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Here is the ONE thing I can think of why this could be okay

Posted on: May 13, 2019 at 15:46:16 CT
tiger4real MU
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Several Fortune 500 companies that are producing in China and shipping goods out of China are considering if not already making permanent decisions to move elsewhere. This started almost a year ago now. There was a Bloomberg article, I can’t find it now, after June 30 earnings calls last year. I remember Sketchers’ CEO stating they wheels were in motion to seeking an alternative country to conduct business.

Economics 101 does not assume this scenario. It’s always based on goods produced and sold in country XYZ have no alternatives to produce and ship in another country.... at a lower tariff (or no tariff at all).

If we start seeing large multi-national companies leave China, they are going to be in a real tight spot. The country is crap and it’s only leverage is cheap crap and cheap labor. Well cheap labor is in many other countries now, and cheap crap isn’t difficult to produce.

I don’t like what Trump is doing, and am anti-tariffs, taxes, barriers to commerce overall.....but if China gets hurt more than the US, then I’m okay with that. I guess.
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Tariffs are a cost to US consumers - mu7176grad MU - 5/13 15:18:31
     It is called negotiating. You wouldn’t understand (nm) - TigerFan92 MU - 5/13 22:11:23
     At a steady clip of a $1.5 B a month. Go Don, well done - raskolnikov MU - 5/13 17:17:40
          Because China is the only place you can buy stuff. - Coors4bob MU - 5/13 20:31:43
          Are you saying taxes on goods and services are passed on - Bulldog Bob Brown STL - 5/13 20:02:22
     You all know what I've said from day one.(nm) - GA Tiger MU - 5/13 16:36:31
     Here is the ONE thing I can think of why this could be okay - tiger4real MU - 5/13 15:46:16
          So....what happens - meatiger MU - 5/13 15:52:04
               I doubt anyone that leaves will go back. - tiger4real MU - 5/13 15:57:17
                    So...now you are for countries - meatiger MU - 5/13 16:09:08
                         I don’t think you know how global trade works.nm - tiger4real MU - 5/13 16:21:42
     When he shut down the gov he caved. It took him a - Toger STL - 5/13 15:29:16
     The US doesn’t need any trade deal - pickle MU - 5/13 15:27:08
     It's hurting China more than us. (nm) - Logan BAMA - 5/13 15:25:12
          I guess that's why GDP growth in China is still double ours(nm) - MrBlueSky MU - 5/13 15:29:15
               RE: I guess that's why GDP growth in China is still double ours(nm) - scan MU - 5/13 15:31:23
                    That's the thing - even if it were objective - Mormad MU - 5/13 15:43:39
     What choice is there? Continue to get used and abused - TheWildcat STL - 5/13 15:25:08
          RE: What choice is there? Continue to get used and abused - Toger STL - 5/13 15:35:39
          LOL - meatiger MU - 5/13 15:33:37
          removing all trade restrictions - pickle MU - 5/13 15:29:08
               Yes, except China won't (nm) - TheWildcat STL - 5/13 16:27:01
                    and? (nm) - pickle MU - 5/13 17:32:27
          Could have stayed in TPP, for example - MrBlueSky MU - 5/13 15:28:40
          Not leave the TPP - DC Jayhawk KU - 5/13 15:27:52
     It's good to suffer.(nm) - Toger STL - 5/13 15:25:02
          Sport(nm) - Badird MU - 5/13 15:28:39
     Only if you buy from China...Don't Do It (nm) - DoltfromSTL MU - 5/13 15:23:40
     You think he doesn't know that? He is willing to battle the - hokie VT - 5/13 15:22:41
          At least not lie to my face - mu7176grad MU - 5/13 15:27:37
               Not sure the quote to which you refer, but um....it is a - hokie VT - 5/13 15:57:52
               Hes banking on the stupidity of his supporters. - Badird MU - 5/13 15:29:38
                    A race between a lying dog Hillary and Trump - mu7176grad MU - 5/13 15:50:40
                         I dont blame anyone for voting for Trump through the lens - Badird MU - 5/13 16:01:09
                              I support many of his initiatives and programs - mu7176grad MU - 5/13 16:09:36
                                   What specific initiatives, laws, policies, etc that he has - Badird MU - 5/13 16:11:36
          How much intellectual property does the US gov own? (nm) - MrBlueSky MU - 5/13 15:25:36
     water is wet(nm) - tmcats KSU - 5/13 15:19:04




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