Trump-enomics

Fantine said:

Are you concerned, too?

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Fantine said:

Just saw this on Yahoo finance. Stocks have been rising, but it does not sound as if the economy is that healthy right now. Trump's solution is to announce who he is nominating to replace Jerome Powell as chair of the Fed as soon as he can. While Powell can't be pushed out until his term ends next year, if Trump telegraphs his replacement It is believed that will hurt Powell's influence on the economy. As usual, Trump wants to push Powell into lowering interest rates sooner than may be prudent and punishing him if he does not.
As a retired person, I feel much more comfortable with a president who appoints well respected experts in their fields and lets them do their jobs. Powell successfully helped our country recover from global inflationary pressures. Lowering interest rates too soon can reignite inflation, which could also be ignited by tariffs.
Are you concerned, too?

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Landon Caeli said:

..But the great, big, beautiful bill just passed yesterday. Perhaps things will change.

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• Apple – Committed $500 billion to expand U.S. manufacturing, including a new AI server facility in Houston.
• TSMC – Boosted its U.S. investment to $165 billion, adding chip fabs and R&D centers in Arizona.
• Nvidia – Building its first U.S.-based chip and supercomputer plants in Texas and Arizona.
• GE Aerospace – Investing $1 billion to expand its U.S. supply chain and manufacturing.

• Johnson & Johnson – Announced $55 billion in U.S. investments for pharma and tech facilities.
• Eli Lilly – Expanding with four new U.S. plants, totaling $50 billion in investment.
• AbbVie – Committed $10 billion to build four new pharmaceutical plants.
• Genentech – Pledged $50 billion for biotech manufacturing and research.

• Hyundai – Investing $21 billion in U.S. operations through 2028, including a new steel plant in Louisiana.
• Honda – Shifting all Civic Hybrid production to Indiana.
• Toyota – Expanding hybrid vehicle production in West Virginia.

• SoftBank – Announced a $100 billion AI-focused investment, promising 100,000 U.S. jobs.
• Amazon – Investing $20 billion in Pennsylvania and $10 billion in North Carolina for data centers.
• AWS – Committed $11 billion to data centers in Georgia.
• Microsoft – Spending billions on AI and cloud infrastructure across multiple U.S. states.

• Chobani – Building a $1.2 billion dairy facility in New York.
• Bel Brands USA – Expanding cheese production with a $350 million investment.
• Cra-Z-Art – Increasing U.S. production capacity by 50%.

Fantine said:

Wow.
But where have all the workers gone? Gone to Mexico everyone. When will they ever learn? When will they ever learn?

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Always in His Presence said:

Same place as the jobs under Biden.

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Always in His Presence said:

That is why Trump-enomics will release the strength of our economy and workmanship with hundreds of billions in investment and good high paying jobs.

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Always in His Presence said:

Here’s a roundup of major companies that have announced significant expansions or investments in the U.S. over the past six months (early 2025):

Manufacturing & Technology

• Apple – Committed $500 billion to expand U.S. manufacturing, including a new AI server facility in Houston.
• TSMC – Boosted its U.S. investment to $165 billion, adding chip fabs and R&D centers in Arizona.
• Nvidia – Building its first U.S.-based chip and supercomputer plants in Texas and Arizona.
• GE Aerospace – Investing $1 billion to expand its U.S. supply chain and manufacturing.

Pharmaceuticals & Healthcare

• Johnson & Johnson – Announced $55 billion in U.S. investments for pharma and tech facilities.
• Eli Lilly – Expanding with four new U.S. plants, totaling $50 billion in investment.
• AbbVie – Committed $10 billion to build four new pharmaceutical plants.
• Genentech – Pledged $50 billion for biotech manufacturing and research.

Automotive & Mobility

• Hyundai – Investing $21 billion in U.S. operations through 2028, including a new steel plant in Louisiana.
• Honda – Shifting all Civic Hybrid production to Indiana.
• Toyota – Expanding hybrid vehicle production in West Virginia.

