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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.
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In the 80s US companies went to China to get cheap labor AND US companies wanted to get away from UNIONS. So, that made the US middle class weaker and poorer. What fine PATRIOTS they are.