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New Data Shows U.S. Companies Are Definitely Leaving China
Forbes ^ | 7 April 2020 | Kenneth Rapoza

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 ...


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: asia; china; kag; maga; manufacturing; redchina; reshoring; trade; usmca
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To: BeauBo

Ours moved to Taiwan.


21 posted on 04/07/2020 5:38:47 PM PDT by NoLibZone (1 Party wants to limit immigration to allow for adequate medical resources to handle Pandemics.)
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To: BeauBo

When this is over I want to DESTROY China.

Give whatever tax incentive is necessary to bleed them of manufacturing


22 posted on 04/07/2020 5:47:14 PM PDT by Vendome (I've Gotta Be Me https://www.youtube.com/watch?v=BB0ndRzaz2o)
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To: Vendome

Yep.

So sick of ANYTHING Made in ChiCom.


23 posted on 04/07/2020 5:49:01 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.)
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To: onona

“Any long term prognostications on the impact to the stock market as a result?”

I think it supports better earnings/higher stock prices for US companies somewhat, but would not by itself be a big market mover long term.

The bigger effects are gaining more security and reliability of our supply chain - avoiding the downsides of ChiCom dominance.


24 posted on 04/07/2020 6:07:49 PM PDT by BeauBo
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To: Biggirl

“Just read over at The Washington Times that President is considering stopping payment of funding to the WHO organization.”

If they stop performing their job, fire them.

No sense in paying, if we don’t get a quality product.


25 posted on 04/07/2020 6:09:42 PM PDT by BeauBo
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To: Wuli

“Making our economy dependent on exports too much would not be good.”

indeed ... just look at china ... however, in terms of gross revenue, pharmaceutical exports, even if we supplied a big chunk of the world’s needs, is a drop in the bucket compared to the value of the oil and food that we already export, and yet would have a MUCH greater impact on the balance of U.S. power ...


26 posted on 04/07/2020 6:16:37 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Wuli

You said:

“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.”

I completely disagree with you.

Completely.

100%


27 posted on 04/07/2020 6:22:28 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: BeauBo
From the article:Bunches of US companies are rethinking their supply chain(s) with an eye towards dropping China. That's the least they could do, even if it hurts their bottom line a little bit.
28 posted on 04/07/2020 6:23:12 PM PDT by upchuck (Democrats are always the problem, never the answer.)
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To: upchuck

China HOARDS items, in times like right now.

HOARDS them.

China is the LAST country in the entire globe, we want to be dependent on.


29 posted on 04/07/2020 6:28:05 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: cba123

A lot of fools in the American political and business elite thought it was just great to strip mine America of its industrial power and send it China.

They made a lot of money out of doing that. They didn’t lose their jobs and they didn’t live in the little Rust Belt towns that were decimated by it.


30 posted on 04/07/2020 6:32:26 PM PDT by Pelham (Mary McCord, Sally Yates and Michael Atkinson all belong in prison.)
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To: Da Coyote

I’ve been SCREAMING this! At EVERY opportunity DO NOT BUY FROM CHINA.

It’ll take time but this is the biggest weapon we have against this evil regime. I don’t think some realize just how evil they are.

Unless the CONSUMER is demanding that we have options then corporations won’t listen. It takes each and every one of us. A cultural awakening needs to happen, realize just how vulnerable we are to them. Once their economy is the most dominant and they figure they don’t need us anymore what do we think will happen?

We all need to act now and stop this insane force known as the CCP. The writing is on the wall.


31 posted on 04/07/2020 6:33:59 PM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: catnipman

“however, in terms of gross revenue, pharmaceutical exports, even if we supplied a big chunk of the world’s needs, is a drop in the bucket compared to the value of the oil and food that we already export”

And yet exports are still only 12% of U.S. GDP. How do you define a “drop in the bucket”. Is 12% a “drop in the bucket” of 100%???

Big Pharma is international and multi-national, manufacturing all over the world and selling all over the world. The only way drug exports from the U.S. would increase greatly would be under a socialist regime that nationalized the drug companies; and I don’t see that happening.


32 posted on 04/07/2020 6:43:25 PM PDT by Wuli
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To: DannyTN
We need to change the law so that profits made overseas can be brought back into the US with minimal tax and fuss.
33 posted on 04/07/2020 6:46:12 PM PDT by Harmless Teddy Bear (Leave it to me to be holdin' the matches when the fire truck shows up & there's nobody else to blame)
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To: BeauBo

“New Data Shows U.S. Companies Are Definitely Leaving China..”

Almost as fast as they are leaving Illinois.


34 posted on 04/07/2020 6:48:04 PM PDT by Bonemaker (invictus maneo)
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To: OKSooner

“...but I’ll always be looking for an alternative to anything made in China...”

Me too but more to screw over the American company that off-shored it.


35 posted on 04/07/2020 6:50:42 PM PDT by Bonemaker (invictus maneo)
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To: cba123

Germany, in the fall of 2019 was heading into recession, because (a) 47% of Germany GDP is exports, and (b) exports from Germany were way down. Ergo, Germany’s domestic economy began to slump due to the relative size of its exports to its GDP - export dependent.


36 posted on 04/07/2020 6:52:10 PM PDT by Wuli
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To: BeauBo

Moving from 1 shithole country to another! Commies control China and Cartels control Mexico. Hey here is a novel idea, why not make it in the US?


37 posted on 04/07/2020 6:58:02 PM PDT by Bommer (I am a MAGA-Deplorian! It is the way! It is the only way!)
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To: Vendome

I agree. China needs to pay dearly for what they did or it will keep happening.


38 posted on 04/07/2020 7:07:45 PM PDT by jospehm20
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To: OKSooner

I’ll buy American first but am happy to buy from Japan or Singapore if it means not buying products from China.


39 posted on 04/07/2020 8:11:01 PM PDT by Crucial
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To: catnipman

Autarky.


40 posted on 04/07/2020 10:09:44 PM PDT by Amberdawn
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