Trump says ‘we could cut off whole relationship’ with China; among options

[Mk-313]

Its too early to say who will benefits. We have to wait another 5 years to have more clear idea.

But i agree lol at india media dream to replace china. It is annoying.

India might get some benefits but there are way too many other countries will too. And "if" companies does leave china. But then china being second largest economy of 15 trillion dollar growing 6 percent plus can take over usa economy in this decade. So question is why companies will leave such a huge market and future potential.

I dont expect much to change.

2 things

1- the gdp of ur economy matters less vs the gdp per capita. China’s second largest economy due to its population but that doesn’t mean that the population have enough discretionary spending that companies want to move there

2. currently each person in China produces $14k/year as gdp per capita and after expenses paid Chinese people save their money

US currently has $68k/year in gdp capita so they have more money to spend on top of that US population rarely save they spend

companies want to go where people have more money and are consumers vs savers tht ensures them big revenue

 

[Jackdaws]

Lol. Trump is so nervous about losing to Biden - he just comes up with new nonsense for his trailer trash votebank in the bhikari red states.

 

[mmr]

2 things

1- the gdp of ur economy matters less vs the gdp per capita. China’s second largest economy due to its population but that doesn’t mean that the population have enough discretionary spending that companies want to move there

2. currently each person in China produces $14k/year as gdp per capita and after expenses paid Chinese people save their money

US currently has $68k/year in gdp capita so they have more money to spend on top of that US population rarely save they spend

companies want to go where people have more money and are consumers vs savers tht ensures them big revenue

what about cost of production? If your argument is true then why dont canada and usa getting back those manufacturing jobs? In usa and canada house hold debt is 100 percent plus with very few saving. significant population live from pay to pay check. So even GDP per capita is higher people cant afford for say if a jacket is made in canada like canada goose which is 1200 dollar.

My perspective is US is going to look for automation+ A.I to do manufacturing type of work and reduce its reliance on China

the world saw the consequences of making China the biggest manufacturer of the world and putting out eggs in one basket for cheap labor.

All of this synonymous to the 1970s oil embargo when US learned a hard lesson on relying on Arabs for its entirety of oil supply



they will. What ur forgetting in capitalism is that the most important COG is the customer/demand. If ur customer won’t buy from u if u source from China due to pandemic the. It doesn’t matter how cheap u get

If the public perception is to reject products made in China then companies will pull out

when you are living in lower wages you will buy which is cheaptest. regarless where it is made from. i hope USA does bring back manufacturing jobs so as Canada. But i dont see how.

With service sectors in ruin and oil and gas also suffering i am not sure how north america will get back to good old days.

But lets see.

 

[Mk-313]

what about cost of production? If your argument is true then why dont canada and usa getting back those manufacturing jobs? In usa and canada house hold debt is 100 percent plus with very few saving. significant population live from pay to pay check. So even GDP per capita is higher people cant afford for say if a jacket is made in canada like canada goose which is 1200 dollar.

Again the reason being is gdp per capita it’s why US doesn’t do manufacturing jobs.

Think it like This a Chinese worker can spend 1 hr manufacturing shoes and those shoes will sell for $100

man American can for example work at Lockheed Martin for the same hour and that one hour might produce $500 in value

that’s why You see US has turned into a service country where high research, tech, defense complex jobs because that produces more in productivity

Also, ur household debt thing doesn’t make sense u need to compare it to something 100% of what? If it’s gdp then it’s irrelevant China’s domestic debt is 325% of gdp. That has very little bearing on consumerism

3. For jackets you have to think about equilibrium here. For example a population has $100 to spend on jackets per year . They have 2 choices. Buy 100 Chinese or 2 American made jacket.

As of right now the population has chosen to go with the Chinese and so our habits are we buy clothes every few days we throw out early. Now if u take away the Chinese option and only American left. Population still have the $100 for the jacket but now the equilibrium will shift when they buy those 2 jackets they will keep them longer they will take better care of then they will ask for better quality

in essence, whether American made/Canadian the market size will stay what it is the equilibriums will shift

what about cost of production? If your argument is true then why dont canada and usa getting back those manufacturing jobs? In usa and canada house hold debt is 100 percent plus with very few saving. significant population live from pay to pay check. So even GDP per capita is higher people cant afford for say if a jacket is made in canada like canada goose which is 1200 dollar.


when you are living in lower wages you will buy which is cheaptest. regarless where it is made from. i hope USA does bring back manufacturing jobs so as Canada. But i dont see how.

With service sectors in ruin and oil and gas also suffering i am not sure how north america will get back to good old days.

But lets see.

