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Trump is leaving China a broken nation

weird how opposing Trump sometimes ends up in total disaster...
Copper Contagious Hell
  03/02/20
180!
Cracking principal's office
  03/02/20
189762891627862978 fuck all chinks
Razzle disgusting kitchen
  03/02/20
"Mexico and the U.S. get a long" get a long wha...
yellow excitant ticket booth headpube
  03/02/20
without reading the article, a long position? He thinks US a...
Razzle disgusting kitchen
  03/02/20
cr
Abusive generalized bond crackhouse
  03/02/20
we need a version of amazon.com that ONLY sells high-quality...
offensive confused weed whacker
  03/02/20
and Israel
Burgundy mind-boggling tank
  03/02/20
At least a sliding button, like "PRIME", that only...
aphrodisiac nudist field windowlicker
  03/02/20
u should patent that asap
offensive confused weed whacker
  03/02/20
should be a flag you slide up the flagpole, amirite
aphrodisiac nudist field windowlicker
  03/02/20
...
Massive ungodly set
  03/02/20
fuck yeah
offensive confused weed whacker
  03/02/20
180
Razzle-dazzle casino pistol
  08/10/20
when stormfront asked visitors to donate, few did. people al...
Burgundy mind-boggling tank
  03/02/20
buying made in the USA isn't virtue signaling
Beady-eyed talking den
  03/02/20
anything *can* be virtue signaling in a polarized culture. l...
aphrodisiac nudist field windowlicker
  03/02/20
i don't care about virtue signaling, though, all i want is a...
offensive confused weed whacker
  03/02/20
"risten"
Massive ungodly set
  03/02/20
No more soup for you!
Adulterous Sound Barrier Filthpig
  03/02/20
...
Plum Pontificating Parlour Circlehead
  03/02/20
are high tech manufacturing skills fungible?
Passionate mad cow disease chapel
  03/02/20
Yes
Bossy personal credit line
  03/02/20
No
Abnormal kitty cat
  08/20/20
180
Khaki round eye temple
  03/02/20
*leans into mic*
lime point
  07/16/20
...
lime point
  07/16/20
...
lime point
  07/17/20
...
lime point
  07/19/20
...
lime point
  07/22/20
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lime point
  07/28/20
...
lime point
  08/04/20
...
lime point
  08/05/20
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lime point
  08/10/20
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lime point
  08/11/20
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lime point
  08/13/20
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lime point
  08/16/20
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lime point
  08/18/20
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lime point
  08/20/20
...
Abnormal kitty cat
  08/20/20
120 China dislikes niggers
Know-it-all fiercely-loyal reading party karate
  07/19/20
China produces more than twice the manufacturing value added...
floppy vengeful institution depressive
  07/22/20
Xo conflicted
titillating therapy indian lodge
  08/10/20
get fucked, spaceporn. ur a sick pedo and u r not welcome he...
Histrionic Medicated Volcanic Crater
  08/10/20
In hindsight it was kind of stupid of China to think they co...
saffron prole
  08/11/20
apparently china is crushing it right now their economy h...
Cracking principal's office
  08/11/20
lol @ India being able to do anything. Trumpcucks need to ge...
Abnormal kitty cat
  08/20/20


Poast new message in this thread



Reply Favorite

Date: March 2nd, 2020 9:06 AM
Author: Copper Contagious Hell

weird how opposing Trump sometimes ends up in total disaster for the opposer. China is done here.

https://www.forbes.com/sites/kenrapoza/2020/03/01/coronavirus-could-be-the-end-of-china-as-global-manufacturing-hub/#46c35aca5298

Coronavirus Could Be The End Of China As Global Manufacturing Hub

Kenneth Rapoza

Kenneth RapozaSenior Contributor

Markets

I write about business and investing in emerging markets.

The new coronavirus Covid-19 will end up being the final curtain on China’s nearly 30 year role as the world’s leading manufacturer.

“Using China as a hub...that model died this week, I think,” says Vladimir Signorelli, head of Bretton Woods Research, a macro investment research firm.

China’s economy is getting hit much harder by the coronavirus outbreak than markets currently recognize. Wall Street appeared to be the last to realize this last week. The S&P 500 fell over 8%, the worst performing market of all the big coronavirus infected nations. Even Italy, which has over a thousand cases now, did better last week than the U.S.

