[ggekko]

Ford owns a controlling interest in Mazda and bought Jaguar outright. GM owns Saab and Opel and has large stakes in a number of other foreign car companies. A large number of US compnaies have large direct investments in companies domiciled in other OECD countries.

The promoters of various simple-midnded protectionist schemes voiced on FR threads and other places promote the idea of American workers losing their jobs to shoeless workers in the developing world who are willing to work for pennies a day. The reality is that when a US worker is displaced it overwhelmingly much more likely to occur in favor of a European using advanced robotics or machining technology.

Anyone promoting protectionism should be asked to put their idea in the context of investment and trade with other OECD countries. From a foreign direct investment point of view the developing is a very small part of the US FDI exposure.

[dennisw]

None the less, Toyota is 95% Japanese owned according to Forbes about 7 years ago. Tariffs should be used on all crap China wants to sell to us. It's a national security issue.