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It's not equivalent - that $25 billion is going to part cover the DIFFERENCE in cost of the goods created in China vs. the US. Every dollar that is spent in th
by richliss 6y ago
It's not equivalent - that $25 billion is going to part cover the DIFFERENCE in cost of the goods created in China vs. the US.
Every dollar that is spent in the US and not China is removed from China so consider that if something is 10% more expensive to make in the US and that $25 billion covers the difference then the Chinese economy has lost 100% of that money and the US economy has gained it all at a 10% premium.
The west needs to seriously consider doing far more of this and spreading production around to countries like Vietnam, Laos, Cambodia etc.
- teknologist 6y agoInterestingly, Apple plans to assemble the new "AirPods Studio" in Vietnam: https://www.macrumors.com/2020/05/19/apple-over-ear-headphones-vietnam https://www.macrumors.com/2020/05/19/apple-over-ear-headphon...