China On Hold

On January 23, Beijing ordered the extension of the Lunar New Year holiday, postponing a return to work. The coronavirus was spreading fast in the epicenter province of Hubei and the last thing China wanted was for that to be repeated elsewhere. Travel restrictions and quarantines of nearly 60 million people drove business activity to a standstill.

The most frightening aspect of this crisis is not the short-term economic damage it is causing, but the potential long-lasting disruption to supply chains, Shehzad H. Qazi, the managing director of China Beige Book, wrote in Barron’s on Friday.

Chinese auto manufacturers and chemical plants have reported more closures than other sectors, Qazi wrote. IT workers have not returned to most firms as of last week. Shipping and logistics companies have reported higher closure rates than the national average. “The ripple effects of this severe disruption will be felt through the global auto parts, electronics, and pharmaceutical supply chains for months to come,” he wrote.

That China is losing its prowess as the only game in town for whatever widget one wants to make was already under way. It was moving at a panda bear’s pace, though, and mostly because companies were doing what they always do - search the world with the lowest costs of production. Maybe that meant labor costs. Maybe it meant regulations of some kind or another. They were already doing that as China moves up the ladder in terms of wages and environmental regulations.

Under President Trump, that slow moving panda moved a little faster. Companies didn’t like the uncertainty of tariffs. They sourced elsewhere. Their China partners moved to Vietnam, Bangladesh and throughout southeast Asia.

Enter the mysterious coronavirus, believed to have come from a species of bat in Wuhan, and anyone who wanted to wait out Trump is now forced to reconsider their decade long dependence on China.

Retail pharmacies in parts of Europe reported that couldn’t get surgical masks because they’re all made in China. Can’t Albania make these things for you? Seems their labor costs are even lower than China’s, and they are closer.

The coronavirus is China’s swan song. There is no way it can be the low-cost, world manufacturer anymore. Those days are coming to an end. If Trump wins re-election, it will only speed up this process as companies will fear what happens if the phase two trade deal fails.

Picking a new country, or countries, is not easy. No country has the logistic set up like China has. Few big countries have the tax rates that China has. Brazil surely doesn’t. India does. But it has terrible logistics.

Then came the newly signed U.S. Mexico Canada Agreement, signed by Trump into law last year. Mexico is the biggest beneficiary.

It’s Mexico’s Turn?

Worker smiling in manufacturing plant

Hecho en Mexico. Porque no? GETTY

Yes. It is Mexico’s turn.

Mexico and the U.S. get a long. They are neighbors. Their president Andres Manuel Lopez Obrador wants to oversee a blue collar boom in his country. Trump would like to see that too, especially if it means less Central Americans coming into the U.S. and depressing wages for American blue collar workers.

According to 160 executives who participated in Foley & Lardner LLP’s 2020 International Trade and Trends in Mexico survey, released on February 25, respondents from the manufacturing, automotive and technology sectors said they intended to move business to Mexico from other countries – and they plan on doing so within the next one to five years.

“Our survey shows that a large majority of executives are moving or have moved portions of their operations from another country to Mexico,” says Christopher Swift, Foley partner and litigator in the firm’s Government Enforcement Defense & Investigations Practice.

Swift says the move is due to the trade war and the passing of the USMCA.

The phase one China trade deal is a positive, but the coronavirus - while likely temporary — shows how an over-reliance on China is bad for business.

There will be fallout, likely in the form of foreign direct investment being redirected south of the Rio Grande.

“Our estimates of possible FDI to be redirected to Mexico from the U.S., China and Europe range from $12 billion to $19 billion a year,” says Sebastian Miralles, managing partner at Tempest Capital in Juarez, Mexico.

“After a ramp-up period, the multiplier effect of manufacturing FDI on GDP could lead Mexico to grow at a rate of 4.7% per year,” he says.

US-POLITICS-USMCA-TRUMP

Trump arrives to speak about the United States - Mexico - Canada agreement, known as USMCA, during a ... [+] AFP VIA GETTY IMAGES

Mexico is the best positioned to take advantage of the long term geopolitical rift between the U.S. and China. It is the only low cost border country with a free trade deal with the United States, so there you have it.

Thanks to over 25 years of Nafta, Mexico has become a top exporter and producer of trucks, cars, electronics, televisions, and computers. Shipping a container from Mexico to New York takes five days. It takes 40 days from Shanghai.

They manufacture complex items like airplane engines and micro semiconductors. Mexico is the rank the 8th country in terms of engineering degrees.

