Everyone needs to get out of China, never go back.
Name any company, won't be hard to find it a nice factory and an intelligent workforce in nearly any of the 50 states.
Maybe not Delaware.
You were making shirts in China, you can do that in Topeka and you save on the boat ride costs and the China bribe costs. You were making automotive wiring harnesses in Mexico, plenty of people in Tulsa can do that. Why have slaves make shoes in China when your headquarters of your company is in Oregon?
President Trump rattled Wall Street when he demanded U.S. firms move production out of China. But many have already taken steps to do so, and, in earnings calls just over the past month, dozens of executives have signaled plans to further diversify their supply chains amid the intensifying trade war.
On Aug. 23, Trump took to Twitter, ordering American companies to “immediately start looking for an alternative to China” and build more products in the U.S. In doing so, he cited the International Emergency Economic Powers Act (IEEPA) — passed in 1977 to deal with an “unusual and extraordinary threat to the national security, foreign policy, or economy of the United States.” The president’s threat unsettled investors, sending stocks to session lows on a day when the Dow Jones Industrial Average shed more than 600 points.
Trump doubled down on Friday, attacking General Motors for its significant presence in China and questioning whether the automaker should move its operations back to the U.S.
“Sometimes you’ve got to take stern measures,” White House economic advisor Larry Kudlow said alongside Treasury Secretary Steven Mnuchin on the sidelines of last month’s G-7 meeting in France. Kudlow added that American companies should heed the president’s call to leave China.
Also need to warn the traitors who choose China over the customers in the West that China is trying to kill.
Take Boeing for instance — the Chicago-based aircraft maker doesn’t look poised to abandon the Chinese market any time soon after opening a plant for 737 Max jets late last year.
Apple is another prime example. Most of the technology giant’s products are built in China, and its largest supplier Foxconn produces the lion’s share of the company’s iPhones in 29 factories in the central province of Zhengzhou.
Will reward those who get out, completely out of China.
Won't reward them as much if they just move to another hostile country.
Some analysts see toymaker Hasbro, which has been shifting its business away from China since 2012, as the vanguard for the broader retail industry.
“We’re seeing great opportunities in Vietnam, India and other territories like Mexico,” Hasbro CEO Brian Goldner told CNBC this past week. “We’re doing even more in the U.S. We brought Play-Doh back to the U.S. last year.”
Yes! Great collection of quotes. but there are legitimate expenses. A factory is more than just the real estate, and the building. While we do have lots of that here, it's all the machinery tools and equipment that makes a factory productive, You're not going to airlift that to the US,even though some of it might need to be pulled out of the building by helicopter.
I'm less interested in taxpayers footing the bill for all that, and more interested in having the US negotiate peaceful terms for extracting all this capital investment. China could make that really difficult, and expensive. It's a sticky situation, but Japan paying for all it's industry to move out of China is a bit different than US doing it.
US guaranteed financing for relocation costs might be a better option.
There is a lot more to moving operations than just finding a building. I went through offshoring while working at an electronics manufacturer a few years ago. We moved everything to China and trained their people to manufacture the equipment. All of our domestic talent was let go - you don't just get that back overnight, and you can bet that my Chinese counterparts will not be training a single American how to do their jobs!
From my experience, it goes much deeper than cheap labor. China has no OSHA nor do they have the EPA restrictions that we have here. Complying with those two agencies alone add a huge cost to doing business in the U.S.
The EPA keeps our water from catching on fire and the air in our cities breathable.
The OSHA requirements keeps our people safe and healthy.
The slaves in China don’t have a say on if their lands/waters are decimated and their people killed in the name of progress.
Repatriation of all manufacturing industry overnight like being proposed would drive up costs for consumer goods and lower the quality of life for most Americans Dramatically.
Not to mention we haven’t built enough nuclear power to handle all the increased energy demand so even if the manufacturing is done to epa standards we are still spewing co2 into the air and choking ourselves.
Truth is, with automation we are likely able to repatriate much of our manufacturing but with robots doing most of the work. That brings fewer, but higher paying jobs.
What we need is all public schools to teach every kid to code like we teach English. It’s a skill everyone needs regardless of industry.
Trouble is, we don’t even have teachers who know how to do it.
What expenses?
The buildings are already in the West.
The workers are already in the West.
The designs have always been in the West.
Everyone needs to get out of China, never go back.
Name any company, won't be hard to find it a nice factory and an intelligent workforce in nearly any of the 50 states.
Maybe not Delaware.
You were making shirts in China, you can do that in Topeka and you save on the boat ride costs and the China bribe costs. You were making automotive wiring harnesses in Mexico, plenty of people in Tulsa can do that. Why have slaves make shoes in China when your headquarters of your company is in Oregon?
https://www.cnbc.com/2019/09/01/trump-ordered-us-firms-to-ditch-china-but-many-already-have.html
Also need to warn the traitors who choose China over the customers in the West that China is trying to kill.
Will reward those who get out, completely out of China.
Won't reward them as much if they just move to another hostile country.
Yes! Great collection of quotes. but there are legitimate expenses. A factory is more than just the real estate, and the building. While we do have lots of that here, it's all the machinery tools and equipment that makes a factory productive, You're not going to airlift that to the US,even though some of it might need to be pulled out of the building by helicopter.
I'm less interested in taxpayers footing the bill for all that, and more interested in having the US negotiate peaceful terms for extracting all this capital investment. China could make that really difficult, and expensive. It's a sticky situation, but Japan paying for all it's industry to move out of China is a bit different than US doing it.
US guaranteed financing for relocation costs might be a better option.
There is a lot more to moving operations than just finding a building. I went through offshoring while working at an electronics manufacturer a few years ago. We moved everything to China and trained their people to manufacture the equipment. All of our domestic talent was let go - you don't just get that back overnight, and you can bet that my Chinese counterparts will not be training a single American how to do their jobs!
From my experience, it goes much deeper than cheap labor. China has no OSHA nor do they have the EPA restrictions that we have here. Complying with those two agencies alone add a huge cost to doing business in the U.S.
Thats the truth.
The EPA keeps our water from catching on fire and the air in our cities breathable.
The OSHA requirements keeps our people safe and healthy.
The slaves in China don’t have a say on if their lands/waters are decimated and their people killed in the name of progress.
Repatriation of all manufacturing industry overnight like being proposed would drive up costs for consumer goods and lower the quality of life for most Americans Dramatically.
Not to mention we haven’t built enough nuclear power to handle all the increased energy demand so even if the manufacturing is done to epa standards we are still spewing co2 into the air and choking ourselves.
Truth is, with automation we are likely able to repatriate much of our manufacturing but with robots doing most of the work. That brings fewer, but higher paying jobs.
What we need is all public schools to teach every kid to code like we teach English. It’s a skill everyone needs regardless of industry.
Trouble is, we don’t even have teachers who know how to do it.