Posted on 06/26/2019 11:41:30 AM PDT by Zhang Fei
Terry Gou, of Taiwans Foxconn, which makes Apple gear in Chinese factories, recently said he would urge Apple to produce outside of China.
Other lesser-known companies such as Giant Manufacturing, the worlds largest bicycle maker, have already shifted production for U.S. customers. Giant has moved the manufacture of many U.S.-bound models to its home base in Taiwan, and is opening a new factory in Hungary. The world is no longer flat, Giants chairwoman, Bonnie Tu, told Bloomberg.
These are far from isolated cases: A survey released in May by two branches of the American Chamber of Commerce in China revealed that about 40 percent of respondents said they have relocated or are considering moving manufacturing operations out of China.
This process has been underway for some time, due to rising costs in China and other factory. American toymaker Hasbro says it has been steadily reducing the share of products sold in the U.S. that are made in China, from 80 percent in 2012 to 67 percent at the end of 2018, and plans to shrink that further in coming years. But the trade war has compelled chief executives to step on the gas. What companies are doing is accelerating their plans to move out of China, Stephen Lamar, executive vice president of the American Apparel & Footwear Association, told me. He calls it a generational shift in how U.S. companies are sourcing their products.
For some countries, that comes as good news. Businesses looking to shift assembly lines from China tend to target other emerging economies as a new base. Modern economic history tells us that the jobs created by such factories in poor countries can jumpstart economic growth and alleviate poverty (as happened in China itself). Already places such as Vietnam have benefited by siphoning factories away from China.
(Excerpt) Read more at theatlantic.com ...
I am not suggesting this should happen but the entire agriculture industry could collapse completely and we would still have a net positive GDP growth for the year. That is how insignificant it is.
Sort of like the Faux Americans in big cities who think people who work in flyover country (IOW, us deplorables) are some sort of parasites living off their more important labors. The reality is that the exact reverse is closer to the truth.
What Is Agricultural Business?
Agricultural business, also known as agribusiness, is the farming, management, production, and marketing of agricultural commodities, such as livestock and crops. The agricultural business field includes resource management, farming, conservation, ranching, and sales. As technology has progressed and markets have become increasingly global, agricultural business has developed to meet and solve high-tech farming needs and problems. Schools offering Landscape Design degrees can also be found in these popular choices.
There are scores of examples throughout history where people starved to death with plenty of money and trade goods, sometimes entire cities and civilizations.
Bump.
Bingo! The tariff naysayers don’t really understand tariffs in the modern world. It is not a bilateral static situation. Other countries lay in wait for the business the chinese now enjoy. The Chinese are subsidizing their prices to keep what business they can.
Most definitely is and you have to be a fool to ever want to do business there
Most definitely is and you have to be a fool to ever want to do business there
Which is why I eventually rejected libertarianism
But forget their promise that China would reform itself
I suspect China's greased hands in Washington... Our 'public servants' go to DC as middle class Americans - and within a few years most of 'em are multimillionaires...
I agree that Russia is a threat. But see China as a greater threat and just puzzled why no one calls it that way.
Yeah how did Gore become a multi billionaire?
You could make the same argument about manufacturing and war fighting ability. But you won’t listen....
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