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Ideally we would innovate and work on manufacturing future technologies as opposed to competing with the 3rd world toaster makers.
A modern toaster is incredibly hard to make - and the same shops that make them (I even had some of my work bid by one SC shop that MADE toasters) can make anything from car parts to military supplies to other things we all use regularly.
It's not the question of manufacturing which is on the table. It's the fact that it is now automated and so productive that, even if we made EVERY American toaster, it would not be very many jobs.
I dont support any tariff, but also consider China is as broke as the US
The only real capital today is human capital - in the form of brains and hands and the ethics, morals and standards to use them in certain ways.
As long as China has leaders that wish to make the country "all it can be" and citizens answering the call (and they do), they are unlikely to be "broke".
They are going to get a LOT of the business that formerly went to the USA....because they will prove to be a more reliable partner. Chithole countries will order RR stock from the Chinese because they won't forget the words of the POTUS.
China is losing the trade war in nearly every way.
That's not the idle opinion of a Trump supporter. That is the opinion of Forbes Magazine: https://www.forbes.com/sites/kenrapo.../#51530d2c7f03
Points made in the article:
* China is losing the PR battle since arrests of Chinese business executives have been made.
* China failed to woo the EU. Thinking Trump was everyone's enemy, they tried to replace the US. They failed.
*Shanghai Stock Market index is down 30% is 12 months.
*Quarterly GDP is in decline.
* Chinese export numbers are down - that means fewer job in China.
* Trump can be pleased. His policies have brought China to its knees.
China is losing the trade war in nearly every way.
That's not the idle opinion of a Trump supporter. That is the opinion of Forbes Magazine: https://www.forbes.com/sites/kenrapo.../#51530d2c7f03
Points made in the article:
* China is losing the PR battle since arrests of Chinese business executives have been made.
* China failed to woo the EU. Thinking Trump was everyone's enemy, they tried to replace the US. They failed.
*Shanghai Stock Market index is down 30% is 12 months.
*Quarterly GDP is in decline.
* Chinese export numbers are down - that means fewer job in China.
* Trump can be pleased. His policies have brought China to its knees.
And hurting other countries is a good thing, even if you are hurting yourself as well?
...they’re simply not, and they hold A LOT of our debt.
They hold around 5.5% of our debt or $1.138T, Japan never gets talked about and they nearly own as much at around 5% or $1.018T The majority of the debt is owed to the American people at about 72%. Most of the foreign debt, like the debt owed to Americans, is held by private citizens/investors not governments.
US debt is by far the safest place to store your money, we never miss a payment. Who cares who holds it because in the end it is of little consequence. Someone will draw down their stakes, as China has been doing for a while now, and someone else will come along and pick it up.
Chinese are still pumping money into Africa, Caribbean, and Cental American mainly Panama. I was in Trinidad and Panama last year and couldn’t believe how many Chinese nationals were there. The local people in both places talked about how much infrastructure and homes were being built with Chinese investment.
It may have slowed in the US but I would like to see if they just shifted focus or slowed globally.
What is so great about losing $80 billion in foreign investment?
Better that we own our investments and property as opposed to the Chinese....whose side are you on anyway?
For the record, I worked in China and loved it and happy to see them succeeding but they are now a competitor and we need to fight back which our Great President Trump is now doing.
They are BIG time investors in much of Silicon Valley and also the Life Sciences all over the USA....
Translation - people suffer and die if they don't invest as much. Certainly your average American doesn't have the money to invest in these things. And Conservatives made government smaller (with more debt, tho) so the government isn't investing as much in R&D.
What is going to drive our country forward then? Soybeans we can't sell? Coal?
Forward? Most Trump supporters are still living in 1955 and they want to force us all to live there with them.
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