Iphone made in the US?

The only ones who benefit from that module are the rich corporations.

No matter the setup, someone will benefit.....the who is what is important....so do we need to discuss who should benefit most from lucrative business?

Look at Sports for that...

In reply to sudden



The Dotard and his billionaire pals will carve out what's left of the carcass. That's what the next 4 years is about.

As for bottomless pits. The real bottomless pit is the bottomless pit of gullibility of dotardnation to fall for and believe anything which comes out of the Dotard's mouth. Why exploit cheap foreign labour when you can exploit dotard nation's stupidity to your heart's content?

In reply to SnoopDog

China and Brics may represent 60% of the population, but they do not represent 60% of the Wealth or more importantly, 60% of the consumption.

In reply to Ayenmol



yes it was

after the 2nd european civil war, never bombed or invaded, the USA as the only industralised country left standing, manufactured and sold products all over the world until the 1970s

In reply to Ayenmol



Sudden addressed this. This is not a fact. You get what you pay for out of China.



They won't because SCOTUS decided companies are people, billionaires want to be trillionaires and if an iPhone cost what it would people would not be camping out in a long line every September for one.

In reply to Commie

I can attest to everything in that article! I worked in manufacturing for 20yrs, before a career change after I discovered that no way American can compete with China. What took us months to manufacture, the Chinese did in less than two weeks.

In reply to nick2020

Did you by chance read Comrade Commie's PHD dissertation on Dotard economics?

In reply to sudden

The US does very well providing high level services in the medicine, education and technology.

The problem occurs when you have a bunch of coal miners listening to a liar who is convincing them he is going to bring back coal.

A country could easily thrive leaving all the factory jobs to other country while making a ton of money on high level services.

In reply to SnoopDog



I did not. I will look now.

In reply to nick2020



You'll need about a week.

In reply to nick2020



And that the exporting countries, and not the domestic US buyers/importers, are the ones who pay the tariffs.

Some industries are gone forever, no tariff will resurrect them, garment manufacturing, metal fabrication, small household electronics are some of the areas that come to mind, this shift has been taking place from the early eighties and won't be undone in a presidential term. There are several reasons for the shift and those can be debated but won't be reversed anytime soon. It is sort of how sugar and banana production was moved from the Caribbean.

In reply to Ayenmol

Do you realize you not only started a post with unnecessary insults then stated contradictory positions? I am close to ppl who work in different countries with Chinese companies electronics. One person's company had to switch supplier because of sanction on the original supplier. He related how the new supplier offered up to22 samples of a particular piece with a price scale and quality range.So, you get what you pay for as greedy American companies go for price over quality. It has not much to do with Chinese only being able to produce quality products

In reply to camos

The problem is that the Dotard has now misled the entirety of dotardnation into believing that trade deficits are bad and that tariffs are the way to reduce trade deficits.

When in reality the whole tariff nonsense started by the dotard is about taxing the middle class to pay for tax cuts to billionaires, and using the tariffs as a tool to manipulate the stock market to further enrich himself and all his billionaire friends.

To the only manufacturing area that US dominates is military hardware, I would say in every other goods category, you can name non-US company with a better built product, Caterpillar is also a world class manufacturer.

In reply to SnoopDog

Ditto.

In reply to Ayenmol
I've just started reading through. It is not correct to say "they (The Chinese) are kept poor" For the last 30yrs or so China has had the fastest growing middle class with hundreds of millions escaping out of poverty. Yes, their standard of living is lower than America's but millions who couldn't buy a bicycle now ride motorbikes or drive cars

In reply to Brerzerk

Most Americans would be shocked to see the very high standard of living of the middle class in China.

In many ways, China is light years ahead of us in the West.

..... Trump's ability to sell a narrative, even one that is full of contradictions, is more appealing than his policies. Consider his audacious pledges to his MAGA base: a border wall financed by Mexico and tariffs that would not burden the average taxpayer. Even though these claims were blatantly ridiculous from the beginning, his supporters enthusiastically accepted them. They fell for the illusion, whether out of loyalty, naivete, or outright defiance.

The United States should be examining where the true opportunities are rather than trying to revive an industry that has undergone significant change. Welders, electricians, and plumbers, for instance, are in high demand. These are high-paying positions that fill a vital need in the nation, with salaries sometimes surpassing six figures. However, these occupations are frequently disregarded in political discourse because they do not fit with the narrative of "bringing manufacturing back."

It is important to review the historical background of China's ascent to prominence in manufacturing. This change was hastened by the Reagan administration and the neoliberal policies of the 1980s and 1990s, which destroyed unions and left American workers defenceless. The irony is obvious. The same corporate avarice that drove job outsourcing is now complaining about China's ascent to prominence in the global economy. However, what were they expecting? Playing the long game, China took advantage of opportunities that Western capitalists threw at them. That same group of capitalists is complaining now that they have achieved success.

Ultimately, the oversimplification of a very complicated issue is the issue, not just Trump or his tariffs. Manufacturing will not return quickly, if at all. The political climate will have changed once more by the time "Made in America" is a reality, and a new administration will be facing the same difficulties. The United States will still have to deal with the fallout from decades of misguided policies and priorities.

Trying to go back in time is not the way that American labour will develop in the future. It involves investing in areas where the nation can genuinely flourish and adjusting to the realities of a global economy. Nothing can bring back manufacturing as we know it, not even tariffs or rhetoric. It is time to concentrate on creating a sustainable and forward-thinking economy rather than pursuing a sentimental ideal.

Sarge

[b]In reply to sgtdjones[/b

well said

In reply to SnoopDog





I read it and I'm happy I did. But maaan, MY EYES HURT!!!

In reply to SnoopDog





I see why. I will put the coffee on and take my time.

In reply to nick2020

For a moment I thought Commie had metamorphosed into POINT.

What's up with Pointy anyway? Haven't seen him post on here in a long time.

In reply to Priapus

Lol

You know, interestingly the drop in Treasury prices is NOT due to any type of selling by foreign governments. The selling is the result of forced liquidation of margin accounts in the 'basis trade'. Let me explain that.

In normal times, the futures price of a 10 year Treasury bond is higher than the current or 'spot' price of that bond. For example, today the June future is 111, while the spot price is 102. So, if you own a T-bond, you can sell the future at 111, and deliver the bond you paid 102 for to satisfy that future, and pocket the difference. (I note this spread is quite high, historically, reflecting the massive uncertainty in the market right now) These figures of "111" and "102" are percentage points above the bond's nominal "100" value. In the financial world, the percentage points are called 'basis points', and this trade of owning the bond and selling the future is called the 'basis trade'.

So you're a rich guy who wants even more, so you take your gains in stock, and use them as collateral to buy (on margin) bonds and sell the futures. It's like another 10% yield! And everything goes great until your stocks go into the toilet.

Since you bought everything on margin, and are, as we politely say, 'leveraged to the tits', you now have to start selling to meet your margin calls. When you sell your bond, you have to buy back your future as well, so you are adding supply to the bond market (increasing rates) and increasing the futures price (influencing future rates higher) at the same time. This is what has been happening over the last few weeks, not co-ordinated selling by other countries.

Yesterday's pause was to allow assorted billionaires a chance to get out and restructure before their forced liquidations crashed the entire market. Do not forget for one moment that the top 1% own 37% of ALL the assets in America, and a significantly higher percentage of financial assets, including stocks. Most of us, I'm sure, are in the "who cares?" camp, but letting them fall would really bring down the entire financial establishment, and I don't think even Trump wants that.