More and More Companies Moving Out of China thenewamerican.com/world-news/asi…
“For every foreign company that left China in 2019 there are two or three more seriously contemplating doing so. We expect more companies to leave China in 2020 that in 2019.”
As a direct result of those trade war tariffs, China has now fallen behind Mexico and Canada to become America’s third-largest trading partner. Before the tariff wars began in July 2018, China was number one.
Compared with June 2018, the month before the trade war began, U.S. imports of goods from Vietnam have soared by more than 50 percent, Thailand nearly 20 percent, Malaysia by 11 percent, Indonesia over 14 percent, Taiwan 30 percent, and Mexico nearly 13 percent.
The ripple effect is showing up in car sales in China, which have dropped for the second consecutive year, dropping 5.8 percent in 2018 and 7.4 percent last year. December car sales were down, the 18th down month out of the last 19.
As China’s consumers face food-price increases that are the highest in eight years, they are paring back elsewhere, slowing the country’s economy to its lowest pace seen in three decades.
The trade war isn’t going away anytime soon, according to Evans: “For companies exporting to the U.S. the entire time span of the trade war has sent the message that this isn’t going to go away and that they need to rethink things.”
That’s especially true of the communists ruling the country, who are seeing their dream of overtaking the U.S. economically by 2030, and having an economy triple the size of the United States by 2050, slowly turning to ashes.
Their “Hundred-Year Marathon” to replace America as the global superpower is happily coming unglued as the economy staggers under Trump’s America First foreign policy initiatives.
The day of “Made in China” is slowly but surely becoming “NOT Made in China.”
The day of “Made in China” is slowly but surely becoming “NOT Made in China.”
