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Old 08-10-2018, 10:19 AM
 
5,066 posts, read 3,333,262 times
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Quote:
Originally Posted by IWLC View Post
Developing countries are evolving into consumerist nations, the way we did. I think the US's value to China as a dumping ground of unlimited cheap goods will come to an end sooner or later. They will be making and selling to their own people and India more than to the EU or US. Perhaps that was their long range plan all along - to collapse our industry (as they did with steel) and leave us incapable of resurrecting our self sustaining economy.

Sourcing those cheap goods started a few years ago shifting to other Asian countries. China is no longer the "cheapest".
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Old 08-10-2018, 10:44 AM
 
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Originally Posted by LordSquidworth View Post
Sourcing those cheap goods started a few years ago shifting to other Asian countries. China is no longer the "cheapest".
Africa is the new up and comer. Ivanka already moved her shoe factory from China to Africa, although I can't remember what country.
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Old 08-10-2018, 04:34 PM
 
Location: Arcadia, CA
101 posts, read 32,492 times
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Originally Posted by LordSquidworth View Post
Sourcing those cheap goods started a few years ago shifting to other Asian countries. China is no longer the "cheapest".
Agreed. Many Taiwan factories that used to locate in China have started moving to countries like Vietnam years ago due their sensitivity to labor cost.
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Old 08-10-2018, 04:36 PM
 
Location: Arcadia, CA
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Originally Posted by ocnjgirl View Post
Africa is the new up and comer. Ivanka already moved her shoe factory from China to Africa, although I can't remember what country.
Speaking of Africa, I remembered years ago (2008?) there was a sudden concern about growing Chinese influence in Africa, and I actually did a report on it for an African history class.
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Old 08-10-2018, 04:51 PM
 
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Originally Posted by ObserverJC View Post
Speaking of Africa, I remembered years ago (2008?) there was a sudden concern about growing Chinese influence in Africa, and I actually did a report on it for an African history class.
Yes, I read something about that as well although I can't remember much about it. We're shrinking in world influence and they are rapidly expanding.
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Old 08-10-2018, 05:57 PM
 
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Originally Posted by ObserverJC View Post
Speaking of Africa, I remembered years ago (2008?) there was a sudden concern about growing Chinese influence in Africa, and I actually did a report on it for an African history class.
Yeah. Chinese are very aggressively going after influence in Africa. That's the last frontier to develop (middle east will always be a wasteland outside oil).
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Old 08-10-2018, 10:54 PM
 
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Originally Posted by Supposn View Post
lchoro, MichiganGreg, LordSquidworth, due to the facts:

USA tariffs upon both the components and the finished products reduce USA producers of components and/or finished products price disadvantages in comparison to imports, and they consequentially do not reduce or increase comparative advantages among USA producers, the tariffs decrease USA producers comparative disadvantages to imported products;
(i.e. they are of net benefit to USA producers of both the components and/or the finished products).


lchoro, if your statement's correct,Element Electronics is trying to extort profits additional to their products consequentially improved price comparison to imports due to the USA tariffs. I would hope that the Trump administration and the U.S. Congress do not submit to Element Electronic's blatant extortion attempt.
Tariffs upon components increase the cost of those components and this cost must either be passed to the consumer(most likely) or reduce profits(which is bad for business). Basically if the cost of flour goes up for any reason the cost of cakes and cookies and everything that uses it will almost certainly rise. This is why tariffs on components are so bad. It affects everyone downstream. And not all things are available or make sense to make in the USA. Asia(more than just China) has been dominate in this area since the 80ies.

All companies try to increase profits and their price comparison might not have improved. One of the dangers of increasing tariffs is that the local companies would simply increase prices to increase profits(take advantage of it). Another danger is that the Tariff does not increase the price of the competing product enough to motivate the consumer to choose the cheaper product(if the cheaper product always won, Apple and Toyota would have be out of business a long time ago). Or that the Tariff did not make the imported product more expensive because it was too small.

Anyway the problem with Tariffs is that you can in the end loose more jobs than you were trying to create.
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Old 08-10-2018, 11:20 PM
 
Location: Arcadia, CA
101 posts, read 32,492 times
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Originally Posted by ocnjgirl View Post
Yes, I read something about that as well although I can't remember much about it. We're shrinking in world influence and they are rapidly expanding.
Quote:
Originally Posted by LordSquidworth View Post
Yeah. Chinese are very aggressively going after influence in Africa. That's the last frontier to develop (middle east will always be a wasteland outside oil).
Although Chinese influence in Africa has grown, it is still too early to call waning American influence since many African nations are now aware of Chinese malpractices. The most common complaints I found are abusing African workers, using Africa as a dumping ground for Chinese good and destroying African industries in the process, or using Chinese crew in African construction projects.
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Old 08-11-2018, 07:35 AM
 
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Originally Posted by ObserverJC View Post
Although Chinese influence in Africa has grown, it is still too early to call waning American influence since many African nations are now aware of Chinese malpractices. The most common complaints I found are abusing African workers, using Africa as a dumping ground for Chinese good and destroying African industries in the process, or using Chinese crew in African construction projects.
Well we will see. But not being in the trans pacific trade agreement poised China to take control of this area. I do t know if we can just jump in without being part of it?
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Old 08-11-2018, 11:34 AM
 
Location: Arcadia, CA
101 posts, read 32,492 times
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Originally Posted by ocnjgirl View Post
Well we will see. But not being in the trans pacific trade agreement poised China to take control of this area. I do t know if we can just jump in without being part of it?
Given America's current economic and military power it is very possible. Since China has its own disputes with other countries, America still can insert itself by adopting a softer stance.
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