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So the dream here is that Americans have a lot less disposable income and work physically demanding jobs, while Chinese factory workers get to be management consultants with luxury SUVs and holiday homes? I can see why this idea is appealing to someone, just not sure it's Americans.

FinTwitter@fintwitter.bsky.social

US Treasury Secretary Bessent: Rebalancing of China economy towards consumption and US economy towards manufacturing in two to three years would be a huge win - JPMorgan session.

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Didn't Truss have similar lunacy in her Brittannia unchained book? Her dream appearing to be to have a very poor population so that we could compete price wise with China.... how does that train of thought ever leave any station?

Destroying the American way of life to ensure the country has enough manufacturing capacity to rapidly transition into a war economy in case there's a need to defend the American way of life.

Trump's GOP reinforce their power base electorally. That's their logic so Trump's megalomanic tendency is satisfied so Trump and his close political associates benefit. Thus, some Americans do benefit (not many, obviously).