We are about to find out the range of things that are being imported from China when they are also made in quantity in the US. On Varney & Co, the Fox Business morning show, we heard yesterday some of the products we buy from China that one wonders about, orange juice being the one that got my attention. I lived in Florida for a time and thought all orange juice came from that neighborhood. Not so, we import some from China. Orange juice. Just unbelievable.
What this next round of tariffs is going to show is how many of our goods that are produced in China that are also made in the USA. They are produced in China, shipped over here, and still can beat the prices of domestic goods. That, of course, is because China’s wage rates, while steadily rising, are still so much lower than in the US. We recently began cutting our regulations on industries to make it easier to produce goods and services. China did not start doing that because it slows down their economic gains. You see the disadvantages of that in pollution, overbuilding of housing, and borrowing, among others. Of ourse their labor rates are lower, and they cheat at every turn. Amazon still sells “generic” products from China that are just copies of products with no names and no instructions on how to use the product. They push this stuff on us because it is cheap. Maybe not in the future.
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