Reply to post: Who knows

Who knows

Trump has some valid points when saying that China indeed copied all kind of things.

Now the problem is that America didn’t had a problem with that as long as their products were graded has lower quality and they could pay virtually zero for labor. Please remember an employee that manufactures an iPhone gets probably less than 100 usd and each phone out of the factory doesn’t cost much more than 100 usd, in the stores costs 800 usd. America never gave a dammmm about contributing for exploitation in the name of capitalism and profits. Now the problem is that China with that experience gained competencies and money and start making their own R&D with a number of brands like the ones we all know, and they became popular, very popular, and then they became better as well and reasonably priced, and then they started shifting the niddle where the profits of exploitation were going.

In this, other countries are being caught, remember that Europe and even Canada are being affected, with such taxes, not to the same extend of course.

The interesting thing is that we could all argue this would be good for economy in USA, to further increase the jobs in US by moving production back to US... well seems that all companies don’t care about US that much in the end, they will move production to Thailand, Taiwan, Vietnam, Indonesia, etc. starting all over again and we all know where this leads. US is being a patron of other countries, by assuming other countries, just because they are under developed and in poverty that means they are dumb, but they are not.

In the end of the day what these policies will drive is that no other global players that are by far bigger market combined than US internal market, is that they will not risk much in a unstable country in trade policies, like US became, Everett second week or less they change the rules and then change them back and then temporary rules to overcome issues. No one would make long term partnerships With such entity.

US really is risking isolating themselves, other players in Asia are benefiting from this, Japan and Korea mainly for example and will absorb even more market and at some point it might happen that US companies become irrelevant.