I'm really not sure how much I clarified, but that's okay. I'm for free markets, but when the market we're buying from because it's cheap comes up and kicks us in the a$$, then it's time to reevaluate.
I was working for awhile today; ironically in the pet food business. On the way home I was listening to 'Market Watch' and how we have a $248 billion (or so) trade deficit with China. The administration is working on this, but it's a long, drawn-out affair. Anyway, it amounts to this; the Chinese are importing $248 billion/year more into our economy than we export to theirs. And one wonders; how much of this is crap, and dangerous to our way of life, in the way of foodstuffs or food ingredients?
Now, I'm not one for embargo's, or tariffs, but I think our trade situation with China needs a major reevaluation.
“Now, I’m not one for embargo’s, or tariffs, but I think our trade situation with China needs a major reevaluation.”
It needs reevaluated for a whole host of reasons, one of which is the suicidal tendencies of our corporations, who send manufacturing over there and end up developing their own competition.
A perfect example was in the WSJ on Friday. Favorite car of the up-and-coming Chinese? A Chinese-produced Buick. Oh, excuse me, it USED to be that Buick. Now, the company that was producing Buicks for GM has come out with their OWN upscale car.
GM’s response? “We were told early on that it might come to this, but we felt it was important to be in China anyway.”
It’s happening in industry after industry. As Bugs Bunny said: “What a bunch of maroons!”