Don't be suckered by the hype. 40% of our imports come from China, with only 2.7% of consumables, which isn't even a "majority," let alone a "great majority."
“A common rebuttal I got was, “How can it only be 2.7% when almost everything in Wal-Mart (NYSE: WMT ) is made in China?” Because Wal-Mart’s $260 billion in U.S. revenue isn’t exactly reflective of America’s $14.5 trillion economy. Wal-Mart might sell a broad range of knickknacks, many of which are made in China, but the vast majority of what Americans spend their money on is not knickknacks.”
88.5% of consumables are made in the USA.
“Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the “Made in China” label. “
Statistics can be made to prove anything.
Tell me what is manufactured in the US with ONLY US components. The so called ‘made in America’ label has been a lie for years. Best example is car manufacturing.
Steel is no longer made in the US. Televisions are no longer made in the US. Most clothing (and I don’t mean Walmart) is no longer made in the US. IC are mainly manufactured in Taiwan, Singapore, Japan, and Korea. A few are done state side but not the bulk. Most computers are mad outside the US. We do still make airplanes.
Your point obfuscates my comments by not dealing with the actual specifics of what I said. I was talking about what we manufacture that list is short and dwindling. To tell me that a good has transportation, marketing, sales, etc costs built into the price is a straw man.