Skip to comments.NEC Director Larry Kudlow: ‘Pay The Moving Costs’ Of American Companies Leaving China
Posted on 04/11/2020 6:32:07 AM PDT by SeekAndFind
Call the moving company, Washingtons picking up the tab.
The same day Japan announced that it would spend upwards of $2.2 billion to get its corporations out of China and either back home or spread throughout southeast Asia, White House National Economic Council Director Larry Kudlow said the U.S. should pay the moving costs of every American company that wants out of China.
I would say, 100 percent immediate expensing across the board for plant, equipment, intellectual property, structures, renovations... In other words, if we had 100 percent immediate expensing, we would literally literally pay the moving costs of American companies, Kudlow said on the FOX Business Network's America Works Together Town Hall which aired on Thursday.
The Japanese government announced that it would provide direct loans 220 billion yen ($2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online.
Kudlow told one of the people in attendance, who had asked about Americas over-reliance on China, what could be done to change the commercial relationship post-pandemic.
Kudlow said that one way was to provide them with moving cost payments, though he did not get into specifics.
Most U.S. companies that manufacturer in China do not have their own greenfield assembly line. For example, Apple AAPL has long used Foxconn, a Taiwanese multinational with massive assembly plants in mainland China. Other U.S. companies simple contract Chinese firms to do the work, whether theyre making kitchen cabinets for Lowes or pots and pans for KitchenAid.
In other words, it is not a matter of putting widgets and office furniture in a pod and shipping it across the Pacific Ocean.
(Excerpt) Read more at forbes.com ...
That should be a hard “NO”. Put the right import duties in place, and they’ll do their own supply chain revisions.
Sooner the better...
They moved over there. They want out, then they can spend their own money to get out. Or go broke.
We should pay for them to escape since they moved over there to take advantage of starvation wage labor?
Make sense to me...move needs to be started in a month, 50% finished by end of quarter and 95% finished by end of year.
They decided to use slave labor so the CEO can have 3 houses at the Hamptons so F them.
That should be a hard NO. Put the right import duties in place, and theyll do their own supply chain revisions.
Nice sentiment, but this is war.
On the same train of thought, does anyone here have a list of manufacturers and their goods made here in the USA?? I work hard for my money, and I do not want to waste it lining the pockets of a bunch of communists who unleashed this mess on us.
They chased the cheap labor there, they can pay their own way out.
They chased the cheap labor there, they can pay their own way out.
Who chased them out in the first place?
The answer is the same to the question -— why are residents of California and New York moving to Florida and Texas en mass.
No on simply bringing it “either back home or spread throughout southeast Asia”. I would want to see a requirement that, at minimum, 60% of production be moved to the US and stay there for at least 10 years. Allow them to spread some production globally, but most in the US. Not America only, but America first.
“That should be a hard NO. Put the right import duties in place, and theyll do their own supply chain revisions.”
Right On, Brother
Pull an Obambi, like with coal fired electric generating plants.
To praphrase “You can stay in China, it’ll just bankrupt your business”
absolutely not!! For these well connected corporations it’s like sinatra gambling in vegas when the mob ran the casinos. He was given a bunch of chips to play with and if he won he got to keep the winnings, if he lost he didn’t have to pay. They left hollowed out communities when they closed their american factories to take advantage of literal slave labor in a communist country. When the chinese communists seize their factories they will whine about “vital american interests” being threatened and the taxpayers will bail them out.
Im with you, though. Dont treat these companies any differently under the law.
>>>They decided to use slave labor so the CEO can have 3 houses at the Hamptons so F them.
They were actually maximizing shareholder value. When the Business Roundtable came out last year and said firms should consider other stakeholders, such as their employees and the communities in which they operate, many on this forum accused them of being woke.
Those saying screw them, they left let’em pay their own way back....need to remember it was the US Government under Republican and Democratic Presidents who encouraged them to leave in the first place...
We allowed them into the WTO, gave the most favorable trade status, raised corporate taxes, we did everything but kick them out....
If we do nothing we will continue to allow our most serious threat since WW II to prosper...
The Soviet Union was a military threat during the Cold War but they were never an economic threat and eventually they couldn’t keep up and fell apart...
China is a totally different animal, they have the military or are willing to spend whatever is necessary to have a competitive military...
They have the economy, they have the technology, they have everything they need to dominate the world order....
The last thing we should be doing is to continue rewarding them for stealing our jobs...
Bring them home, if it requires what Larry Kudlow is talking about, get it done and do more if necessary.
Can I guarantee it? No. Can anyone? No. Unfortunately we live in a no-guarantee world.
RE: Those saying screw them, they left letem pay their own way back....need to remember it was the US Government under Republican and Democratic Presidents who encouraged them to leave in the first place...
That’s essentially what I said to one FReeper who said the same thing. See Post #10 above.
I received this in an email.
Not a list but Info(good or bad?):
PLEASE READ THIS FOR YOUR OWN HEALTH
FOOD FROM CHINA... . Smithfield Farms, the largest pork producing farm in the USA, was sold in September to China with the unanimous support of its stockholders! The hogs will still be raised here, but slaughtered and packaged for sale there before being sent back here. This includes labels of
The same with many chickens. They can now be shipped there, but when they come back all that needs to be labeled is that they WERE RAISED IN THE USA. Not that they were processed in China!!!
