This is why Trump's tariffs will NOT bring manufacturing back to the US

Donald Trump claims his tariffs will bring back good manufacturing jobs and help to reindustrialize the United States, but all the evidence suggests this will fail, because he has no coherent industrial policy, is gutting the state's capacities, and refuses to challenge Wall Street. Ben Norton explains how the US economy was financialized, and what it would take to truly revive industry. VIDEO: https://www.youtube.com/watch?v=GxWBnA_bQN0 Topics 0:00 (CLIPS) Intro 1:07 Trump's tariffs 2:09 Wells Fargo study 3:23 Industrial policy 3:51 China's industrial policy and planning 6:49 Biden's half-baked attempt 8:00 Survey: US manufacturing is not coming back 11:08 Tariff revenue was paid as subsidies 11:43 US government debt and deficit 12:28 Contradictions in tariff policy 13:25 Data on deindustrialization of US economy 15:45 The American System 18:44 Abraham Lincoln 19:13 Henry Clay 19:26 (CLIP) Trump on Henry Clay 19:59 (CLIP) Trump invokes the American System 20:22 Trumpism = Reaganism + protectionism 20:47 Financialization of US economy 21:20 Trump's tax cuts on the rich 21:55 Corporate incentives 22:43 GE and Boeing 23:28 Wall Street 24:24 US Commerce Secretary Howard Lutnick 25:41 (CLIP) Howard Lutnick on factory jobs 26:46 Manufacturing jobs 27:33 Views on manufacturing in USA 28:22 Lack of skilled labor in USA 29:01 Apple 29:42 (CLIP) Apple CEO Tim Cook on China 32:09 Wages in China 33:50 Vietnam and market socialism 35:37 Elon Musk and Tesla 36:57 US oligarchs 37:39 Policy proposal for reindustrialization 39:52 Challenging capital 40:38 Neoliberal globalization 42:31 Trump's tax policy helps rich, hurts poor 44:52 Outro