steve_bank
Diabetic retinopathy and poor eyesight. Typos ...
The initial idea when China opened up was it would be a vast market for the USA. China was very smart and turned the table on us.Or America is taking advantage of China. Worse, Americans are taking advantage of Americans - they buy something from China for $20 and sell it to Americans for $100, making a big profit (even after expenses).As an engineer I was involved in supply chain issues going back to the 80s.
Globalization was in full swing back then, accelerated by the opening of China.
Before electronics supplies went global there were always supply shortages here in the USA.
Today if you are modern bare circuit boards American sources will supply up to a certain volume, then outsource to China for large orders. The same with mage tics like transformers.
As far as I know TV and solar panel production is mostly China. Starting back in the glass CRT TV days manufacturing wholesale to China.
The problem is the anti American Chinese policy and its attempt on controlling international waters. Plus military threats against Japan and Taiwan. Before China Japan and Taiwan were the paces for cheap manufacturing,.
I agree with taking a strong posture against China, but Trump is trying to do too much too fast.
We have been too reliant on China for too long and China has been taking advantage of us.
Made In USA on a label Walmart hides the fact that while it may be assembled here, supply chains lead to China and elsewhere.
Before Trump there was a small shift toward Vietnam and India.
Don't forget Biden was promoting bringing manufacturing back to the USA for the same reasons as Trump.
This trade issue has been brewing for a very long time. Trump is bringing it to a head.
We are way too reliant on China who is an adversary.
Single source supply is always a risk wherever it is. Fire, going out of business, labor strikes, manufacturer supply chain problems.
Back in tee 80s a fire at an American semiconductor plant almost shut down manufacturing at my company.
It is not ging to get better with China.
It is a benefit depending on how you look at it. Trade imbalance in goods and services may not tell the whole story.
If the metric is low unemployment and inflation and a high standard of loving the imbalance is not anecessarily;y a problem.
The problem is the adversarial relationship with China. There is not reciprocal trade. China buys farms and owns business over here. In China foreign business can not own land.
In China there is no real barrier between government and business giving Chinese bigness an edge.