U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
I agree with everything you’re saying, but one thing: the US imports more from Canada and Mexico because labor land and shipping costs less than production in China
I guess I fail to see the point. There is no person on Lemmy who only uses items native to their country, especially electronics. Criticize whoever you want, but realize the designs and money for the products are almost always coming from a different place as the manufacturing. If your labor is cheap, you don’t attract the best and brightest because those scientists and engineers expect to be paid well. If you attract the best and brightest, cheap labor can’t afford to live near them
If you look at imports by sector, high tech manufacturing still occurs in China by an overwhelming margin. The input material supply chains are such that if retaliatory sanctions began in the trade war, you would see $10k basic televisions stateside.
Didn’t the trade wars already start under Trump, and then get intensified under Biden with the CHIPS act/restricting microprocessor imports to China? China retaliated by restricting microprocessor raw materials to the US and Chinese companies ordered 5 billion USD in microprocessors
I agree with everything you’re saying, but one thing: the US imports more from Canada and Mexico because labor land and shipping costs less than production in China
they said, on a device 100% manufactured domestically from resilient supply chains
I guess I fail to see the point. There is no person on Lemmy who only uses items native to their country, especially electronics. Criticize whoever you want, but realize the designs and money for the products are almost always coming from a different place as the manufacturing. If your labor is cheap, you don’t attract the best and brightest because those scientists and engineers expect to be paid well. If you attract the best and brightest, cheap labor can’t afford to live near them
If you look at imports by sector, high tech manufacturing still occurs in China by an overwhelming margin. The input material supply chains are such that if retaliatory sanctions began in the trade war, you would see $10k basic televisions stateside.
Didn’t the trade wars already start under Trump, and then get intensified under Biden with the CHIPS act/restricting microprocessor imports to China? China retaliated by restricting microprocessor raw materials to the US and Chinese companies ordered 5 billion USD in microprocessors