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Solely due to Trump's trade war with China. Goods cost more from China due to the tariff(tax) added when the goods import into the USA. The seller has an increased cost and raises the price for the consumer to pay. If the price is too high, the consumers won't buy as many and the goods will be unsold.
Companies like Walmart look to other cheap places to buy the goods, to avoid the tariff. Rather than buy from USA, it appears that Walmart is buying the goods from India and Mexico.
Trump incorrectly thought that American made goods would be purchased instead of goods from China. Trump fails at everything. Trump also thought the trade war would decrease the USA's trade deficit with China yet it did the opposite. Trump fails at everything.
This mess was not going to be fixed in four years.
People like you didn't want to do anything at all. To hell with china.
A diversification of import sources lowers the risk of a trade war for the US.
Yep, and the closer the source of manufacture to the end user benefits everyone, in the case of places like Mexico. Short supply chains benefit the environment too. Leaking Fuel oil powered ships moving product half way around the world is ridiculus.
Buy from those who buy from you China never understood this. Japanese companies that brought Auto production to the US did!
It's all about the next lowest cost country. I know a supplier that is having door handles molded in India for BMW. We've been offshoring design and surfacing work to India for close to 20 years now, but this is the first time I've heard of a supplier setting up a manufacturing plant there.
After made in Japan became less by the late 80/early 90s thought India would take the top spot as exporter to US. Even Taiwan but some how China came out of now where grab the top spot but they forced a lot of US company employees out of jobs because of labor cost. It's almost like they sleezed or forced their way in by the mid to late 90s
This, it has nothing to do with Chinese treatment of labor or politics. It's all about the bottom dollar.
What are you even talking about??? It is very much about politics. The democrat politicians who push for workforce and environmental regulations that increase shoreside costs, while not placing those same regulations for imports, very much do so for political reasons. California is the biggest importer of chinese goods. The state that activily pursues strong arm regulation regarding everything that is made in the United States, has over 6000 shipping container vessels registered in their state. ONE shipping container vessel has the same environmental footprint as 50 million cars.
THIS is what the Trump base in the rust belt and all over the United States is complaining about. Its a very valid point, and one yall just ignore and respind with, RacIsSsssSSstttt. Democrat politicians have given third world and communist countries an unfair competitive advantage that no shoreside manufacturing company can compete with. Top it off with a mandatory law requiring companies to do whats in the best interest of the investor, its a devastating impact for the U.S manufacturing sector.
"The biggest overall beneficiaries, according to a study from the United Nations Conference on Trade and Development that examines the extent of trade diversion from the trade wars, are: Taiwan, Mexico, the EU, Vietnam, Japan, Canada, Korea, and India."
And the US Consumer and Worker will see zero benefit.
This mess was not going to be fixed in four years.
People like you didn't want to do anything at all. To hell with china.
It did not take a rocket scientist to realize this would happen.
Trump plugged one hole in a bucket and ignored the 10 other holes.
How come there was not a blanket tariff against All slave labor countries?
Because it was never the intent to bring jobs back to the US is the obvious answer.
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, and the closer the source of manufacture to the end user benefits everyone, in the case of places like Mexico. Short supply chains benefit the environment too. Leaking Fuel oil powered ships moving product half way around the world is ridiculus.
