China Put Export Restrictions on N95 Face Masks – Then Nationalized a US Factory that Produces Them There

GP ^ | February 23, | Jim Hoft

[Hojczyk]

Trump Trade Adviser Navarro: China Put Export Restrictions on N95 Face Masks – Then Nationalized a US Factory that Produces Them There On Sunday Peter Navarro dropped this bomb.

Peter Navarro: Maria my job at the White House during this crisis is to review the supply chains we need to treat corona. There’s over 30 different elements just for that alone. And what I’ve learned so far and not surprisingly is that we’ve offshored far too much of our supply chain not just for corona but also for the essential medicines we need…

In terms of the immediate issue face masks, the N95 face masks. China put export restrictions on those masks and then nationalized an American factory that produces them there. So we’re dealing with that in Trump time.

[Hojczyk]

https://youtu.be/ImxuY_yLCBQ

[Black Agnes]

Serves them right.

Hope that factory’s owners go bankrupt and live in cardboard boxes.

[riri]

haha. I have to laugh at this.

[Jonty30]

Who couldn’t see this coming?

[BradyLS]

Oh, my goodness. You mean our betters thought something like this couldn’t happen? ...And then it happened? Oh, my. Very distressing.

[ConservativeMind]

There’s nothing wrong with any owner dedicating 100% of production to a client or itself.

[Doc91678]

Perhaps 3M should re-open their N95 production here in the U.S.

[Dacula]

Why does he keep bringing up “Trump Time”?

[ConservativeMind]

Every US company in China is a partnership in which the majority is owned by China. Every US company knows this and knows nationalization is always possible.

That company got what it expected out of a deal in a foreign land.

[SE Mom]

But of course!

[House Atreides]

I saw Maria’s interview with Navarro. IMHO, Peter Navarro is a NATIONAL TREASURE and is serving Trump and the nation well.

[House Atreides]

Why does he keep bringing up “Trump Time”?
******************************
Because it means doing necessary things on an urgent, accelerated basis. No screwing around!

[null and void]

An unreasonable person might conclude this is an act of war.

Bring Out Your Dead

Post to me or FReep mail to be on/off the Bring Out Your Dead ping list.

The purpose of the “Bring Out Your Dead” ping list (formerly the “Ebola” ping list) is very early warning of emerging pandemics, as such it has a high false positive rate.

So far the false positive rate is 100%.

At some point we may well have a high mortality pandemic, and likely as not the “Bring Out Your Dead” threads will miss the beginning entirely.

*sigh* Such is life, and death...

If a quarantine saves just one child's life, it's worth it.

[SE Mom]

Of course it’s always cost/benefit for any business. What would it cost an American company to manufacture masks, medicines etc. here, vs. China? And will we (insurance) pay the price?

Sticky questions.

[null and void]

Who couldn’t see this coming?

A problem more that 1 quarter out?

Invisible to any Haaaaaavad MBA.

[Dawggie]

Had an oscilloscope nationalized once, but not in China. Somebody borrowed it to do some testing in Mexico. They liked it and decided to keep it. Good luck getting it back.

[BobL]

But I thought it was ‘just the flu’? LOL.

[BobL]

“Hope that factory’s owners go bankrupt and live in cardboard boxes.”

Not to overly defend our execs, but what were they to do - either way their US production (assuming they once had that) was FINISHED - either by Chinese people here directly importing from China, or their own companies importing from China, through US plants. US production never stood a chance.

And, needless to say, the people to think are our last 4 presidents, along with all of the other Globalists.

[Pollard]

The walmart effect