Does it still make sense to compete with china in mfg ?
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slowly but steadily, the mfg industry of the US is fast disappearing and, more and more goods are being imported from China. Chinese goods are a lot less expensive and helps the consumers save money, but in an economy where everything comes full circle, such free trade has been leading to a job shift, reduction in jobs and more dependency on foreign goods.
Free Trade with china is impossible, given their population and the number of people in poverty there + their draconian govt. So should we bother trying to come up with trade laws that calls for more balance ? Or should we just accept the fact that under the current scenario we should just give up competing with them and look for newer avenues to create jobs ?
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Chinese: 'Trade wars' counterproductive
The Obama administration currently is acing a decision on whether to impose tariffs against Chinese tires, following the recommendation of the U.S. International Trade Commission. The president has until Sept. 17 to decide.
The United Steelworkers of America, the union that represents many of the 8,000 American workers who it says have lost or will lose their jobs because of competition from Chinese tire production, called Tuesday for the White House to go further than the ITC recommendation and impose a tariff of higher than 55 percent.
"Ever since the ITC's June finding of market disruption, we have watched with alarm as the Chinese have cranked up their exports of tires to beat the date any remedy is applied," said USW President Leo W. Gerard.
Though Mr. Obama conceivably could delay his decision, the issue presents a thorny challenge for him just days before he will meet with Chinese President Hu Jintao and other world leaders at the Group of 20 summit in Pittsburgh. The United States has issued strong calls for the world to reject protectionism at each of the last two G-20 summits, in Washington nearly a year ago and in London last spring.
But in a 558-word statement on the G-20 released by Mr. Obama on Tuesday, the president did not once mention protectionism. Where his statement was prescriptive, he talked about regulation of financial markets and of plotting "a path for sustainable growth while steering clear of the imbalances of the past," a reference to trade imbalances with countries such as China.
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It would be productive, we could put millions of people back to work.
But we owe so much money to them, that Obama dosnt have the balls to tax them while he is on his knees begging them.
Not only that you have Barbara Boxer and her hubby who own several factories in China and they would balk at any motion on having to pay taxes, just like all of their fellow tax cheats in congress.
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We are trying to do fair trade with China, when they are artificially keeping the value of their currency low. It is like everyone sees the wolf but nobody wants to call it. Add to it the fact that we owe them so much money + the number of people who want cheap goods are increasing at such a huge rate that it seems like a very tough challenge for anyone.
The first step towards achieving some form of independence is to first work hard to repay their loans !
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no.....it doesn't make sense. since we, as a people, are not willing to work for what the market will bear, we cannot complete.....superior goods or not. chinese steel is grossly inferior to what we make here....but who has the market share? its simple economics....
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slowly but steadily, the mfg industry of the US is fast disappearing and, more and more goods are being imported from China. Chinese goods are a lot less expensive and helps the consumers save money, but in an economy where everything comes full circle, such free trade has been leading to a job shift, reduction in jobs and more dependency on foreign goods.
Free Trade with china is impossible, given their population and the number of people in poverty there + their draconian govt. So should we bother trying to come up with trade laws that calls for more balance ? Or should we just accept the fact that under the current scenario we should just give up competing with them and look for newer avenues to create jobs ?
slowly but steadily, the mfg industry of the US is fast disappearing and, more and more goods are being imported from China. Chinese goods are a lot less expensive and helps the consumers save money, but in an economy where everything comes full circle, such free trade has been leading to a job shift, reduction in jobs and more dependency on foreign goods.
Free Trade with china is impossible, given their population and the number of people in poverty there + their draconian govt. So should we bother trying to come up with trade laws that calls for more balance ? Or should we just accept the fact that under the current scenario we should just give up competing with them and look for newer avenues to create jobs ?
Yep. Just resend the Child Labor Laws are we are good to go.
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this is a double edge sword.... toxic byproducts of manufacturing along with energy demands from internal manufacturing is a major long term problem.
china is destroying their eco system by manufacturing for the world, we also did the same thing IE mercury everywhere along with all kinds of things in the water supply.
we have to look at smart manufacturing and green energy systems before we attempt to get back into the lead here. We need it for a balanced economy and national security BUT the costs associated with doing it correctly put us out of competitive pricing with another country willing to do it by destroying their people and ecology...
Agree with Global warming or not energy consumption and eco sustainable manufacturing processes are an absolute necessity for our country.
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this is a double edge sword.... toxic byproducts of manufacturing along with energy demands from internal manufacturing is a major long term problem.
china is destroying their eco system by manufacturing for the world, we also did the same thing IE mercury everywhere along with all kinds of things in the water supply.
we have to look at smart manufacturing and green energy systems before we attempt to get back into the lead here. We need it for a balanced economy and national security BUT the costs associated with doing it correctly put us out of competitive pricing with another country willing to do it by destroying their people and ecology...
Agree with Global warming or not energy consumption and eco sustainable manufacturing processes are an absolute necessity for our country.
this is a double edge sword.... toxic byproducts of manufacturing along with energy demands from internal manufacturing is a major long term problem.
china is destroying their eco system by manufacturing for the world, we also did the same thing IE mercury everywhere along with all kinds of things in the water supply.
we have to look at smart manufacturing and green energy systems before we attempt to get back into the lead here. We need it for a balanced economy and national security BUT the costs associated with doing it correctly put us out of competitive pricing with another country willing to do it by destroying their people and ecology...
Agree with Global warming or not energy consumption and eco sustainable manufacturing processes are an absolute necessity for our country.
Nice Sev, I never thought of it that way.
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