His business is based on cheap labor from overseas because if it wasn't, he would not be able to compete in a marketplace where there is no downside to doing so. There is nothing wrong with him wanting to pass measures to disincentivize this practice from continuing in order to improve domestic manufacturing, as long as it is applied fairly, to every business in that market, including his own.
He would be an incredibly incompetent business leader if he were to apply such measures to his business alone, as it would obviously be uncompetitive and would quickly go out of business.
So is this his real estate or hospitality business we're talking about? If it's the former then a lot more money can be saved by completing projects ahead of schedule, labor costs are a huge part of real estate though the piece of land (being developed) is probably the most expensive chunk. You don't have to get Chinese Steel in order to make a profit, (labor) time is equally important if not more than the raw material costs, from what I understand of real estate.
Yeah, but I don't understand how anyone expects him to put the toothpaste back in the tube. Tax cuts/incentives to bring manufacturing back, great, but wages will definitely need to be much higher here than anywhere else they are currently manufacturing, which then means higher prices on the goods, which people do not want to pay. It's untenable. They should be focusing on service jobs or something; those higher paying, low barrier to entry, manufacturing jobs are just not coming back.
KT
Nope service sector jobs aren't coming back to the US in good numbers either.
I have a theory. When he was part of the system, he'd try to game it, but now that he can change the system, maybe he'll change it so that it's an equal playing field for all so he doesn't need to game it anymore.
We'll see. I have a hunch that Trump's presidency will be a great one. It's kinda funny how things work out sometimes.
There will never be a level playing, the US has ensured that by buying tons of cheap Chinese goods over the last so many years, that going back is nigh impossible. The cherry on top is that you (sometimes) willingly & other times through (Chinese) hacks have transferred more than enough tech & manufacturing that China will be the world's defacto factory for at least this century.
This aside from the fact that China can & will subsidize it's local industry for as long as they can, heck they still have over $3T & chump change to spend on them. Also what about the factories that also export to the rest of the world, China has super capacity in everything they make? Now for example you're making OLEDs for US in the US & exporting the rest from China, for the rest of the world; what about American companies who wouldn't turn to profit if it weren't for Chinese cheap labor, like Dell & HP?
I'm sure the Chinese won't extend their hospitality when you shut factories over there or majorly reduce capacity. The only possible the world, not just the US, can pressurize China to change their ways is if there is a property bubble popping over there. Basically we'll have to wait for the time they go bust before they even think of a change in that country.