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On the other hand, pretending like the tariffs haven’t been a bloodbath for Chinese manufacturing seems unrealistic. I’m the CFO of a small company. Last year,
by toasterlovin 7y ago
On the other hand, pretending like the tariffs haven’t been a bloodbath for Chinese manufacturing seems unrealistic. I’m the CFO of a small company. Last year, 100% of our products came from China. This year only 20% are coming from China. And we’re trying our hardest to shift the remainder. Every other company in our market has either made the same shift or is planning to.
- TMWNN 7y agoAccording to Peter Zeihan's The Accidental Superpower (2014), manufacturing in China has gone from being one quarter as expensive as in Mexico to 25% more expensive. He expects that the US shale and natural gas boom will further reduce costs in Mexico and the US. Also see "Why China should follow Trump’s example and cut taxes" http://www.scmp.com/week-asia/opinion/article/2056874/why-china-should-follow-trumps-example-and-cut-taxes http://www.scmp.com/week-asia/opinion/article/2056874/why-ch... . Quote: "As far as manufacturing is concerned, according to Cao, everything is cheaper in America apart from manpower."