This figure was posted yesterday in another post / article.
The 2.7% is based on ALL spending - that’s so deceptive it’s ridiculous.
Most mortgage payments don’t go to China, duh.
We discovered that only about 1/4 of clothing is made in the U.S., while about 35% is made in China.
Last time I went to the “ritzy” mall, there was NOTHING made in Europe except a few Irish sweaters. No Italian ties, silks, shoes, etc., etc.
Everything was garbage from mooselimb or asian countries.
And for that the “ritz” mall wants people to pay huge markups ? If I want Chinese-made clothing I can go anywhere. Walmart clothing at Needless Markup prices.
The huge hidden figure is industrial machine tools and equipment. China. Even Korea and the others are getting pushed out. It’s a disgusting joke.
It’s not 100% of these things, but the amount of imports points exactly towards the missing jobs in the economy.
Can I get a duh ?
“The huge hidden figure is industrial machine tools and equipment. China. Even Korea and the others are getting pushed out. It’s a disgusting joke”
No one ever mentions that the famous Blowout Preventer in the BP oil spill was ‘Made in China’.