They don’t need to bring the manufacturing jobs. Economically it doesn’t suffice if ur population can produce more value doing complex jobs why would u want to bring more menial jobs to US

it’s like saying I will take my population away from doing pharmaceutical research and comes with new drugs and instead put them into capsule and pill making business

 

[mmr]

Again the reason being is gdp per capita it’s why US doesn’t do manufacturing jobs.

Think it like This a Chinese worker can spend 1 hr manufacturing shoes and those shoes will sell for $100

man American can for example work at Lockheed Martin for the same hour and that one hour might produce $500 in value

that’s why You see US has turned into a service country where high research, tech, defense complex jobs because that produces more in productivity

Also, ur household debt thing doesn’t make sense u need to compare it to something 100% of what? If it’s gdp then it’s irrelevant China’s domestic debt is 325% of gdp. That has very little bearing on consumerism

3. For jackets you have to think about equilibrium here. For example a population has $100 to spend on jackets per year . They have 2 choices. Buy 100 Chinese or 2 American made jacket.

As of right now the population has chosen to go with the Chinese and so our habits are we buy clothes every few days we throw out early. Now if u take away the Chinese option and only American left. Population still have the $100 for the jacket but now the equilibrium will shift when they buy those 2 jackets they will keep them longer they will take better care of then they will ask for better quality

in essence, whether American made/Canadian the market size will stay what it is the equilibriums will shift


They don’t need to bring the manufacturing jobs. Economically it doesn’t suffice if ur population can produce more value doing complex jobs why would u want to bring more menial jobs to US

it’s like saying I will take my population away from doing pharmaceutical research and comes with new drugs and instead put them into capsule and pill making business

Your argument meaning we wont be buying any more cheap goods. Like you buy one Jakcet and since its expensive you keep using it for years. I can see that point. But with pop culture and Fast fashion this means entire population consumption habbit has to change. That is not an easy task.


Storage unit business is booming in North America. Because people buy too much unnecessary things. Do you expect consumer behavior suddenly change? Maybe but i doubt it will.

Total House hold debt including mortgage i meant.

Population can create high value if they are all highly educated. But USA has many high school and semi skilled workers as well. Who wont necessarily be working at Lockhead martin. You still need those manufacturing jobs to keep them employed.

https://www.cnbc.com/2020/05/14/40p...ost-their-jobs-in-march-according-to-fed.html

I am talking about if those hospitality jobs dont come back then what?

 

[Mk-313]

Your argument meaning we wont be buying any more cheap goods. Like you buy one Jakcet and since its expensive you keep using it for years. I can see that point. But with pop culture and Fast fashion this means entire population consumption habbit has to change. That is not an easy task.


Storage unit business is booming in North America. Because people buy too much unnecessary things. Do you expect consumer behavior suddenly change? Maybe but i doubt it will.

Total House hold debt including mortgage i meant.

Population can create high value if they are all highly educated. But USA has many high school and semi skilled workers as well. Who wont necessarily be working at Lockhead martin. You still need those manufacturing jobs to keep them employed.

that’s true, but equilibrium dictates that. Just like when we figured out cheap labor. Fast fashion was born and it changed the habit of our entire nation. Now, if what you propose occur the habit will start to shift again and will be back to equilibrium of pre China cheap labor era

look in every economic model you have to account for a certain amount of population that will do menial jobs. So u must have a certain percentage of population that is not highly skilled. For example if every one worked at a company like Lockheed who is going to deliver ur TV from Best Buy or ur amazon prime order. Who’s going to create our buildings and houses

adding the manufacturing component on top that is saying that we should divert more percentage of our population to those types of menial jobs

I want US manufacturing to come back but not because it’s economically viable but because US manufacturing was bomb . US made vintage leather jackets are masterpieces.

 

[mmr]

that’s true, but equilibrium dictates that. Just like when we figured out cheap labor. Fast fashion was born and it changed the habit of our entire nation. Now, if what you propose occur the habit will start to shift again and will be back to equilibrium of pre China cheap labor era

look in every economic model you have to account for a certain amount of population that will do menial jobs. So u must have a certain percentage of population that is not highly skilled. For example if every one worked at a company like Lockheed who is going to deliver ur TV from Best Buy or ur amazon prime order. Who’s going to create our buildings and houses

adding the manufacturing component on top that is saying that we should divert more percentage of our population to those types of menial jobs

I want US manufacturing to come back but not because it’s economically viable but because US manufacturing was bomb . US made vintage leather jackets are masterpieces.

I have been using canada goose Jakcet for 7 years. Still gold. Cause its Made in canada lol. Honestly i am one of those people. Who will buy local and keep using it. One is enough when its good.

But then again i have friends who have 100 pair of shoes lol.