China's factory activity falls sharply as Trump tariffs bite — Reuters It’s not just da libs. China gettin’ owned too.
1 of the biggest generators of American wealth is slowing down. nice work maga commies! God, hopefully we can get Brazilian coffee production down. & Bangladeshi clothing production down too!! CHA CHING!!
I long for a world where me and my neighbors can work 14-hour days in factories making little plastic bullshit for all the world.
China has a 1000 year plan. Their people are expendable. Struggle sessions, eating bugs and dirt, etc. Personally, I think what Trump is doing to China is a win. If his pressure on the rest of the world was to pick sides and force China into a corner, great. I just wonder how coordinated it is versus how disciplined China can be in the long term. We shall see…
I was saying the same thing. The US thinks in four and eight year chunks. That's nothing to China. They have the ability to create 50 year plans and have the ability to shut down entire towns for the betterment of their society. If you really want it to go after China you wouldn't do it by pissing off all of your allies and pushing your allies closer to them
Yesterday on CNBC Ford's old CEO said that even if car part manufacturing came back to US it would be parts that could be built using automation. He said that there would be some jobs created but auto CEOs are looking to increase efficiency through automation and less human labor
Lowes and Home Depot buy Christmas lights from China for $17 and sell them for $39.99. Last year of that $39.99 you paid, $13 went to a Chinese factor, $1.50 to international transportation companies, $1.50 to tariffs, $1 to US transportation companies, and $22 to Lowes/Home Depot a US retailer which paid $16 to their employees+rent,+utilities, and then $6 (15%) was left over for US shareholders. The Chinese factors who got $13 cleared about $2.00 in profit. So at risk is all this economic activity for the $2 that China is making on this $40 transaction. Cool.
Agreed. It is not clear if Trump’s approach to strong arm historical allies and trading partners to pick a team will work. It is his prerogative at this point. We can just sit back and huff the Hopium.
You’re missing the point. This will bring families together as husbands struggle with burn out lights and wives stare in disapproval. Hence, said husband will spend the money. edit: this is just a joke. Your point is 100% valid.
That’s what I’m thinking. Trump has made it an us vs. everyone world… we will lose that if he doesn’t back off the rest of the world.
The CCP has taken away Xi's power to make important gov't appointments. How long will he last before he is forced out or liquidated?
This message is not getting through. Americans are not paying attention to automation and AI. We are a service based economy. The rest of the world could hit America with a digital or personal services tax and significantly hurt American jobs.
No one has a "1000 year plan" ... and American capitalists find workers just as expendable here as anywhere else. Our capitalists are also becoming even more authoritarian in their ideological preferences too. Our economy is also hugely privatized, so there is no reason for any corporation to make 4 year plans, unless the US government is incredibly unstable or unpredictable, which it really hasnt been since before WWII.
I talked to a person who buys the Christmas aisle for a grocery store - small section compared to some place like Home Depot - and the grocery store is just canceling all Christmas decorations. Theyll just have candy and food.