Quote:
Originally Posted by MrBaldBastard
You can't build a car in the USA then ship it 7000 miles by boat and hope to compete with a locally made car in China. If you want to sell cars in China, then they need to be made in China or neighbouring countries.
It's the 7000 mile journey that stops your American products from being competitive, that's the killer.
It's senseless to set up new factories in the USA because its an already oversaturated market, especially with cars, and despite Chinese market only targeting 15% of the population its already 2x the American market size. That Chinese market is forecast to grow from 15% to 35% in the next 20 years where as the American market will DECLINE.
If you want to make money from China don't try and sell them Soybeans, Cars or anything they can make themselves.
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Umm no. China imposes a 25% tariff on US imported cars. Trump is at least right about that, it's completely unfair because we only charge 2.5% to them.
It was like that long before the trade war btw.. It's not due to the current tariff wars.