Posted on 04/07/2020 4:42:39 PM PDT by BeauBo
U.S. companies are leaving China thanks to the trade war. They’ll leave even more thanks to the pandemic.
Sorry, Davos Man. Your China-led globalization is going out of style like bell bottoms.
Global manufacturing consulting firm, Kearney, released its seventh annual Reshoring Index on Tuesday, show what they called a “dramatic reversal” of a five-year trend as domestic U.S. manufacturing in 2019 commanded a significantly greater share versus 14 Asian exporters tracked in the study. Manufacturing imports from China were the hardest hit.
(Excerpt) Read more at forbes.com ...
Basically, the tariffs and all the trade deals add up to taking the pie (share of the US maret) away from communist China, and dividing it among everyone else - US included.
Mexico has also been a big winner, at China's expense.
China Trade Ping.
The tariffs should have been across the board.
We don’t want to stop dependency on China only to become dependent on India, or Vietnam, or Ghana.
I want names, dates and relocation data, anyone who does business without enemies are our enemy as well.
Thanks.
[Mexico has also been a big winner, at China’s expense. ]
good, china is asshoe
Isolate,
Boycott and
Quarantine
CHICOM!
I'll have to think on it.
Just read over at The Washington Times that President is considering stopping payment of funding to the WHO organization.
he needs to cut it off at the knees the bastards lied and covered for China. “There is no evidcence of human to human contact”
It’s not easy, but whenever I can, I’m avoiding Chinese products.
No way to get away from it yet with respect to stuff in my cars/etc, but I figure every little bit helps.
Too bad for the Chinese people, but their ruling party manages to even out suck, out screw up, and out crime our Democrats.
“New Data Shows U.S. Companies Are Definitely Leaving China”
as well they should, and not just china ...
for example, the companies making hydroxychloroquine in India are U.S. companies that are not being allowed to export the products that they own from India, and relying on personal relationships is simply not good enough in the long run for the United States to be a secure nation.
We thus need a new superpower initiative in which the United States isn’t just the biggest energy producer in the world, and the biggest food producer and exporter in the world, but we also MUST become the biggest pharmaceutical manufacturer in the world (including full vertical integration of precursor supply), and thereby transform ourselves into the largest exporter of pharmaceuticals in the world as well.
It’s not good enough to just be self-sufficient in food and energy production and a world exporter of surpluses of those essential products, but the same HAS to be true with pharmaceuticals too: the United States of America MUST become the nation that all the other nations turn to for their pharmaceuticals, instead of us remaining the nation that turns to others for our medications.
Energy and food self-sufficiency are not sufficient to maintain national security as long as we remain a beggar nation when it comes to relying on other nations to supply our healthcare system.
True national security stands on four legs: military power, energy self-sufficiency, food self-sufficiency, and healthcare self-sufficiency.
Just last night I happened to notice that LL Bean has discontinued their long-time contract with the Chippewa boot company in Wisconsin, who made (past tense) their really cool Engineer’s Boots, and are now selling a cheap-assed imitation made in China.
Hoo-boy are they getting lit up on the reviews.
Their timing sucks, just like their loyalty.
I like that. I find Mexicans to usually be cool people individually, but the problem is they come here and deflate wages and vote Democrat when they become citizens.
Why build China’s economy for them when we can help Canada, Mexico, and Central America?
For that matter, from now on I will prefer products made anywhere in the world except China. Japan, Taiwan, Singapore, Vietnam, Thailand, depending on the product is open to consideration, but I’ll always be looking for an alternative to anything made in China.
See tagline.
There’s the silver lining for sure: a nation comprised more of makers and builders than servants and idle burdens.
The mask dropped with respect to pharmaceuticals and I don’t think that dependency will happen again at any price. The problem is that you can’t deal with Chinese manufacturers without dealing with The Party. And The Party has its own interests, some of them not even Chinese. The Party is about power. The Party is about globalism because globalism is about power. Both have overstepped themselves, both have taken a hard hit, and both will be back.
“True national security stands on four legs: military power, energy self-sufficiency, food self-sufficiency, and healthcare self-sufficiency.”
Yes, yes, yes, and yes.
I think true, long term power also has to depend on MONEY.
We must also take in, as much as we pay out.
For real.
“We thus need a new superpower initiative in which the United States isn’t just the biggest energy producer in the world, and the biggest food producer and exporter in the world”
Being the world’s biggest exporter in a way that drastically alters the % of the economy attributable to exports, creates an economy more DEPENDENT ON EXPORTS continuing. That puts an economy at risk domestically from disruptions in the economy(ies) exported to. A downturn in the economies buying from you causes pain in your economy relative to how much your GDP is export dependent/derived.
Right now the U.S. does not have THAT problem, as exports make up only about 12% of U.S. GDP.
Producing more for ourselves domestically would be good. Making our economy dependent on exports too much would not be good.
A good place to start would be in the “supply chains” of small manufacturers that make all sorts of stuff that feeds into larger manufacturers. Those companies and industries can be incubators of new ideas, new goods and new businesses. They also make up a big part of our imports. The problem is they too need materials, and the U.S. does always have the materials needed in sufficient quantities domestically. Fixing that raises imports of raw materials. Getting the whole thing fixed is a giant balancing act that private industry itself has to sort out.
Very precisely targeted tariffs can help, if they are that and not (generally speaking) overly broad tariffs. Tariffs vis-a-vis China is a whole nother issue that relates to fixing not merely9 a single problem but the whole U.S.-China economic relationship.
We need an economic council that looks for, and advises, how government can HELP improve the building of U.S. domestic manufacturing without the government trying to command and control it into existence.
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