Reports put out by Axios suggest that American firms have little interest in the American market and are in fact trying to tap into overseas consumers as a priority. Starbucks has put forward plans to hire 278% more foreign workers with this goal in mind.
One of President Trump’s platforms was to bring jobs back to America by both applying tariffs and refining tax arrangements. But many companies don’t see their future in the U.S.A.
As reported in the Daily Caller:
Apple saw China as an area ripe with opportunity long before Trump emerged on the U.S. political scene. By 2004, the company had already moved the majority of its manufacturing from the U.S. to China. Just over a decade later, in 2015, Apple secured its position as the most popular smart phone maker in the nation, and sold 58.4 million Apple devices in China that year.
While Apple reportedly asked two of the firms who manufacture its iPhones to consider moving production back to the U.S., the firm has yet to make a definitive move after Trump’s repeated threats.
Many companies are now considering following the example of Carrier. Carrier responded to Trump’s proposals and resulted in saving 800-1100 jobs, but much of the operation is still basing itself overseas. A half in-half-out approach.
The other obstacle Trump faces is that labor is becoming highly mechanized. Jobs typically filled by factory workers are now being replaced with machines. Mechanization will likely prove a very difficult, if not insurmountable, obstacle for Trump to overcome.