“Ferrell emphasized that there is opportunity in the machining and fabrication industry”
SNIP
“it will require much more capital and investment to build up the US manufacturing ecosystem”
Congress (GOPe) and Trump better pay attention to this. Without YUGE incentives for small shops to retool and expand, lessened regulations, and tax cuts these tariff’s will back fire. My suppliers have already sent notices to expect increased costs. These are materials and supplies not available in the USA. Me paying more for my supplies to enrich an already bloated government does not leave me warm and fuzzy when my tax rates are still going to be the same and machine tools skyrocket. I barely survived Biden’s awful years. In my microeconomic situation these are not good for my business.
China is not the indispensable nation.
The critical materials are not the exclusive province of China.
The idea is not to get manufacturing from China to the US; it’s to get it out of China and at least somewhere else.
You just can’t have the second largest economy cheat, lie and steal their way to the top. They don’t respect contracts, patents, rule of law.
China’s sea lanes are vulnerable and their navies cannot protect them. China gets 93% of their oil via the sea. Their navy is not what Britain was in the 19th century.
China would be crazy to believe in its invincibility and go after Taiwan.
China should be concerned if there is an attack on Iran. If there is, their oil supply would be in jeopardy.
“will require much more capital and investment to build up the US manufacturing ecosystem similar to the SEZ model in China, and it may take decades”
Not with “ Nimitzing “.
” The Yorktown will be up and running in less than 48hrs “
Could be another Great Awakening in the US. A lot of positives out there within the US.
Our problems with China ALL started with that Israel firster, Henry Kissinger.
The US must redefine trade with China.