Posted on 04/30/2018 5:56:59 AM PDT by cba123
OK sorry this is from the New York Times, but they are occasionally completely right no some issues. I believe this is one of those rare moments:
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BEIJING — China will refuse to discuss President Trump's two toughest trade demands when American negotiators arrive in Beijing this week, people involved in Chinese policymaking say, potentially forcing Washington to escalate the dispute or back down.
The Chinese government is publicly calling for flexibility on both sides. But senior Beijing officials do not plan to discuss the Trump administration's two biggest demands: a mandatory $100 billion cut in America’s $375 billion annual trade deficit with China and curbs on Beijing’s $300 billion plan to bankroll the country's industrial upgrade into advanced technologies such as artificial intelligence, semiconductors, electric cars and commercial aircraft.
The reason: Beijing feels its economy has become big enough and resilient enough to stand up to the United States.
(please see link, to the article for the full story)
(Excerpt) Read more at nytimes.com ...
Our entire establishment has been selling out America to China, for over the entire last generation.
It is time, to bring jobs back to America, and to stop buying everything from China.
It has been time, for a long, long time.
America needs to build up America, for a change.
I wholeheartedly agree, but Americans also need to be prepared for some things, notably sticker shock, when making the transition. Americans have become accustomed to rock bottom prices on goods from China. The materials are often inferior, the workmanship is sub-par, and the longevity of the product is usually limited.
Also, American-built products have taken a bad rap for a long time, because a comparable product built entirely from American-sourced products by American laborers have been built with short timelines and skimpy budgets, often producing products that are equally if not lower in quality to Chinese counterparts.
If Americans can get accustomed to buying products with a slightly higher price tag and with a slightly longer lead time to delivery, we might be able to bring up the quality to a point where longevity doesn’t suffer. It used to be that Americans understood what it meant to mend their clothes, replace cheaper parts that are made to wear, and perform repairs of products with commonly available materials, but we’ve come so far from those days that the materialism of ownership and low cost of full replacement trump the label of origin.
The old adage is “better, faster, or cheaper: pick two.” American products can be well-built and competitively priced if we can get out of the mindset that they’ll be available yesterday.
Watch out America. When I was growing up (many years go) the cheap (shoddy) products were all produced in Japan. The jokes were plentiful and all had a ring of truth about them. Within ten years Japanese products, especially cars, represented the models of quality and value relegating the America automobile market to second tier status. Detroit was never the same again.
My money’s on Trump. So to speak. He’s seriously well informed, has been on this for years, and has one first class team of pitbulls with aids.
If they don’t negotiate, he’ll pull the team and implement plan B. What that is, I do not know. But it will be sudden, painful, and completely unexpected.
Like pulling the visas of the commie party leader’s children. Who infest our universities. Give them the boot.
Or whatever. But he’s not playing tidlywinks.
MAGA!!!
Having been an integral part of big project startups I can verify that they take anywhere up to two years. The regulatory and government interference at all levels is daunting and expensive. My projects we’re all super clean. All the nasty chemicals were in purchased subassemblies, mostly made in countries where production was not expensively regulated. The government at all levels and it’s regulations are a huge impediment to bringing back manufacturing. Then, there is the prospect of government funded victim lawsuits. To bring businesses back all of this would need to change.
“The reason: Beijing feels its economy has become big enough and resilient enough to stand up to the United States. “
Perhaps they are big enough to withstand the loss of $500 billion in sales, every year?
If so, they should jump bad!
Chinese citizens might get tired of rice for breakfast, lunch, and dinner every day.
Why do they have/need MFM status?
China has nothing to bargain with. They import 140 billion annually from the US mostly commodities. This is chump change in out overall 20 trillion economy. Mexico, Canada and the EU each import over twice that amount. And for that 140 billion they get to dump 500 billion of their exports on us which is more than half their overall global surplus of trade and more importantly steal our tech secrets which energizes their economy for the future. Negotiating trade with China is like a bank negotiating with Willie Sutton to keep the money he stole on deposit in the bank.That is one depositor they do not need.
Tarriffs and trade wars will help revitalize US manufacturing. But as long as there is slave labor, convict labor and subsidized chinese shipping, the US will never again be a competitive manufacturing zone. If China disappeared tomorrow, the US standard of living would plummet. Food, shelter and clothing would not be widely available at walmart, local production will never fill the void of Chinese trade goods.
Eliminating the cheap crack cocaine effect of cheap chinese goods will result in withdrawal pains that may kill the economy. Its too late to turn back. Buckle up.
Well, there goes the dollar stores. It was nice while it lasted. But it should never have been.
How many cases of Harbor Freight withdrawal will there be?
I don't understand your comment. Clarify?
Harbor Freight, home of cheap Chinese tools.
For the most part, my HF purchases have held up. Most people, buy and use whatever for a few times then toss because it breaks.
Thank you — I did not recognize that Harbor Freight is a store name. Sounds sort of generic!
You’re welcome.
I used to regard it as Chinese takeout.
Some of the quality has gotten noticeably better. Other things, you pays ya money, you takes ya chance.
I put little faith in what comes from there so I won’t be disappointed when it fails. Very little disappointment.
One 1/2 ratchet I’ve tried to break but it stands up as well as any of my vintage Craftsman.
The President has the backing of the USA and China can feel free to go elsewhere.
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