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..other companies are doing the same...what do they know that we don't?
not much! LOL
Walmart Triples India Exports as Major U.S. Companies Pivot From China
"Walmart announced on Thursday it will triple exports of goods from India to $10 billion each year by 2027, as a nationwide pivot to other trade partners gains strength amid the continuing U.S.-China trade war.
U.S. goods imports from China fell by a stark 16.2 percent between 2018 and 2019, as the effects of Washington's aggressive stance towards Beijing takes effect.
Currently, Walmart estimates Chinese suppliers make up 70-80 percent of its U.S. merchandise, according to the Alliance for American Manufacturing.
However, following a ramping up of tariffs placed on exports from China under President Trump, a host of other, predominantly Asian, countries are now seeing a marked increase in trade with the U.S."
"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."
..other companies are doing the same...what do they know that we don't?
not much! LOL
Walmart Triples India Exports as Major U.S. Companies Pivot From China
"Walmart announced on Thursday it will triple exports of goods from India to $10 billion each year by 2027, as a nationwide pivot to other trade partners gains strength amid the continuing U.S.-China trade war.
U.S. goods imports from China fell by a stark 16.2 percent between 2018 and 2019, as the effects of Washington's aggressive stance towards Beijing takes effect.
Currently, Walmart estimates Chinese suppliers make up 70-80 percent of its U.S. merchandise, according to the Alliance for American Manufacturing.
However, following a ramping up of tariffs placed on exports from China under President Trump, a host of other, predominantly Asian, countries are now seeing a marked increase in trade with the U.S."
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.
In the next 7 years....Walmart will triple the amount of goods imported from just India alone
That's mega $billions.....India will have to make major changes in it's production just to keep up
...that's all taken away from the Chinese economy...and added to India's
I doubt it. In a few weeks, Biden will be in the Oval, meaning CCP will have near total control of this nation. The Biden family has long-since been bought and paid for by the CCP.
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