Since I’m in a typing mood, permit me add something to my post #52. It is something I have mentioned before.
A few years ago I was watching a news story about an American company that made door locks for cars. The company owner was very upset. He said that the Chinese had entered the market, and were selling door locks for less than it took for his company to make them.
The Chinese locks weren’t as good as the American ones. But they were good enough. So the owner had only two options. Either go bankrupt or move his production to China. He hated that he had to make that decision. And he was almost crying because he saw his employees as family.
I don’t know I what the owner ended up doing. But if he moved production, he’s not the bad guy. The bad guy is the one who let the Chinese locks enter the American market.
In a word tariffs.