I saw that article before, I think it is more of a mutual thing consider we can grow more food and raw material than China. China is good at turning raw materials into goods (cheaper than U.S.) but a rise in cost of Chinese good can hurt the regular folks who are buying them (clothing and such)Some say that it's a myth that the US's economy depends on china - and that's it's actually the other way around.
I myself can't say this is the case for sure, but *something* has to be done about China's eating-of-and-als0-having-of cake-ness.
Well. The iPad is just on the "luxury" items that people love to buy. But you are right, the people who shop at Wal-Mart (I do too cause some items are just affordable) would be hurt by this.Somehow I am not feeling a lot of sympathy for the "iPad prices" argument, but chances are prices at Wal-Mart might also go up on the nation's low income families, which is a concern. But what the article is saying is that while china is currently the lowest cost, it isn't by very much. Other nations like Vietnam are supposedly chomping at the bit to provide the US market with cheap goods - maybe not quite as cheap as china, but still a hell of a lot cheaper than we could make ourselves in the US... and also unimpeded by 25% tariffs.
I hope so. Chinese people then to be egotistical toward other country and have a long memory if they are slighted. (look at Taiwan as an example)This is typical "shot across the bow" type stuff for legislators. It won't go anywhere.
It's similar to the latest Simpson's voice actor salary discussions. Each side says, "You suck!" and eventually both sides agree to change in small, mostly insignificant, ways.
In this case they are publicly provoking China to react. Right now they are reacting to the news, and tomorrow our newspapers will be filled with stories about China denouncing America's foreign policy, and how we unfairly tax imports and throw our economic weight around in order to dampen their thriving economy, etc, etc, etc.
It'll all be very public, and it will fizzle just as quickly in a week or three depending on how long each side wants to drag the other through the mud.
Good article.
Well for now. Even they know that won't last forever.-China wants to export labor, they don't want to import anything.
I believe there is legislation in the works that would make re-opening the Rare Earth mineral mine in the US an eventuality and it's all thanks to Chinese posturing. Basically, China got greedy and has been threatening to scale back Rare Earth exports/raise prices for policy changes. Corporations aren't going to have any of that bullshit so they are greasing the wheels in Washington to make domestic minerals a possibility again.China also owns 90% of the market on rare earth.
I have been thinking about that, but rare earth is toxic and dangerous. People in the U.S. takes shortcut in COAL mine, I am afraid when it comes to rare earth. We have laws and regulation and companies "ignore" them. If it is really push for safety, I don't think it will be cheaper than China.I believe there is legislation in the works that would make re-opening the Rare Earth mineral mine in the US an eventuality and it's all thanks to Chinese posturing. Basically, China got greedy and has been threatening to scale back Rare Earth exports/raise prices for policy changes. Corporations aren't going to have any of that bullshit so they are greasing the wheels in Washington to make domestic minerals a possibility again.
Once the US mine opens, Chinese prices will drop and exports will be up if only because they now have to compete with a domestic supply.
You'd be surprised. China charges obscene prices compared to what it actually costs them to dig up the minerals, so while it IS cheaper to buy them than mine them up ourselves, it's not by much. Besides, if the prospect is to go without the minerals because China arbitrarily decides not to export for political reasons, the choice is obvious.I have been thinking about that, but rare earth is toxic and dangerous. People in the U.S. takes shortcut in COAL mine, I am afraid when it comes to rare earth. We have laws and regulation and companies "ignore" them. If it is really push for safety, I don't think it will be cheaper than China.
You got a point It is an interesting situation that the U.S. doing consider right now we are really in economic slump.You'd be surprised. China charges obscene prices compared to what it actually costs them to dig up the minerals, so while it IS cheaper to buy them than mine them up ourselves, it's not by much. Besides, if the prospect is to go without the minerals because China arbitrarily decides not to export for political reasons, the choice is obvious.