Posted on 02/25/2020 8:41:06 PM PST by UMCRevMom@aol.com
President Trump knew that it was unreasonable and unsafe for the US economy to be so dependent on China. He was ridiculed for his tariffs which now appear to have prevented a major economic catastrophe due to US companies moving their operations out of China over the past couple years.
Last night, Melissa Francis from FOX Business Network, was on Tucker Carlson Tonight and she shared this observation:
Because he [President Trump] started this trade war that was costing companies money, they went out and set up different ways that, well maybe we can get this from here, heres our second, maybe well do this if it [the trade war] doesnt get solved, and companies have either moved or found a different way
But its ironic that President Trump sort of warned us about this relationship and as usual faced so much ridicule over it and now we see yet another reason why we shouldnt be totally dependent on this one country for so many things.
Forbes reported in August 2019 that President Trumps actions would likely move American companies out of China:
Assuming Trump makes good on his promise to tariff all China goods at 10% starting Sept 1, with the very real possibility of those tariffs hitting 25% soon after, then it looks like more companies will move their supply chain.
For a long time, China has been the worlds low cost, low regulation, manufacturer of choice. Even though multinationals would like to keep it that way, some 40% of U.S. companies are relocating at least some of their supply out of China, according to a May 2019 AmCham Shanghai survey.
This shows the disruptive effect the trade war is having on supply chains. If new U.S. tariffs do take effect September 1, the increased tensions will likely accelerate the relocation trends we are seeing now, says Kenneth Jarrett, a senior advisor at Albright Stonebridge Group, a Washington DC based strategic advisory firm.
CNBC reported in July 2019 that more than 50 companies had pulled out of China due to President Trumps actions:
The pace of companies moving production out of China is accelerating as more than 50 multinationals from Apple to Nintendo to Dell are rushing to escape the punitive tariffs placed by the U.S., according to the Nikkei Asian review.
The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. President Donald Trump is still threatening to slap duties on another $325 billion of goods. In wake of the intensifying battle, more and more companies announced plans or are considering shifting manufacturing from China.
President Trump again did the right thing in the face of media and Democrat ridicule that ends up saving the US and the US economy.
Melissa Francis on Tucker Carlson Tonight Praises Trump on China Policy
https://www.youtube.com/watch?time_continue=3&v=v3RDIm1fwuY&feature=emb_logo
I just heard tonight that China is involved with our
anti-biotic production. How stupid is that? (not that Trump did this).
“I just heard tonight that China is involved with our
anti-biotic production.”
More like they OWN our anti-biotic supply...they produce it all.
I agree that Trump has helped...but he needed more time. We didn’t get reliant on China overnight, nor will we wean ourselves overnight...although this body-blow that’s about to hit will definitely speed up the weaning process.
This should be trumpeted everywhere (pardon the pun).
“...More like they OWN our anti-biotic supply...they produce it all...”
I think this experience will change this situation. Greed from the BIG-PHARMA business chain has caused this to rise. Allowing it to continue makes us too vulnerable.
“I agree that Trump has helped...but he needed more time. We didnt get reliant on China overnight, nor will we wean ourselves overnight...although this body-blow thats about to hit will definitely speed up the weaning process.”
Concur. Trump did not weaken us relative to this virus, he strengthened us.
I agree that Trump has helped...but he needed more time. We didnt get reliant on China overnight, nor will we wean ourselves overnight...although this body-blow thats about to hit will definitely speed up the weaning process.
~~~~~
Concur. Trump did not weaken us relative to this virus, he strengthened us.
==
Amen!!
80% of all medicines that we use are sourced from China. Either by direct production or through presursor chemicals.
This ranges from penicillin to aspirin to blood pressure meds. Everything, really.
Rosemary Gibson is an expert who has been warning about our dangerous dependency for several years. She wrote a book on it, China RX. No one paid attention. Now maybe they will, instead of parroting the libertarian bull#### about letting the invisible hand decide absolutely everything.
https://pandemic.warroom.org/ep-15-practical-preparedness/
https://www.c-span.org/video/?445077-2/china-rx
Not quite true. They do not produce it all. They do however produce 80% of it. This needs to change and it will. This virus scare originating in China whatever the cause (wet market or bio lab) is waking up this country and its manufacturers.
We don’t make ANY antibiotics...
Under Obama lots of our military equipment (and stuff that went into making our equipment) was produced in China.
Thank God Trump started the process of bringing industry back to the United States a few months after becoming President.
“..80% of all medicines that we use are sourced from China...”
Only one reason to be going to China for such a critical product line...CHEAP!!!
Wouldn’t bother me a bit if he US stopped all trade with China. Why keep funding the bad guys?
There are plenty of other countries that can cheaply manufacturer whatever it is that China is making. And I don’t want my pharmaceuticals coming from China. Although generally not a fan of anti-free market, I’d much rather that anything I swallow be made in the USA.
I saw a headline recently that there are around 150 common meds that Americans take that will shortly be scarce because they come from China. I have no idea which ones because I didnt read it since I dont take any meds and it didnt effect me.
An acute shortage in antibiotics could force the medical community to treat patients with holistic methods.
Fewer than half COVID-19 carriers detected by screening, study finds
https://news.sky.com/story/fewer-than-half-covid-19-carriers-detected-by-screening-study-finds-11943087
MUST-READ BUMP
This was incredibly stupid - making us beholden to our enemies. Just brilliant...or maybe Obama knew what he was doing.
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