Companies will have little choice but to move out of China.
The tariff should be per product not per country. Bring it home baby!!!!
Since you have to ask, the answer is “No”.
I would like to think the unions would help make that happen. But since that would be counter to the DEM platform of putting world interests way ahead of American interests, good luck.
We were wise enough to see that it wasn't smart to have so many of our operations in one country and were already beginning to diversify. The three U.S. companies which I worked for since were, in varying degrees, not so wise. Lots of U.S. companies were even stupider.
Long story short, the wisest of the three companies (the one I am working for now), is well diversified in supply chain locations and I expect we will get through this with minor hiccups. The most foolish of the three (put all their eggs in the China basket) is out of business and the third (put most of their eggs in the China basket) is in a world of hurt.
We had better revive our pharmaceutical manufacturing at the very least. Hard to believe how far our “national security” has been impacted by off-shoring and the “green” marxists.
“Can President Trump invoke emergency powers that would wave many of the non-essential permits and red tape issues and begin rapidly ramping up Factories in the United States?
It would seem to me that if we act NOW (not three months from now) we can accomplish two major things to avoid Catastrohpie. “
No, we’re going to get reamed regardless of what Trump does, as the shelves start to empty this week. But yes, we DEFINITELY need to figure out critical industries and get them back here. I could make a list of a 1000 ways that I would deregulate production...at least to get us back on our feet.
For example, allow Truck manufacturers to build truck engines that don’t require electronics - just big diesel engines, like we had in the past. We can live with the pollution, but not without the trucks...it would be short-term, maybe several years, and then start tightening up requirements again, so our air doesn’t turn into that of Peking. The key is TOTALLY FREE UP production now...just to get things moving. Cleaning up after that will be easy and quick, since all the technology already exists.
To put it another way, we could probably punch out a car that functions to get people and goods from Point A to Point B in 6 months, from a dirt field, if that’s all it had to do. But to get airbags, anti-locks, closed-loop fuel injection, etc. - that requires computers and a huge amount of tweaking - we know how to do it, but the number of piece parts in the car increases 100 fold...so maybe 5 years to get them safe and clean again.
Only if they were smart. Just watch.
The Chinese build entire hospitals in 2 weeks.
Here we can’t even organize the permit requests in 2 years.
No. US companies created this mess by trying to take advantage of slave labor in communist China. Them them enjoy the suck.
sure just import several million workers to take the jobs since we are at or near full employment
The answer is YES.
It certainly highlights Supply Chain vulnerabilities and the downside of Just In Time (JIT) inventory management, but as soon as the crisis passes, it'll be forgotten and on the the next thing.
I believe Rush Limbaugh put forth the theory that the left is exaggerating things to scuttle the economy and sink President Trump, and there could very well be a lot of truth in that.
I mentioned the other day that we should be able to leverage the shortages being created by China’s corruption and poor handling of this in order to bring even more manufacturing jobs back here...China is supplied with materials for manufacturing antibiotics and they control over 90% of the finished product...not to mention all the electronics/automobile and other parts that are assembled there.
Do it!
Great idea.
This is a reasonable response that would boost America’s fortunes and the fortunes of President Trump.
My guess is that’s the sort of thing his team is looking at, while not wanting to call attention to it.
The idea was to keep us from panicking, but if he starts to get beat up for inaction, like W and Katrina, I imagine they’ll be more forthcoming about what they are doing—and hopefully do more of it.
That we have barely tested anyone for it, and expressly not anyone by which we could establish community transmission, is not a good look for us at all.