To help German and European and other manufacturers to make the decision to invest in producing their stuff in the USA quickly (and so reduce the risk of inflation), Trump could set up a special agency which helps companies obtain permits, funds, help in setting up their operations inside America.
And he could set deadline. First come, first served. Whoever signs up in week one gets the best deal (taxes etc), in week two, a deal half as good and so on.
This to encourage companies to switch production to the USA very fast and so reduce the risk of inflation.
Inflation can also be reduced by central bank ops draining excess liquidity from the money supply (also as part of cutting government waste?) meaning no interest rates increases are necessary.
Companies must commit to a fast move and fast production in the USA. Trump could even issue temporary work permits to skilled foreign workers until enough American skilled workers are available.
Another special agency could help American coampanies and entrepreneurs expand their producton and markets ( and so reduce the risk of inflation as more stuff comes onto the market)
If German, European manufacturers wait too long to move to the US, American companies could have taken their share of the market and they may never get a foothold.
That could spell bankrupty for thousands of EU companies and the loss of tens of millions of .jobs
Plus, the EU depends on US gas and oil and this can be used to convince EU governments to persuade their own businesses to start to make stuff in the USA at top speed.
Non compliance could result in the US dialling back the exports of gas and oil and so collapsing the EU economy and bankrupting businesses altogether.
https://www.derstandard.at/story/3000000255632/nach-trumps-zoll-ankuendigung-aktienkurse-geben-weltweit-nach
As for Mexico, Canada and the EU, they can do what Russia and China do and switch their central bank over to a state central bank investing in the economy.
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