05-25-2021, 10:55 AM
Can someone educate me on the long term effects of this?
Hand up, I have not done an ounce of research on this. I've heard bits and pieces through the news over the years, and only understand it at the service level.
If the end-goal is to move production away from China then I'll glady pay more for goods in the short term. Is this is a feasible approach (using tariffs to drive production either back home or elsewhere)?
Also, I see the numbers cited are that we're paying 93% of the cost while they're (China) paying 7%. Can this be explained by the amount we import from them vs. the amount we export to them? Because then that would make perfect sense then. (We're putting pressure on US companies to move production)
Fwiw, I understand moving any and all production back to the US is a pipe dream. But I'd really love to see a lot of American companies explore other manufacturing options in southeast Asia. Korea, Vietnam, India, ect.
There's so, so much bad that comes with doing business with China. I don't think I really need to point out all of the examples.
Hand up, I have not done an ounce of research on this. I've heard bits and pieces through the news over the years, and only understand it at the service level.
If the end-goal is to move production away from China then I'll glady pay more for goods in the short term. Is this is a feasible approach (using tariffs to drive production either back home or elsewhere)?
Also, I see the numbers cited are that we're paying 93% of the cost while they're (China) paying 7%. Can this be explained by the amount we import from them vs. the amount we export to them? Because then that would make perfect sense then. (We're putting pressure on US companies to move production)
Fwiw, I understand moving any and all production back to the US is a pipe dream. But I'd really love to see a lot of American companies explore other manufacturing options in southeast Asia. Korea, Vietnam, India, ect.
There's so, so much bad that comes with doing business with China. I don't think I really need to point out all of the examples.
