Posted on 09/01/2020 7:29:50 AM PDT by Blood of Tyrants
“Most of them still won’t touch the jobs(in Tijuana). Now, why do you suppose that is?”
I’m guessing local crime making it no place to live or raise kids, prejudice and shakedowns of immigrants by corrupt officials, and (temporarily) COVID fears. Those with asylum hearings in the US no doubt much prefer the dream of America, with its shining towers, and all kinds of free stuff.
If President Trump is re-elected and COVID vaccination becomes widespread, that drought of applicants will likely resolve next year, if it becomes a simple choice between Tijuana and the home country, without a realistic third option on Easy Street, USA.
Trump has gone from mentioning China a dozen times in every interview to only occasionally. It must be intentionally.Biden is weak on China saving, for later.
“Ninety-three percent of U.S. respondents reported that they had plans to further diversify their supply chains.”
A second Trump term will pull our supply chain out of China - and kick away the struts from under their fraudulent house of cards economy on the way out.
“President Donald Trump pledged to end U.S. reliance on China and bring back 1 million manufacturing jobs in his second term. He recently proposed providing tax credits and allowing “100 percent expensing deductions for essential industries like pharmaceuticals and robotics” to incentivize companies to produce in the United States.”
Add in the effect of the second half of the tariffs being implemented, and that giant sucking sound will be heard around the world.
100% expensing means that companies will get to invest the money they would otherwise pay in taxes, into their business. It is potent.
The second term would likely see more movement than the first. The difficult spadework is done, the earlier incentives will continue to work as additional new ones are added, and Global business opinions have shifted radically toward diversifying out of China.
***The second term would likely see more movement than the first. The difficult spadework is done, the earlier incentives will continue to work as additional new ones are added, and Global business opinions have shifted radically toward diversifying out of China.***
I agree. My husband has been working in supply chain logistics for almost 30 years. He has many contacts all around the country, and indeed around the world, too. Companies have been trying to expand their operations so that as soon as possible, they can leave China for good. SARS-CoV-2 has amplified that desire to get out of there.
“Companies have been trying to expand their operations so that as soon as possible, they can leave China for good.”
I think its going to a mix of steady hard decline, and some sharp drops.
1. Other things are likely to break in China.
They have had floods and plagues and got hit with some tariffs - but more shocks are to come. Big structural penalties for COVID and Hong Kong are already in the works, and are going to be piling on over the next year. They are over ripe for a host of financial crises - debt, bank solvency, currency, real estate, and stock market.
2. If President Trump is re-elected, the other half of the tariffs (the whole electronics industry, and the finished consumer goods, like Walmart stuff) will likely roll out in the first year.
3. The communist Government is going to react more desperately.
Last ones out will lose the most, as the Government there pulls out its biggest guns, nationalizing everything left, and inflicting disruptive immediate restrictions on businesses.
CLOSER TO HOME?
Hell, bring it home!!
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