Multinational companies are all there. General Electric is there. Boeing is there. Kia is there.

The trade war is yet to be decided, but the damage that has already been done will not be undone. Room for a new key commercial ally is open.

- from “The U.S.-China Divorce: Rise of the Mexican Decade”, by Tempest Capital.

A worker is pictured during the manufacture of pieces for...

A worker at Canada's Bombardier factory in Mexico. (Photo by Carlos Tischler/SOPA Images/LightRocket ... [+] LIGHTROCKET VIA GETTY IMAGES

Safety remains a top issue for foreign businesses in Mexico who have to worry about kidnappings, drug cartels, and personal protection rackets. If Mexico was half as safe as China, it would be a boon for the economy. If it was as safe, Mexico would be the best country in Latin America.

“The repercussions of the trade war are already being felt in Mexico,” says Miralles.

Mexico replaced China as the U.S. leading trading partner. China overtook Mexico only for a short while.

According to Foley’s 19 page survey report, more than half of the companies that responded have manufacturing outside of the U.S. and 80% who do make in Mexico also have manufacturing elsewhere. Forty-one percent of those operating in Mexico are also in China.

When respondents were asked about whether global trade tensions were causing them to move operations from another country to Mexico, two-thirds said they already had or were planning to do so within a few years. A quarter of those surveyed had already moved operations from another country to Mexico on account of the trade war.

For those considering moving operations, 80% said they will do so within the next two years. They are “doubling down on Mexico”, according to Foley’s report.

Of the companies that recently moved their supply chain, or are planning to do so, some 64% of them said they are moving it to Mexico.

Follow me on Twitter or LinkedIn.



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681124)



Reply Favorite

Date: March 2nd, 2020 9:09 AM
Author: Cracking principal's office

180!

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681141)



Reply Favorite

Date: March 2nd, 2020 9:09 AM
Author: Razzle disgusting kitchen

189762891627862978 fuck all chinks

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681143)



Reply Favorite

Date: March 2nd, 2020 9:11 AM
Author: yellow excitant ticket booth headpube

"Mexico and the U.S. get a long"

get a long what?

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681154)



Reply Favorite

Date: March 2nd, 2020 9:18 AM
Author: Razzle disgusting kitchen

without reading the article, a long position? He thinks US and Tacotown will PWN going forwards.

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681184)



Reply Favorite

Date: March 2nd, 2020 9:16 AM
Author: Abusive generalized bond crackhouse

cr

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681172)



Reply Favorite

Date: March 2nd, 2020 9:17 AM
Author: offensive confused weed whacker

we need a version of amazon.com that ONLY sells high-quality stuff made in the U.S., japan, or germany

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681178)



Reply Favorite

Date: March 2nd, 2020 9:40 AM
Author: Burgundy mind-boggling tank

and Israel

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681245)



Reply Favorite

Date: March 2nd, 2020 9:52 AM
Author: aphrodisiac nudist field windowlicker

At least a sliding button, like "PRIME", that only shows MIUSA products. Cons love to virtue signal as much as libs and goys would luv to pay more to exercise this option

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681290)



Reply Favorite

Date: March 2nd, 2020 9:53 AM
Author: offensive confused weed whacker

u should patent that asap

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681295)



Reply Favorite

Date: March 2nd, 2020 9:55 AM
Author: aphrodisiac nudist field windowlicker

should be a flag you slide up the flagpole, amirite

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681306)



Reply Favorite

Date: March 2nd, 2020 9:57 AM
Author: Massive ungodly set



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681314)



Reply Favorite

Date: March 2nd, 2020 9:57 AM
Author: offensive confused weed whacker

fuck yeah

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681315)



Reply Favorite

Date: August 10th, 2020 9:58 PM
Author: Razzle-dazzle casino pistol

180

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40735785)



Reply Favorite

Date: March 2nd, 2020 10:42 AM
Author: Burgundy mind-boggling tank

when stormfront asked visitors to donate, few did. people always buy the cheapest airfare even when they know they are getting an inferior product option.

which is why virtue signaling is so pernicious. it's easy to do because no self-cost is involved. when it comes to spending their own money, people will look for value.

you see all these birdshits roaming around in camo gear. i know of a guy that works for a major manufacturer of this. all imported from china. imagine that. your camo gear, that signifies you are some macho military all-American dude, is from china.

