Too bad about trying to flog a dead horse. The whole world is benefitting now from cheap, but not necessarily inferior quality goods. China can make high end goods as well, like luxury bags and Rolex watches, if the price is right. iPhones made in China is another classic example. What the USA customer wants is cheap goods and China just oblige using cheaper materials. It is the same as buying a cheap car versus an expensive high-end car, where the price differential determines the quality. China never put a gun to USA consumer's head or consumers of other countries to demand that they must buy cheap Chinese goods. They can always buy expensive high-end bags, also made in China without the label, or from Japan and the EU, paying a different price.
The USA can only compete by getting rid of the competition, like what they did to the Germans and Japanese. The latter two were also not making enough of cheap products like China, due to their high cost of input like higher wages and supply chain restrictions. China is in a different position, leveraging on its cheap wages (though that is not the case today), cheap energy, automation and robotics and its total almost in-house supply chain enabling China to cut away middlemen costs as well.
Anonymous
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If Trump manages to lure all manufacturing he gloated about to the USA and the USA becomes the factory of the world, Trump will outlaw the demonization of the word 'overcapacity'. Overcapacity will then become the next big and beautiful word that Trump discovered, like the word tariff. When a man-child discovers a little word, it is big news, like a toddler in kindergarten.
The real dirtiness in the word 'overcapacity' should be literally applied to the overcapacity in money printing and military spending of the USA. In a literal sense, the rampant corruption evident in these two overhyped entities, the Fed/US Treasury and Pentagon is well defined.
Printing money in the trillions from thin air, without backing, is as bad as counterfeiting if done by anyone else. And let us not talk about the massive corruption inside the Pentagon, where contractors ripped them off like fools. Perhaps not just ripping them off but leveraging on the whole corrupt hierarchy allowing such corruption to fester.
The game is going to be over soon. As the debt spirals with another couple of trillions added, the interest payments alone will collapse the house of cards. USA leaders keep insisting that the USA can never default and its debts can go up forever without collapsing. Wonder who is going to lend them more money to prop up the house of cards. The UK?
This is why Trump is desperate to want to cut interest rate to 1%. But this clown forgot that Fed still needs to sell American debt. At 5% there is already no takers. Who is going to buy American debt if it goes lower? A coin has two sides. Clown Trump can only see one side, the side he likes.
Trump looks to be decomposing right in front of our eyes. A very sick man, both mentally and physically.
Mental illness is a very dangerous illness, with his finger on a big, beautiful button. More so than dementia.
If Trump gets unhinged with a mental breakdown and press the wrong button, it is over folks.
Trump will boast he is giving the world a big, beautiful fireworks show.
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