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Jan 15, 2018 14 tweets 6 min read Read on X
#MAGAnomics: Exiting #NAFTA and #TaxCuts will create an economic boom

1) CNBC recently argued that 2018 could see a “Made in America” boom
cnbc.com/2018/01/11/the…
2) There are a few reasons for this. First, the #TaxCuts lowered corporate tax rates significantly, making it more attractive to move operations to the US
3) Bonuses for the American worker are just the beginning
4) President Trump has also removed lots of regulations, making it more attractive for companies to do business in the US
nytimes.com/2017/12/14/us/…
5) In addition, President Trump has created an American energy boom, lowering energy costs in the US and creating high-paying jobs
6) Then there’s #NAFTA. Canada is increasingly convinced the US will pull out of the agreement
reuters.com/article/us-tra…
7) They’re clearly freaking out, as their Ministry of Foreign Affairs was recently lobbying US politicians. I guess no one cares about collusion or foreign influence when it’s Canada
8) Mexico is concerned too, considering it could greatly hurt their overall economy
ft.com/content/da35f4…
9) This is because ending #NAFTA will restore America’s competitive advantage. According to CNBC “Should the U.S. pull out of the agreement, incentives to “off-shore” factories could diminish.”
cnbc.com/2018/01/11/the…
10) Mexico may have cheaper labor, but the US is the world’s biggest market. Why incur heavy transportation costs bringing products to the US when they can be manufactured in America?
acetool.commerce.gov/shipping
11) On top of that, higher levels of automation and robotics in American factories reduce labor costs. American factories are more productive and offer manufacturers a competitive advantage over cheaper labor in foreign countries
ifr.org/news/us-indust…
12) With lower taxes and less regulations, it becomes more attractive to do business in the US. It’s not just Canada and Mexico. The Germans fear this will hurt them too
global.handelsblatt.com/politics/germa…
13) Tax reform, curbing unnecessary regulation and fair trade for America – It’s #MAGAnomics 101
wsj.com/articles/intro…
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