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681514)



Reply Favorite

Date: March 2nd, 2020 10:59 AM
Author: Beady-eyed talking den

buying made in the USA isn't virtue signaling

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681593)



Reply Favorite

Date: March 2nd, 2020 11:04 AM
Author: aphrodisiac nudist field windowlicker

anything *can* be virtue signaling in a polarized culture. look at kanye west's christian album celebrated by republicans

doesnt mean peoples choices cant be more authentic or non-performative. but more and more choices are



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681619)



Reply Favorite

Date: March 2nd, 2020 11:16 AM
Author: offensive confused weed whacker

i don't care about virtue signaling, though, all i want is a high-quality product

basically all the stuff i buy off amazon breaks down after a few months and / or doesn't work in the first place, and the fake reviews are getting more sophisticated so the rating system doesn't work well anymore

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681704)



Reply Favorite

Date: March 2nd, 2020 9:57 AM
Author: Massive ungodly set

"risten"

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681311)



Reply Favorite

Date: March 2nd, 2020 9:35 AM
Author: Adulterous Sound Barrier Filthpig

No more soup for you!

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681232)



Reply Favorite

Date: March 2nd, 2020 9:46 AM
Author: Plum Pontificating Parlour Circlehead



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681271)



Reply Favorite

Date: March 2nd, 2020 9:54 AM
Author: Passionate mad cow disease chapel

are high tech manufacturing skills fungible?

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681302)



Reply Favorite

Date: March 2nd, 2020 10:58 AM
Author: Bossy personal credit line

Yes

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681585)



Reply Favorite

Date: August 20th, 2020 11:03 PM
Author: Abnormal kitty cat

No

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40788087)



Reply Favorite

Date: March 2nd, 2020 11:06 AM
Author: Khaki round eye temple

180

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#39681634)



Reply Favorite

Date: July 16th, 2020 10:30 PM
Author: lime point

*leans into mic*

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40620374)



Reply Favorite

Date: July 16th, 2020 10:56 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40620476)



Reply Favorite

Date: July 17th, 2020 12:44 AM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40620793)



Reply Favorite

Date: July 19th, 2020 10:32 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40633087)



Reply Favorite

Date: July 22nd, 2020 11:10 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40647253)



Reply Favorite

Date: July 28th, 2020 11:59 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40675545)



Reply Favorite

Date: August 4th, 2020 10:10 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40707862)



Reply Favorite

Date: August 5th, 2020 11:32 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40713158)



Reply Favorite

Date: August 10th, 2020 9:57 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40735771)



Reply Favorite

Date: August 11th, 2020 1:08 AM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40736596)



Reply Favorite

Date: August 13th, 2020 10:28 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40753242)



Reply Favorite

Date: August 16th, 2020 8:40 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40766005)



Reply Favorite

Date: August 18th, 2020 10:30 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40776998)



Reply Favorite

Date: August 20th, 2020 9:04 PM
Author: lime point



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40787341)



Reply Favorite

Date: August 20th, 2020 11:05 PM
Author: Abnormal kitty cat



(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40788099)



Reply Favorite

Date: July 19th, 2020 10:36 PM
Author: Know-it-all fiercely-loyal reading party karate

120

China dislikes niggers

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40633111)



Reply Favorite

Date: July 22nd, 2020 11:11 PM
Author: floppy vengeful institution depressive

China produces more than twice the manufacturing value added of the US. Good luck with dismantling that.

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40647258)



Reply Favorite

Date: August 10th, 2020 10:09 PM
Author: titillating therapy indian lodge

Xo conflicted

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40735840)



Reply Favorite

Date: August 10th, 2020 10:17 PM
Author: Histrionic Medicated Volcanic Crater

get fucked, spaceporn. ur a sick pedo and u r not welcome here.

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40735878)



Reply Favorite

Date: August 11th, 2020 1:15 AM
Author: saffron prole

In hindsight it was kind of stupid of China to think they could just get away with all that shit they did. They practiced extreme protectionism for decades and are now all pissy that other countries (USA, India etc) are throwing it back at them.

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40736621)



Reply Favorite

Date: August 11th, 2020 1:16 AM
Author: Cracking principal's office

apparently china is crushing it right now

their economy has rebounded

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40736624)



Reply Favorite

Date: August 20th, 2020 11:04 PM
Author: Abnormal kitty cat

lol @ India being able to do anything. Trumpcucks need to get a fucking grip on reality.

(http://www.autoadmit.com/thread.php?thread_id=4458136&forum_id=2#40788092)