For a few months(maybe since summer), I've been saying that I thought the dollar would become very strong if Trump won. And that seems to be playing out. This economy has been basically plagued by a vote of no confidence with the Obama Administration. And that is all about to change. I think the dollar becomes much stronger. But while this sounds awesome on the surface. The reality is that when the dollar is so strong our exports take a hit.
Globalism isn't an infinitely expanding pie. Unless the Middle East all of a sudden decides they want to work. Only then will Globalism will take another step forward. Americans were sort of okay with all of their jobs being off shored because we got cheaper goods from abroad. It sort of tricked them into not caring as much that their wages were not going up because their paychecks were still going farther than they did before. But China is becoming a mature economy. The benefit of off shoring plateaus and this is where we find ourselves now.
I think when Trump "forces" companies to stay here it will be a huge sigh of relief for most of corporate America. And I say "force" a bit tongue is cheek because it's sort of a con. And I will tell you why.
First of all, if he does manage to reduce the tax rate. He isn't going to have to force anyone to do anything. They will be falling all over themselves to set up shop in America. (which also BTW will cause the dollar to strengthen more)
Second - since I go to a lot of emerging technology talks I hear a lot of horror stories involving China. Just this year I heard someone guy talk about how the failure rate of Chinese goods is still very high. I should have a number to quantify that, but basically my brain explodes with - how is that still a problem? China has been doing manufacturing for a really long time now. And then I forget to mentally take notes on the numbers. But anyway, I think manufacturers would die to onshore. And Trump gets to talk tough, while letting people do what they naturally want to do anyway.