AI & Data Infrastructure

• SoftBank – Announced a $100 billion AI-focused investment, promising 100,000 U.S. jobs.
• Amazon – Investing $20 billion in Pennsylvania and $10 billion in North Carolina for data centers.
• AWS – Committed $11 billion to data centers in Georgia.
• Microsoft – Spending billions on AI and cloud infrastructure across multiple U.S. states.

Consumer Goods & Food

• Chobani – Building a $1.2 billion dairy facility in New York.
• Bel Brands USA – Expanding cheese production with a $350 million investment.
• Cra-Z-Art – Increasing U.S. production capacity by 50%.

These moves reflect a broader trend of reshoring, AI infrastructure growth, and supply chain localization—driven by tariffs, tech competition, and federal incentives.

That's only in Trumps first six months - doesn't sound like gloom and doom to me.

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SimplyMe said:

Additionally, the "Big Beautiful Bill" adds an annual $250 fee for EVs and $100 for hybrids -- so not sure that Honda and Toyota will want to invest in building lots of hybrids, when they cost more to build and then won't save customers any money, as the added registration fee will be more than any potential gas savings.

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Fantine said:

Just saw this on Yahoo finance. Stocks have been rising, but it does not sound as if the economy is that healthy right now. Trump's solution is to announce who he is nominating to replace Jerome Powell as chair of the Fed as soon as he can. While Powell can't be pushed out until his term ends next year, if Trump telegraphs his replacement It is believed that will hurt Powell's influence on the economy. As usual, Trump wants to push Powell into lowering interest rates sooner than may be prudent and punishing him if he does not.
As a retired person, I feel much more comfortable with a president who appoints well respected experts in their fields and lets them do their jobs. Powell successfully helped our country recover from global inflationary pressures. Lowering interest rates too soon can reignite inflation, which could also be ignited by tariffs.
Are you concerned, too?

Click to expand...

probinson said:

This is happening at the state level also. PA just instituted a "Road User Charge" for owners of EVs and PHEVs. In 2025 when you renew your registration, there is now a $200 road user change added for EVs and a $50 charge for PHEVs. In 2026, that number increases to $250 for EVs and $63 for PHEVs. In 2027 and beyond, the rate will continue to increase based on the consumer price index.

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wing2000 said:

An EV (and Hybrid) tax at both the state and federal level....that's not punitive at all.

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probinson said:

Except it's not really a new tax, and it's not exclusive to EV owners. People driving gas-powered vehicles are paying the tax also every time they fill up. From the link above:

If you drive a gas-powered car, you already help pay to maintain Pennsylvania’s road and bridge network through gas taxes. The new law creates a fair way for all drivers to help maintain Pennsylvania’s transportation network, ensuring that EV and PHEV owners who pay no or very little gas tax are also contributing to Pennsylvania’s Motor License Fund for highway and bridge maintenance.​

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probinson said:

This is happening at the state level also. PA just instituted a "Road User Charge" for owners of EVs and PHEVs. In 2025 when you renew your registration, there is now a $200 road user change added for EVs and a $50 charge for PHEVs. In 2026, that number increases to $250 for EVs and $63 for PHEVs. In 2027 and beyond, the rate will continue to increase based on the consumer price index.

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wing2000 said:

Yes, it is a new tax.
I'm fine with EV owners paying their fair share to support the nation's road. This proposal is not fair....at all.

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wing2000 said:

Arizona collects highway funding with annual car registeration.

EV owners now pay an additional $200 annual fee on top of their registration fees (which is based on the car value). Now congress wants to add $250.

So if I drive 10,000 miles a year, I would pay aproximately $62 in federal gas tax at the pump (assuming 30 mpg for an efficient gas vehicle).

$450 vs $62. How is that fair?

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BCP1928 said:

Whatever in the world makes you think it's intended to be fair?

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wing2000 said:

Arizona collects highway funding with annual car registeration.

EV owners now pay an additional $200 annual fee on top of their registration fees (which is based on the car value. Now congress wants to add $250.

So if I drive 10,000 miles a year, I would pay aproximately $62 in federal gas tax at the pump (assuming 30 mpg for an efficient gas vehicle).

$450 vs $62. How is that fair?

Click to expand...