“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!”
It needs reevaluation, but that's not the cure. The cure will be when the markets for Chinese goods/ingredients begins to dry up because the public is no longer interested in products that stem from them. THAT's what will drive a market correction.
And, I'm ready. And so are people I talk to in my weekend retirement fun job as demo rep. I think this pet food situation has put the problem front-and-center, and now with the possible (probable?) inclusion of melamine in human food, I think the situation will overwhelm the food industry and the FDA very quickly. People simply aren't going to stand for it.