There's a lot of talk on both sides about more jobs, more US production, and less China. US manufacturing is expanding , but most experts seem pretty pessimisstic about that trend. Let's try to see what the candidates mention on the matter:
Trump on the Issue:
Trump lacks a manufacturing "platform" flat out, so I've had to piece together parts of his other positions to try and make a clear argument, which is always difficult in the world of poltitics and made even worse by his penchant for rhetoric.
From his Economic Position: One point from his fiscal policy platform (which we'll discuss more in depth in a few days), is his desire to "create a dynamic booming economy that will create 25MN new jobs" and "boost growth to 3.5% a year on average". He doesn't go into too much detail outside of stating that regulatory changes need to be made to the current state of business in the US. He also would like to ban the Trans Pacific Partnership.
From his Energy Plan: In his oil-and-gas heavily reliant energy plan, Trump wants to "rescind all job-destorying Obama executive actions" and "eliminate all barriers to responsible energy production". With the added initiative of "unleashing" untapped oil and natural gas reserves, his plan would strive to improve energy production and general domestic production, I guess. Also his "key issues" sourced material for this position either links to nothing or a completely different article. Take a look for yourselves .
From his Trade Plan: Aside from mentioning Mexico and China by name five times Trump would like to…
-Renegotiate NAFTA terms, or if that doesn't work, withdraw completely to "end sweatshops in Mexico that undercut U.S. workers"
-Bring trade cases against China, label China as a "currency manipulator" and "use every lawful presidential power to remedy trade disputes if China does not stop its illegal activities". I'm assuming from this, Trump envisions more domestic production, more jobs, more sunshine and rainbows. Hey Trump, you know who else manipulates currency? Russia . I'm sure they feel pretty bad about being left out.
Cinton on the Issue:
'Make it in America Partnership': Through a $10BN dollar " investment " she will "bring together workers and labor, businesses, universities, community colleges, and government at every level to harness the strength of manufacturing communities across America." (I really hope she didn't leave anyone out of that) She doesn't explain where this investment comes from, but through a bit of snooping I found that the "funding partners " are various goverment sub-branches of the Department of Commerce and the Department of Labor, so your taxes in short.
China China China: Here's something that Trump and Clinton can agree on, at least in part. Clinton would also like to " prevent countries like China from abusing global trade rules and reject trade agreements that don't meet high standards." She would also like to strike down the Trans Pacific Partnership.
Incentives: Clinton would like to create tax incentives for…
-"encouraging investment in communities that have faced or are about to face significant manufacturing losses."
-"companies to bring back jobs to the U.S."
Sounds just vague enough to be palletable. Also, the thing that either candidate fails to mention? The fact that studies continually show that technology has been the biggest proponent of factory job loss in the US since the 70's, not Mexico or China.
Stock at Play
Solar City Corp ( SCTY )- From Trump's plan to "unleash" oil, shale, and gas production as a means to increase jobs in the US, the country's largest solar corporation might take a hit as Trump states he will turn back all initiatives against oil and gas (solar panel government subsidization being one).
General Electric ( GE )- One of the largest companies in the world also holds a huge chunk of change in offshore accounts ( $119BN to be exact ), if we scale back offshore business and offshore dealings GE might see a vast change in how they do business.
ConocoPhillips ( COP )- The largest US oil company would benefit greatly from a Trump "unleashing" of barriers for oil and gas producers.
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