If so, it means that we are holding our own with the rest of the world as a desirable place to invest and only losing that nation's investment which is itself of potentially dangerous character.
Sad the WSJ has sunk this low.
Raise minimum wage to $15 and hour and watch foreign investment by multinationals drop.
Another rag that makes the enquirer and the UFO aliens look sane
The WSJ propagandizing for ending the tariffs on Chinese imports in this “oh, woe is us” article. Sorry, I’m not buying it.
Free traitor articles are a hoot.
Anti-American international trade deals, cobbled together by Pubbie Republicans, are sending jobs everywhere, and thank goodness Donald Trump is changing that!
"Two for the price of one!"
China has large stakes in Hollywood and the media. Makes one wonder how many so called news stories are actually Chinese propaganda served up by MSM puppets of the ChiComs?
My response is twofold.
First the huge bulk of the reduction in FDI is Chinese. This is a consequence of needed changes and even this president said there would be some pain along the path to having free and fair trade.
Second, reading this piece and knowing its source is decidedly anti Trump brings to mind a phrase, “Figures lie and liars figure”.
If you were to ask Japanese, S. Korean, Chinese, EU or a Taiwanese economists if high restrictive import tariffs on durable goods and protective tariffs are beneficial to their economy all of them would give you a resounding YES! Only in America are our economist bound ( paid off) to some stupid theory on free trade when the rest of the world is practicing mercantilism.
The myopic pin heads at the WSJ are Krotch Bros. operatives doing the bidding of the globalist corporate handlers who continue strip mining the USA under the direction of the WTO.
If so, it means that we are holding our own with the rest of the world as a desirable place to invest and only losing that nation's investment which is itself of potentially dangerous character.
Let’s suppose the date is March 1942. Japan and Germany have had an uninterrupted series of victories. The Wall Street Journal editors of today, back then, would have predicted gloom and doom. That’s because the war was a long, hard slog and it was not defined by any one battle. You could not look at Pearl Harbor or Dunkirk and predict what was going to happen.
That is the situation with the trade war. There are so many pieces in play and so many “battles” that you can’t look at a select few and determine the outcome five or ten years hence.
The United States...let’s face it...Trump...have a hand full of winning cards. China has so over leveraged their economy they have no firm base from which to build anything different than what they have now. The US is in a much better position. I am betting on the US and our president, who has demonstrated time and time again that he knows what he is doing.
A lack of skilled employees is sending jobs elsewhere, but the elsewhere is the future. In Aerospace (where, exactly would Aerospace jobs go, WSJ?) We have huge backlogs and our turn around times have quadrupled.
The Trump economy won’t go bad in the next year for us, because we have a 2 year backlog of work. In a year, we might have a 3 year backlog, If we can’t find employees to help clear the existing backlogs.
We are a nation of workers and not consumers. We have to produce before we can “consume” anything. Calling us a nation of "consumers" is reducing human kind to the level of insects, which I find offensive.
This is how they view you:
If this was solely a trade issue (in reality the economy is far more complicated), there would be room to complain. However, we haven’t been a true free market for a long time, and I’m convinced that is the problem. We’ve begun travelling down the road of central planning, and that never ends well. Government interference in anything automatically causes bloat and undue suffering.
In any case, I’m fine with paying more now for American-made products if, in the future, trade resolves with China and becomes more even-handed.
Lies, damned lies and statistics.
They try to make the FDI slowdown look like an isolated American (i.e. Trump) problem, when it was a global phenomena.
Worldwide, FDI dropped $700 billion/year worldwide from 2016 to 2018.
What happened? US tax reform.
What they don’t mention, is that it also resulted in a huge inflow of money, from US corporations that were holding their profits overseas. Bloomberg reported on the repatriation from the tax reform yesterday:
“U.S. corporations brought back about $876.8 billion over 2018 and the first quarter of 2019” (chemical and electronics companies accounted for almost half of that).
So the real bottom line is that MORE money came into the USA during 2016-2018. A significant increase - the opposite of what the story implies.
It is unclear yet how relatively efficiently it was/will be invested into productive capacity, but FDI is not all increases in productivity either (it includes foreigners buying houses here, and such).
Another bottom line indicator - US GDP growth rates moved up during this timeframe.
Just shut up WSJ. We need to be able to build things
I searched on the author, and found the first other article of his in the results was “How to Save Globalization” in Foreign Affairs magazine (more of a political, rather than business/economics publication).
In that article, he focuses on “inequality”, and his proposed Government “solutions” for it. Sounds like a real CFR, America last, never Trumper type.
Axe to grind much?
Foreign direct investment can be anything. It can be wealthy Chinese buying multi million dollar homes so they can qualify for a green card That’s not an “investment“ that results in high paying jobs creating automobiles, airplanes, computers, etc.