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If China won't respect human rights, I would support moving away from them as a trade partner. There are other producers with more liberty for their people.
by SubiculumCode 9y ago
If China won't respect human rights, I would support moving away from them as a trade partner. There are other producers with more liberty for their people.
- dqpb 9y agoDoes China actually view other countries as partners?
- blackrock 9y agoPeople do not view China as a trade partner. Instead, China is viewed as an opportunity (to be exploited). Apple, Dell, IBM, everyone, used them as cheap labor to get manufacturing costs down. So that they can sell that sweet iPhone for $1000, and make $800 in profits. Apple stock goes up. Your 401k is more valuable. Then, there are more iPhone users in China, than there are in the United States. Apple can make more money selling services (music, apps, subscriptions) to them, than they do in the United States. Do you want to take away this sweet money tree from Apple? Walmart views China as a cheap manufacturer. You can buy more plastic trinkets for less. So you spend more money, to buy more things. Win for you. Win for Walmart. Walmart stock goes up. Your 401k is more valuable. If you want to kill the lucrative trade partnership with China, then you had better give a good explanation to all the people with their cushy 401k, why their retirement accounts are tanking. The trade with China, may suck for the blue collar class, but it is very lucrative for the investor class. And for you, your 401k gets a nice bounce, so that you too, can get a share of the profits.