During his campaign, President Trump promised voters that he was going to overhaul the U.S. economy by implementing policies that would work for both business and individuals. Many in the mainstream media have already pegged it as a failure before any of the policies went into effect or were made public, but we now know that one of the world’s strongest economies will serve as the inspiration — Germany.
In an interview on CNBC’s Squawk Box on Wednesday, National Trade Council head Peter Navarro commented on Trump’s goal of having manufacturing jobs make up 20 percent of the American workforce. It sounds like a very ambitious goal for a country where manufacturing jobs have all but dried up as the labor was outsourced to countries such as China, but the administration believes it is possible based on Germany’s success.
Navarro said in his interview that the Trump administration envisions “a more Germany-style economy, where 20 percent of our workforce is in manufacturing. And we’re not talking about banging tin in the backroom”. The type of jobs, Navarro said, are “high technology across the board, whether it’s computer chips or cars or anything in between”.