U.S. manufacturing is facing a growing crisis as imports from China plummet, according to Kimbal Musk and Flexport CEO Ryan Petersen.
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A Looming Manufacturing Crisis
Musk, a Tesla TSLA board member and brother of Elon Musk, warned in a post on X that collapsing imports mean “no supply chain for American manufacturing,” which would “result in idle factories (layoffs).” He added that the drop in U.S. exports to China will also “mean idle factories in America.” Musk urged policymakers to “stop this nonsense and let American workers get back to work building great products for the world!”
Cratering imports from means no supply chain for American manufacturing. Which means idle factories (layoffs).
Exports from the USA to China have also cratered. That also means idle factories in America.
Time to stop this nonsense and let American workers get back to work… https://t.co/UPq8dJAMsW
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