

  11. This was spot on! If only Fareed wasn't associated with CNN.. and this clip was more deemed as an independent journalists perspective.. the admin today would hopefully take it more seriously (the issue of tariffs) And companies also wouldn't speak out either.. cause it'd affect their bottom line(along with politicians) It's a sad state..

  12. We live in a post industrial society and for whatever reason people believe going back to an industrial society even though we are no longer a developing nation makes sense. Service is where the money is and it requires education and skill. The whole policy feels backwards. Deport manual laborers and bring in highly skilled service workers to give manual labor jobs to Americans ? lol. What ? How about train and educate Americans to access the highest paid jobs. Invest in Americans to have the best outcomes instead of all of this focus on who is picking apples. I swear people are so confused as to what they are asking for which is begging for less.

  13. Fareed is talking about things that educated people who are in high paying jobs understand. I am one of those as a senior engineer of 23+ years. Problem is, Republicans are too ignorant to understand that manufacturing should be left to the countries that really have the cheap labor and the need for it while the high-end services, product design, architecture as well as systems integrations should be the focus of first world companies. Problem is, you need to be highly educated and competitive to be able to do it.

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  15. Fareed,
    MAGA does not have the IQ to understand a word you say in this clear analysis of yours. MAGA will destroy America from within.
    The end of the great American Experiment is within sight. 🙁
    Democracy is destroying America because of the rule of the stupid majority.

  16. On the bright side, Trump will fail badly and MAGA will be the target of the ire of the majority of voters. Can't wait. Although they succeeded in border crossings they are already losing confidence of voters in regards to the ,VA, Social Security, grocery prices,and alliances.

  17. The US cannot compete against China. China has cheaper labor, leads in manufacuring, and it pocesses an amazing technology market. The US will have to adjust its economy and face the new reality of the world’s economy. The world is now multipolar, and BRICS is a major economic force to contend with.

  18. I was born in Japan in 1972 and grew up there. I experienced both positive and negative impacts that tariffs brought to the country. I recalled like yesterday about the free trade wars the US gov't waged against Japan. As a teenager hearing about what the adults were saying about tariffs, it made sense to me that the Japanese gov't wanted to protects the rice farmers, prioritized the Japanese companies, etc. What I didn't realized at that time was that tariffs increased the prices of everything in Japan back then.

    On the top of what Fareed mentioned in his talk, I would also add two things that weaken Japan at the end:

    1) Decrease in population: I think the average Japanese men don't like to get married to intelligent women. A half of my female friends in Japan are not married and I see the issues that men in Japan have in the general sense. There were certain images of what women should be.

    Also, the Japanese immigration policies were very conservative back then, which created another problem, lack of diversity. A country must bring new people in in order to generate new energy in the society.

    2) Lack of diversity: People in the US might think that diversity is mostly about races and genders, so they would assume that diversity should not be an issue in Japan at the first place since the country is a homogeneous country. But when I grew up there, the majority of people couldn't appreciate the benefit diversity could offer; creativity and uniqueness had no room to bloom its potential in the society.

    It's unfortunate to see Trump's fundamental view of the world and his foreign policies. I think what he's trying to do is to create a new type of colonialism under the three powerful nations: the US, China and Russia; while EU nations, Canada, Japan, South Korea and other nations remain as sovereign states, Trump expects them to put the US interests above their domestic interests. This approach might make sense to some people in the US, but it wouldn't work because no sovereign states can survive without managing their own national interests. And getting along with the US is NOT the only national interest they have – things are more complex than that.

  19. Trump wants to please Nazi cannibal Putin and force a truce on Ukraine on April 20, Hitler's birthday. 20 years in prison for TESLA, and for hundreds of thousands of Ukrainians killed, Putin is a good guy for Trump

  20. CNN is only trying to push a anti trump America native and they had it wrong for years, why should anyone still watch this media outlet