To: GulfMan
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.
23 posted on
02/25/2020 8:12:35 AM PST by
trebb
(Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
To: trebb
I mentioned the other day that we should be able to leverage the shortages being created by Chinas 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.
That's not really going to be very likely. Even with a complete collapse from China. I read an article on here a while ago that several manufacturers were actually beginning to move some production out of China, due to costs rising, and were starting to look at other places like the Philippines, Malaysia, Africa, etc. What China did to us, other even poorer countries have started doing to them.
Say China disappeared tomorrow. Sure, supply chains would hurt, but they would be pretty quickly taken over by other third-world manufacturing countries. Not much of that would be coming back to these US. Even full automation / robotic production on simple products; the land costs, taxes, regulations, inspections, insurance, etc just aren't profitable for many supplier chains.
So unless you have inflated prices on government guaranteed purchase, made-in-USA contracts, or large tariffs on every country for certain cheap items, there's no way (certain) production can come back here. I don't like it, But I don't see any way we can become competitive as a country in the cheap goods segment.
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