It has been reported that Black and Decker are not only bringing jobs back to the country; they are also building a new $35 million factory. The Trump effect is in full motion with more and more companies realizing that our shores is the place to be, rather than pay border tax and get negative publicity.
Expanding American manufacturing makes “business sense” amid “pervasive” uncertainty regarding the future of U.S. trade with China and Mexico, Stanley Black & Decker CEO James Loree told investors Thursday in a conference call.
Although he did not mention Donald Trump by name in his remarks to investors, Loree hinted that the move has the side benefit of inoculating his company from the possible effects of the president-elect’s threatened “border tax,” a tariff on imports.
If Trump continues on in this fashion, we are going to have a top quality economy in no time.
What are your thoughts on this?