Chinese are extremely short sighted in business and mainly look to see how to profit right now and take zero time to develop long term plans or custoemr relations. I have had stuff delivered with issues and their response is anything from a lie to so what. Few have been quite honorable but there is so much competition domestically they are fighting for business and only look at short term gains.
China Trade War Over. Trump Wins. Again.
- Thread starter AAAintheBeltway
- Start date
Chinese are extremely short sighted in business and mainly look to see how to profit right now and take zero time to develop long term plans or custoemr relations. I have had stuff delivered with issues and their response is anything from a lie to so what. Few have been quite honorable but there is so much competition domestically they are fighting for business and only look at short term gains.
Leftists seem to have trouble understanding that economic policies must be analyzed dynamically, not based on what plastic junk costs at Walmart next month.
If attempting to burden imports and favor exports is such a hideous policy, why does every other nation in the world try to do it? Do our rancid pols really have a better grasp of economics than the Chinese, Germans, Japanese, etc? Or are outdated free trade theories a bunch of nonsense cooked up to justify the British Empire's vicious merchantilism in the 18th century?
If trade imbalance and one sided trade deals does not matter, why is China trying to keep the status quo? After all, they would not care if there was a fair trade deal and would trip over themselves to sign it? The fact that the Chinese are going out of their way to defend unfair trade deals they had with the US is they know they have the advantage in it!
One more article showing the reality in China, in contrast to foolish trolls on other ET threads saying China will crush the US! Some people are totally clueless!
https://www.marketwatch.com/story/c...-done-for-2019-05-09?siteid=yhoof2&yptr=yahoo
https://www.marketwatch.com/story/c...-done-for-2019-05-09?siteid=yhoof2&yptr=yahoo
You are trying to compare apples to apples but every country is not a similar import export nation or have the same balance or same structure. The U.S. is a huge net importer by a wide margin. Chinese and Japanese have for many years been a huge net exporter. So economic policies cannot be applied in a blanket fashion without proper contxt of the specific target economy.
Furthermore, most of U.S. manufacturing has moved overseas to get cheaper labor, parts, logistics and services to run their global company (Dell, Apple, Ford). The U.S. market is way too expensive to run a business manufacturing and compete in the global economy. No economic policy can really change that, it is a simple fact. Is it our fault most U.S. companies moved production overseas to save money to compete rather than go out of business?
When I did consulting in shipbuilding, Korea and Japan coud build a container ship in 9-11 months for $40 million and a U.S. shipyard would take 2 years and cost closer to $100 million. How come Korea and Japan had 2 year backlogs of orders while U.S. shipyards needed government subsidies to stay open.
So what blanket economic policy do you devise to address that? None and that is why U.S. went from a huge shipbuilder in the 1940s and 1950s to pumping out dinky offshore vessels and naval contracts by 2000. Is that Japan and Korea being unfair or simply better and cheaper?
Remember the outrage at Microsoft by Congress because they were so dominant in the market? Is being good now bad.
Our system does not allow government to support and promote industries, except through flacid tax policies which do little, and we want to compete against countries that do. Most other nations do. But Americans are arrogant to claim the rest of the world is wrong. Typical us.
Maybe we are the fucked up ones and why we are a nation of consumers only and IT services. Afterall we are smart enough to create Microsoft, Apple, Dell, Cisco and simlar world changing products, but not a good place to build them. Each of these has Asian competitors by the way pretty much as good.
So we run to China and bitch and whine that they are "dumping" products while their market is "closed" to our exports. Domestically many in the GOP cry over any government intervention in our economy (regulations, high taxes,) but then demand it in the global economy. I thought at least the GOP believed in free open trade.
We use "fairness" to back up our claims but what is fair about demanding countries take the pieces of shit that Ford and Caterpillar produce that costs double what China, Korea and Japan can produce (Honda, Hyundai and Komatsu)?
That is why this approach fails because it is managed trade, same thing Reagan and Clinton tried with Japan and failed.
The real victim in the trade war....
