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by sgustard 3432 days ago
He's already threatened businesses with penalties if they build plants outside the US. He's going after free trade agreements that help a lot of companies build products more cheaply and access overseas markets. Sure, protectionism may help some businesses avoid competition for a while, but it can't help them in the long run as they become obsolete. This kind of interference in the free market makes it hard to call him pro-business.
1 comments

What he is doing is largely in reponse to increasing protectionism by other countries. Examples:

US "web" companies must now store EU data in Europe. Any foreign company that wants to compete in Europe needs a European office and datacentres now. Good luck getting European customers for a US startup now.

China is notoriously protectionist. They manipulate their currency exchange rate, engage in market dumping to hurt competitors in other countries, require foreign firms to have a Chinese "partner" which is more like a parasite that steals money and IP.

There's many more examples. To a certain degree the US government has a job of protecting US businesses just like it protects it's citizens.

For important resources like steel and rare earth elements, US businesses have been driven out not because it's so expensive but because foreign countries heavily subsidize the industry and create artificially low prices. "Bringing the jobs back" will work but only if the US govt retaliates with import tariffs or subsidies of its own