Quote:
Originally Posted by bopat
FTFY: "KEY POINT: This marks week one of the U.S. finally responding to China's ongoing trade war, with Boeing deliveries scheduled over the next two years. Much could shift in that timeframe."
China started muscling in on U.S. manufacturing back in the ‘80s, waving cheap labor like a carrot to snatch American factories. Come the ‘90s, with trade deals greased and China crashing the WTO in 2000, they hit the gas—sucking up jobs and swiping our tech through slick business deals. A million U.S. factory jobs got wiped out by 2007 while China’s plants churned. That’s when they dug their claws in, and we’re still feeling the sting.
|
Buyer's remorse; looking for someone to blame rather than taking responsibility for our own actions.
"Muscling in" could explain why US manufacturing exports decreased but it doesn't explain an increase in imports. US manufacturing moved to increase profits. American customers encouraged this by voting with their wallets. Everyone was a winner until "we" decided we didn't like the current situation and needed someone to blame.
__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY
Randallstown, MD
Yakima, WA
Stevensville, MD
Village of Hillsborough
|