Capitalism is all fun and games until you're the loser, and it's Chinese companies swooping in to undercut you. At least Chinese companies have the decency to actually make something cost less.
I believe the US should actually pay more for things, so that we have worker protections, environmental regulations etc. When it comes to optimization of production though, I have no pity if a corporation gets their lunch eaten.
> They argue that Chinese companies can evade tariffs by moving production to the U.S., using low prices to undercut manufacturers in America, a practice known as internal dumping. These companies trounce competitors with a combination of production efficiencies and, allegedly, illegal labor practices as well as subsidies from Beijing, according to China hawks in Washington.
> “It’s a really dirty game,” said Elaine Dezenski, head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies, a think tank critical of China.
> Fuyao’s success has set off national-security concerns in Congress and some federal agencies—mainly that China could disrupt the American automotive sector and other crucial industries if it gained significant market share at the expense of factories now operating in the U.S.
> “The Chinese government is systematically weakening our economy from within our own borders,” said Nazak Nikakhtar, a former Commerce Department official in Trump’s first term who oversaw efforts to confront China.
If there are illegal labor practices in the US, then that should be handled by the legal system. As it should any other factory.
If the company isn't actually making money because it's being financed by China and is teaching US workers how to make the product, then how is that a problem? You can nationalize that factory at any time and not lose any industrial independence.
This all sounds like someone had their mind made up already and wrote the article based on that.
https://archive.is/XVj3v
https://archive.is/https://www.wsj.com/business/tariffs-chin...
Capitalism is all fun and games until you're the loser, and it's Chinese companies swooping in to undercut you. At least Chinese companies have the decency to actually make something cost less.
I believe the US should actually pay more for things, so that we have worker protections, environmental regulations etc. When it comes to optimization of production though, I have no pity if a corporation gets their lunch eaten.
The concern:
> They argue that Chinese companies can evade tariffs by moving production to the U.S., using low prices to undercut manufacturers in America, a practice known as internal dumping. These companies trounce competitors with a combination of production efficiencies and, allegedly, illegal labor practices as well as subsidies from Beijing, according to China hawks in Washington.
> “It’s a really dirty game,” said Elaine Dezenski, head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies, a think tank critical of China.
> Fuyao’s success has set off national-security concerns in Congress and some federal agencies—mainly that China could disrupt the American automotive sector and other crucial industries if it gained significant market share at the expense of factories now operating in the U.S.
> “The Chinese government is systematically weakening our economy from within our own borders,” said Nazak Nikakhtar, a former Commerce Department official in Trump’s first term who oversaw efforts to confront China.
I don't get it.
If there are illegal labor practices in the US, then that should be handled by the legal system. As it should any other factory.
If the company isn't actually making money because it's being financed by China and is teaching US workers how to make the product, then how is that a problem? You can nationalize that factory at any time and not lose any industrial independence.
This all sounds like someone had their mind made up already and wrote the article based on that.