Our great FDA at work again. The chickens will be all processed and most sold to fast food restaurants for sandwiches, along with schools and supermarkets. The China slaughter and processing are not nearly equal to the requirements here for cleanliness.
We recently learned that Starkist Tuna is now owned by Korea, and is in big conflict with the U.S. concerning quality, safety, and records, which Korea refuses to produce.
Read several articles on Google about this, and even one that was defending the eating of tilapia said to avoid the fish that came from China?
Also, I had just returned home from buying Albertson’s 4-day special of 4 bags of frozen tilapia for the price of one? Sure enough, on the top of the bags, it read “farm raised”, and on the bottom in small print it said, “China”.
In general, farm raised fish should not be eaten because of the high concentration of antibiotics they are fed to prevent diseases due to being tightly confined with other fish.
Buy wild caught fish from North America, Hawaii or New Zealand. Read all the way to the end.
Recently a Food Inspector on TV said he had lived overseas and he had seen the filthy conditions their foods are raised and processed in. It is enough to make you throw up. Many of their fish on Fish Farms are fed raw sewage daily. He said he has seen so much filth throughout their food growing and processing that he would “never” eat any of it. They raise this filth, put some food coloring and some flavorings on it, then they ship it to the USA & Canada for YOU to consume and feed to YOUR families. They have no Food & Safety Inspectors. They ship it to you to buy and poison your families and friends.
Imported food we eat and the junk we buy:
Green Giant frozen vegetables are from China and so are most of Europe’s Best.
Arctic Gardens are OK, so is Birdseye.
*Never buy the grocery store garlic unless it is clearly marked from USA or Canada*, the other stuff is grown in people poop (even worse than chicken poop). China is the largest producer of garlic in the world; U.S. is next.
*Buy only local honey*, much honey is shipped in huge containers from China and re-packed here.
Cold-FX is grown and packed in China and is full of fecal bacteria. Doesn’t work anyway, big scam.
If the country of origin is not clearly marked, beware!
If produce, ask an employee.
Watch out for packages which state “prepared for”, “packed by” or “imported by”. We don’t understand the lack of mandatory labeling, especially on the produce.
The country of origin should be clearly shown on the item in the store.
Go to the local farmers’ markets in season and keep a wary eye open the rest of the year.
Please read this very carefully, and read to the very bottom. It’s important for all of us.
How is it possible to ship food from China cheaper than having it produced in the U.S or Canada?
FOR EXAMPLE THE “OUR FAMILY” BRAND OF MANDARIN ORANGES SAYS RIGHT ON THE CAN ‘FROM CHINA ‘. - SO, for a FEW MORE CENTS, BUY THE *LIBERTY* BRAND.
*GOLD BRAND or DOLE is from CALIFORNIA*.
Beware, Costco sells canned peaches and pears in a plastic jar that come from China.
ALL “HIGH LINER” AND MOST OTHER FROZEN FISH PRODUCTS COME FROM CHINA OR INDONESIA. THE PACKAGE MAY SAY “PACIFIC SALMON” ON THE FRONT, BUT LOOK FOR THE SMALL PRINT. MOST OF THESE PRODUCTS COME FROM FISH FARMS IN THE ORIENT WHERE THERE ARE NO REGULATIONS ON WHAT IS FED TO THESE FISH.
*Recently The Montreal Gazette had an article* by the Canadian Government on how Chinese feed the fish: They suspend chicken wire crates over the fish ponds, and the fish feed on chicken poop.
If you search the internet about what the Chinese feed their fish, you’ll be alarmed;
e.g: growth hormones, expired antibiotic from humans?
Never buy any type of fish or shellfish that comes from these countries ...
Checked this out personally.
Steinfeld’s Pickles are made in India - just as bad!
Another example is in canned mushrooms.
No-Name brand came from Indonesia.
Also check those little fruit cups. They used to be made in Canada in the Niagara region until about 2 years ago. They are now packaged in China. Most sold in Aldi stores.
While the Chinese export inferior and even toxic products, dangerous toys, and goods to be sold in North American markets, the media wrings its hands! Yet, at least 70% of North Americans believe that the trading privileges afforded to the Chinese should be suspended.
Well, duh !
Why do you need the government to suspend trading privileges?
SIMPLY DO IT YOURSELF, CANADA and the UNITED STATES.
Simply look on the bottom of every product you buy, and if it says ‘Made in China’ or ‘PRC’ (and that now includes Hong Kong), simply choose another product, or none at all. You will be amazed at how dependent you are on Chinese products, and you will be equally amazed at what you can do without.
THINK ABOUT THIS:
If 200 million North Americans refuse to buy just $20 each of Chinese goods, that’s a billion dollar trade imbalance resolved in our favor ... fast! The downside? Some Canadian/American businesses will feel a temporary pinch from having foreign stockpiles of inventory.
Just one month of trading losses will hit the Chinese for 8% of their North American exports. Then they will at least have to ask themselves if the benefits of their arrogance and lawlessness are worth it.
Send this to everybody you know. Let’s show them that we are intelligent, and NOBODY can take us for granted.
*Start reading labels more closely and buy something else even if it cost a few cents more*.
And just think, if you eat in restaurants a lot, then you have no idea what youre eating.
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