82% of US Off-shored US Manufactures in China Report Tariff Pain

American Thinker ^ | 05/24/2019 | Chriss Street

[SeekAndFind]

The American/China Chamber of Commerce found that 82 percent of American-owned manufacturers in China are suffering significant pain from Trump Trade War tariffs.

‘AmCham’ surveyed business conditions for its 900 member American-owned companies operating across China during the week of May 16-20, following President Trump’s announcement that he was raising tariffs on $200 billion U.S. imports from  China from 10 percent to 25 percent.

The survey found that due to the U.S. action and the retaliatory Chinese response, American-owned companies in China reported that 52.1 percent were experiencing lower demand; 42.4 percent were experiencing higher manufacturing costs and 38.2 percent were seeing higher sales prices for products.

President Bill Clinton called it a “good day for America” on May 24, 2000 when he successfully convinced U.S. House of Representatives to award China permanent normal trade relations under the rules of the World Trade Organization. Clinton argued:

“In 10 years from now we will look back on this day and be glad we did this. We will see that we have given ourselves a chance to build the kind of future we want.”

Although China/WTO was championed as an opportunity to U.S. companies to compete for the business of over 1.3 billion emerging Chinese consumers, the vast majority of AmCham members operate off-shored production facilities for export back to America.

As a result, U.S. imports from China from 2001 to 2015 increased from $102.3 billion in 2001 to $483.2 billion in 2015, while U.S. exports to China during the same period only grew from $19.2 billion to $116.1 billion.

It is generally accepted that between 2001 and 2015, the WTO deal with China cost about 3.4 million American jobs,

[liberalh8ter]

Bring it home. PDJT has already made your move back more comfortable!

[SeekAndFind]

How much would an iPhone cost if we manufactured them here in the USA ( assuming more labor market de-regulations )?

[treetopsandroofs]

“82% of US Off-shored US Manufactures in China Report Tariff Pai”

Big Media rarely reports good news. I’ll take it.

[hotsteppa]

Made in America baby. Come back home.

[Empire_of_Liberty]

Good! As they should.

We have not been freeing China. We have been destroying America for the benefit of the Mitt Romneys in our midst.

With luck, we are in time to destroy China. 6 years might do it.

[Rurudyne]

So they sided with the enemy and now they want sympathy?

[Grampa Dave]

82% feeling pain is a good start.

Please notify us when 100% are feeling the pain brought about by President Trump as he works 24/7 to MAGA!

[Poison Pill]

How much would an iPhone cost if we manufactured them here in the USA

$2000

[GreyHoundSailor]

Hopefully that 82 percent ‘suffering significant pain’ increases to 100 percent in short order. They should have seen this coming in the first place.

[Kickass Conservative]

Looks like the Bush years worked out well for China.

[Spktyr]

Currently it *can’t* be made in the US. China is the only major source of critical minerals (due to environmental regulations and stupidity on the part of the US) such as lithium. China has a no-export policy on minerals - if you want to use Chinese lithium, you must make the battery or device *in China.*

Labor market regulations are by no means the largest hurdle to restoring US manufacturing. Simply put, the US supply chains that would supply the tech sector don’t exist any more and will take years and years to restore to even a barely functional state barring an uncharacteristic act of Congress to blow the regs away and steamroller the courts.

[dp0622]

100 billion to 500 billion for china???

And we are exporting in the low 100s of millions??
Wtf??

[Callan]

websleuth differs - the markup is profit margin, not build cost.

The iPhone X smartphone costs $357.50 to make and sells for $999, giving it a gross margin of 64 percent, according to TechInsights, a firm that tears down technology devices and analyzes the parts inside. The iPhone 8 sells for $699 and has a gross margin of 59 percent.

[Poison Pill]

the markup is profit margin, not build cost

So your solution is margin compression?

[SeekAndFind]

RE: With luck, we are in time to destroy China. 6 years might do it.

I don’t get this mentality. Why would we want to destroy China? Why can’t we both prosper?

[Empire_of_Liberty]

Part of that tells you what the US dollar is REALY worth. FedGov has been using Chinese-junk trade to prop up the dollar, while it prints what it needs.

It also shows the real cost of Unions. People getting paid more than their non-work is worth.

[The Sons of Liberty]

President Bill Clinton called it a “good day for America” on May 24, 2000 when he successfully convinced U.S. House of Representatives to award China permanent normal trade relations under the rules of the World Trade Organization.

How big was the "donation" (KICKBACK) that China gave Bubba?

[RightGeek]

Although China/WTO was championed as an opportunity to U.S. companies to compete for the business of over 1.3 billion emerging Chinese consumers, the vast majority of AmCham members operate off-shored production facilities for export back to America.

Funny how that worked out.

[FLT-bird]

Good!

I’d really like to see us radically curtail work visas next. That’s the other major way in which American workers have been sold out by the politicians and the corporate lobbyists who bankroll them.