The textile business is gone.
All of our production has gone to China. Check your labels.
The NYSE listed company I work for used to manufacture about 90% of our garments in the U.S. using approximately 75% U.S. textiles. That was ten years ago. Today we manufacture about 95% of our product overseas.
The Chinese aren't buying ANYTHING, THEY ONLY SELL!
The Chinese aren't buying ANYTHING, THEY ONLY SELL! If that were the case they would end up with lots of pieces of paper with pictures of Americans on them.
Personally, I'd prefer to send them paper and keep using their TVs, VCRs and stereo equipment.