Don't get me wrong. China and others have been taking full advantage of our stupidity and undercutting our own manufacturing. Even if we wanted to make it here, it would be impossible because state-funded Chinese companies would simply undercut until the competition is gone.
Here's why I think it's dangerous: He's applying tariffs to China. That's literally the only way we're going to stop the flood, we have to make it so the flood can't get here and that's by making imports from China far more expensive.
HOWEVER, China has already been moving things to other countries. Viet Nam in particular is a low-renter's low-rent place. This country wants to negotiate a like-for-like 0% trade tariff setup. With Chinese companies already having a foothold in the country, they'll just move things there instead. Mega-factories will pop up there just like they did in China, and we'll have the same flood of crap in a few years - except at 0% import.
We're doing the equivalent of the Maginot Line. China is simply going to walk around the wall and right back into the country.
Don't get me wrong. China and others have been taking full advantage of our stupidity and undercutting our own manufacturing. Even if we wanted to make it here, it would be impossible because state-funded Chinese companies would simply undercut until the competition is gone.
Here's why I think it's dangerous: He's applying tariffs to China. That's literally the only way we're going to stop the flood, we have to make it so the flood can't get here and that's by making imports from China far more expensive.
HOWEVER, China has already been moving things to other countries. Viet Nam in particular is a low-renter's low-rent place. This country wants to negotiate a like-for-like 0% trade tariff setup. With Chinese companies already having a foothold in the country, they'll just move things there instead. Mega-factories will pop up there just like they did in China, and we'll have the same flood of crap in a few years - except at 0% import.
We're doing the equivalent of the Maginot Line. China is simply going to walk around the wall and right back into the country.
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