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My speculation, the problem is the huge dependency the USA has on Chinese manufacturing and now on investments (Hollywood, Silicon Valley, etc). Like, as much a
by corodra 7y ago
My speculation, the problem is the huge dependency the USA has on Chinese manufacturing and now on investments (Hollywood, Silicon Valley, etc). Like, as much as these tariffs are going to hurt us in the short term, I'm not fully against them. It's just like an business, you cannot have a large portion of your income come from one client or rely on just one supplier. You become far too dependent on them and are not willing to cross them, even if their demands don't align with you or really isn't advantageous for you in the long term. But you'll always move that goal post a little for short term happiness until you did it so much, you realize your goal post is in a whole different country.
I'd personally like to see far more diversification in USA imports and exports. A 21.5% dependency on Chinese imports... when I did freelance years ago I panicked over the fact I had a customer that made up 12% of my yearly income. I quickly did a reach out to obtain new customers so I could drop that to roughly 6%. While I understand geopolitics is a different ball game... it's really, really dangerous to have a 20%+ reliance on a supplier. Being shut off that easy on that much of goods and materials, that easily, is pretty scary.