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Location: Big Island of Hawaii & HOT BuOYS Sailing Vessel
5,277 posts, read 2,803,324 times
Reputation: 1932
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Quote:
Originally Posted by Ponderosa
I was incredulous when I heard Mnuchin say this. Trump, no problem. He is an idiot, but the swamp things know better. I would like to see them ban importation of the Iphone 8 or put tariffs on that would double the price. That would make people buy phones made in South Korea - our ally - instead of our enemy China.
Vietnam, Philippines and India all make good cheap phones too
Well, nope..........the massive shift in just electronics-manufacturing, to China, cannot be replaced. Well, in theory it could....but it would be slow and nightmarish.
How much crap do we really "need" anyway? Looking around me I could do without most of the material nonsense I have collected.
Though my vacuum sealer and crock pot are absolute necessities.
It's not only retail consumer products coming from China. It's also heavy equipment and machinery which is used by corporations. If these companies pay high tariffs for their equipment, the cost will get passed to the consumers of products and services. This means we pay more for all kinds of things. Could be higher costs for telecom services and utilities because they use commercial equipment and machines from China. Cost of foods that we buy could increase because the machinery for picking and processing could be from China. The cost to ship FedEx or UPS could increase because they use Chinese commercial equipment which increased in price or stopped being imported into the US.
Location: Big Island of Hawaii & HOT BuOYS Sailing Vessel
5,277 posts, read 2,803,324 times
Reputation: 1932
Quote:
Originally Posted by tickyul
Well, nope..........the massive shift in just electronics-manufacturing, to China, cannot be replaced. Well, in theory it could....but it would be slow and nightmarish.
Very little in India is made in the China. They produce most of what China does. India is not supporting a country that threatens war with the US with nuclear bombs.
The cash on hand of Apple from making cheap products in China and selling at a high price in USA could pay for Harvey costs ten times over.
Math is your friend.
Harvey is estimated to cost 200 Billion when all is said and done. Even that price will not make the losing homeowners (no insurance, etc.) whole.
Apple - over a period of DECADES - has built up 250 Billion. However, they have recently sold a number of bonds (gone in debt) which must be subtracted.
In other words - the money that one of the largest corporations in the world has built up over decades might barely pay for a single rainstorm in a corner of one state.
He treats other countries - intelligent people - as if they were his reality show apprentices.
He makes a fool of himself - but, heck, he doesn't care about that. One can only imagine the laughter in foreign capitals all over the world.
Yeah, those Chinese goods like Apple iphone - Macbook, etc - really poor, right?
I know folks being paid 100K to 400K a year for upper level management job in China. Regular professional employees in marketing, etc. are being paid 40-120K.
Median wages for all jobs is over $1,000 a month now - and growing. Health care is available at prices that would blow your mind (and it' good care also).....so the savings are actually higher.
Wages are going up FAST also.
So we don't make stuff there anymore because it is cheap. We make stuff because they are hard working, ambitious, well educated and SHOW UP at their jobs without substance abuse, drama, etc.
It's almost impossible to get large numbers of Americans to do hard work in a single geo location. That is, trying to get a million employees to make iphones would be near impossible.
Putting aside for the moment those pesky suicide attempts after being forced from one's ancestral lands--often at gunpoint by the Chinese military--to be worked to death in factories so large you can't see one end from the other. And who are forced to live in dormitories, perhaps seeing their families only a few times a year.
Oh but wait: you weren't talking about those workers--the ones who make those upper level management jobs possible--were you?
Yeah, workers in China show up at their jobs without substance abuse, drama, etc., because--well, you know, dictatorships and punishment, etc.
And yeah, Western industry off shored all the jobs because Americans and Europeans are not "hard working, ambitious, well educated," blah, blah, blah. Funny: Germany retained 90% of its manufacturing jobs and it's doing fine. But I guess Germans are just better than American riffraff, right?
Originally Walmart was built by Sam Walton as a store that sold American made goods. Remember that? That was their thing. It was in all the ads and goods were made in the US. When Sam died his heirs went all ape sh-t with greed. Their billions weren't enough and they started packing the shelves with cheap foreign crap. The early years stuff made in China looked like it had been made in an abandoned shack by thumbless tards.
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