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The End of the Vertically Integrated Producers Cycle
The idea that, oh, I can pass on my manufacturing bit to whatever Bozo wants to do it in China or Mexico is now directly under attack. And workers in the Western world, the people whose main comparative advantage was just to have two strong arms and a willingness to work hard, fell too far behind. The question indeed is, have we come now to the end of this cycle? In essence, President Trump's message is if you want to sell to the U.S. consumer, that's great, as long as you produce here in North America.