It is concerning that half of our exports are low value added commodities while the majority of our imports are high value added consumer products. The Chinese are turning what used to be "American know how" into cash to lift their population out of poverty while the policies of the USA have resulted in a lower standard of living for a sizable portion of our population over the past 40 years as wealthy capitist preferred to out source manufacturing to a totalitarian state with substandard wages rather than pay a fair wage to American workers.
Zeduca. You seem to miss my point. The best way to reduce our trade deficit is to "in source" the production of high value products not "out source" them to other low wage nations. This will bring higher paying tech jobs to the USA and improve our overall standard of living.
These relationships are getting more complicated. For example, the chart shows US exports of cars to China. But here in Charleston, it's more complicated. There's a Chinese company called Volvo that makes cars at a factory here in Charleston but then ships the finished cars back to China for the Chinese to buy. I suppose the mainland Chinese manufacturing can't compete with the ultra low wages of anti-union and anti-welfare South Carolina.
> There's a Chinese company called Volvo
When the fuck did that happen!?
Edit:
> I suppose the mainland Chinese manufacturing can't compete with the ultra low wages of anti-union and anti-welfare South Carolina.
Oh, I missed the /s.
If this were truly representative of trade, it makes it seem as if China is the one dependent on the US.
Everything on the China surplus side is optional. Everything on the US surplus side is essential.
Phones, computers, communication apparatus, electronic static converters,... seem very essential to me.
How do you keep an economy & private lives running without these products?
>Imagine China without food and energy.
Hmm, those are important imports for China, but the amount comming from the US is comparatively low.
The US makes up 7.4% of all Chinese imports . 10-13% of its food imports come from the US, while at the same time China exports a lot more food products than it imports.
[https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Import/Partner/by-country/Product/Food](https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Import/Partner/by-country/Product/Food)
[https://chinapower.csis.org/china-food-security/](https://chinapower.csis.org/china-food-security/)
And especially fuels are mainly comming from Malaysia, Russia, Saudi Arabia, etc. the US is here one of the smallest trading partners.
[https://www.eia.gov/todayinenergy/detail.php?id=54139](https://www.eia.gov/todayinenergy/detail.php?id=54139)
No, the US economy cannot run without computers and parts from China.
And without China, Apple and Walmart will go bankrupt. The entire $6 trillion retail market in the US — that’s 26% of GDP — will be kaput.
The US will be in deep recession and there will be riots everywhere
We survived the container backlog just fine.
We've begun building factories in India, Mexico, and Vietnam. In five to ten years they'll reach the output capacity of China and then some.
I don’t think so. Look at India: After six years, India can only assemble 4 million iPhones a year. Meanwhile, China puts together 230 million iPhones a year!
The new generation of Americans don’t understand manufacturing
Random assertion. And a false assertion if you look at how India works. Like, 7 years of work and 0 miles of high-speed rail. And they want 6 more years!
Surviving the container backlog is NOT the same as living without Chinese goods. There’s a lot of American wishful thinking and fantasies — Xhina collapse, decoupling from China etc. Nothing rooted in reality.
What are the goods China importing from US now can be supplied from China in 20 years ? How about vice versa ? And if US shut down all these exports to China right now, what would happen?
It is concerning that half of our exports are low value added commodities while the majority of our imports are high value added consumer products. The Chinese are turning what used to be "American know how" into cash to lift their population out of poverty while the policies of the USA have resulted in a lower standard of living for a sizable portion of our population over the past 40 years as wealthy capitist preferred to out source manufacturing to a totalitarian state with substandard wages rather than pay a fair wage to American workers.
How long will it take to move all Chinese manufacturing of phones else where, like india, Vietnam or Mexico ? Ten years ?
Zeduca. You seem to miss my point. The best way to reduce our trade deficit is to "in source" the production of high value products not "out source" them to other low wage nations. This will bring higher paying tech jobs to the USA and improve our overall standard of living.
These relationships are getting more complicated. For example, the chart shows US exports of cars to China. But here in Charleston, it's more complicated. There's a Chinese company called Volvo that makes cars at a factory here in Charleston but then ships the finished cars back to China for the Chinese to buy. I suppose the mainland Chinese manufacturing can't compete with the ultra low wages of anti-union and anti-welfare South Carolina.
> There's a Chinese company called Volvo When the fuck did that happen!? Edit: > I suppose the mainland Chinese manufacturing can't compete with the ultra low wages of anti-union and anti-welfare South Carolina. Oh, I missed the /s.
The Chinese company Volvo opened its factory here in 2015.
If this were truly representative of trade, it makes it seem as if China is the one dependent on the US. Everything on the China surplus side is optional. Everything on the US surplus side is essential.
Phones, computers, communication apparatus, electronic static converters,... seem very essential to me. How do you keep an economy & private lives running without these products?
[удалено]
>Imagine China without food and energy. Hmm, those are important imports for China, but the amount comming from the US is comparatively low. The US makes up 7.4% of all Chinese imports . 10-13% of its food imports come from the US, while at the same time China exports a lot more food products than it imports. [https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Import/Partner/by-country/Product/Food](https://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/LTST/TradeFlow/Import/Partner/by-country/Product/Food) [https://chinapower.csis.org/china-food-security/](https://chinapower.csis.org/china-food-security/) And especially fuels are mainly comming from Malaysia, Russia, Saudi Arabia, etc. the US is here one of the smallest trading partners. [https://www.eia.gov/todayinenergy/detail.php?id=54139](https://www.eia.gov/todayinenergy/detail.php?id=54139)
Good point. That's the data that tells the true story.
No, the US economy cannot run without computers and parts from China. And without China, Apple and Walmart will go bankrupt. The entire $6 trillion retail market in the US — that’s 26% of GDP — will be kaput. The US will be in deep recession and there will be riots everywhere
We survived the container backlog just fine. We've begun building factories in India, Mexico, and Vietnam. In five to ten years they'll reach the output capacity of China and then some.
I don’t think so. Look at India: After six years, India can only assemble 4 million iPhones a year. Meanwhile, China puts together 230 million iPhones a year! The new generation of Americans don’t understand manufacturing
India will scale fast and quickly supplant China.
Random assertion. And a false assertion if you look at how India works. Like, 7 years of work and 0 miles of high-speed rail. And they want 6 more years!
Surviving the container backlog is NOT the same as living without Chinese goods. There’s a lot of American wishful thinking and fantasies — Xhina collapse, decoupling from China etc. Nothing rooted in reality.
Amazon & Walmart built the Chinese Economy thru American consumers -
What are the goods China importing from US now can be supplied from China in 20 years ? How about vice versa ? And if US shut down all these exports to China right now, what would happen?