In the first 5 months
of 2018, US exports to China totaled $53 billion and US imports from China
totaled $205 billion. Our trade deficit with China was $152 billion from
January to May 2018.
Most of the deficit
with China is caused by US companies contracting with China to do their
manufacturing of goods that are made in China, exported from China to the US
and sold to US consumers.
Trump needs to return
manufacturing jobs to the US and he cut corporate taxes from 35% to 21% and
removed unnecessary regulations to ensure lower electrical costs. He also
offered a tax break to corporations to repatriate $4 trillion in cash back to
the US.
All of these moves got
companies closer to being able to return manufacturing to the US, but not
quite. Trump is introducing 25% tariffs
on Chinese made goods and that will force US companies to return manufacturing
to the US.
China is dealing with
their Bond debt crisis and is not able to do anything but adjust to not doing
all of our manufacturing.
US corporations are
dealing with intellectual property theft and the cost of handling cheap
manufactured goods from China and they should be open to returning all of their
manufacturing to the US.
US consumers have been
dealing with cheap Chinese made goods for decades and they are open to getting
better made products that last longer.
Returning the
manufacture of high tech goods to the US will end the intellectual property
theft as US engineers design the next versions of our electro-mechanical
devices and the software it will take to run them.
US companies should
select rural cities for most of their manufacturing operations. Those
operations that require engineers will likely return to the suburbs and exurbs
near large cities.
Norb Leahy, Dunwoody
GA Tea Party Leader
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