RoyJackson said:
JDCAN, you're either pretty young or your business depends on trade.
China has had a very long history of abusing their population. Just read some history. Of course, from the tone of your posts, you'll probably focus on the British Colonial period rather then the longer view so you can justify your posts.
But, I'm not criticizing china as much as our own government. There are a (relatively) few people making a lot of money from china artificially depressing their currency (which is an unfair trade practice). However, these are the folks that your senators listen too as that's where the money is. But thats getting political, which will get this thread closed.
If imports were required to adhere to the same standards and regulations that domestic manufacturers have to comply with, imports wouldn't be so attractive. Frankly, not only have we exported good paying jobs, we've exported the pollution and potential abuses that stem from manufacturing. That isn't a good thing from a world point of view and devastating from a domestic point of view (unless you think the US becoming a banana republic is a good thing).
I lost a job because it went to Mexico...so, obviously, I do have a prejudice (for lack of a better term).
Can we ignore china...no...we cannot. But we can ensure that china plays fair and items imported meet the same regulatory criteria we burden our own manufacturers with.
Royjackson to answer the first part of your post, I am both young (at least like to think it) and rely on trade to make a living.
To add to the part of your post in which you stated the following “Can we ignore china...no...we cannot. But we can ensure that china plays fair and items imported meet the same regulatory criteria we burden our own manufacturers with”
Well China is a member of the WTO ( World Trade Organization) . As a member, China must adhere to the same rules and regulations of trade the other members of WTO follow.
USA is also a member of the WTO, so to make it real simple here, CHINA DOES PLAY FAIR. The items they export meet the same regulatory criteria that USA burden their own manufacturers with, since China can met the same requirements that USA put down, that explains why CHINA is a member of the WTO like USA and many other nations.
Now you might not agree with the rules and requirements of the WTO, but all the countries that are part of the WTO form the rules. You can’t blame CHINA for the rules and regulations that America and WTO have set fourth. China is playing buy the rules when it comes to WTO guidelines.
Further more all countries including USA apply heavy duties and taxes to many imported goods. The problems with these duties they become free government money and consumers never see the light of it. That also explains why some companies may pay less for China made goods, but when they import they get charged duty rates which bring the prices back up and you barely see the difference in price on a consumer level.
The amount of free money the government collects on duties paid upon goods entering the country could help explain why the government has sent so many jobs overseas. It benefits them by giving them more free loot on the import side of things.
Royjackson while my views could be useless, I still firmly feel these problems lie on us, we are foolish to blame the Asians or others for our problems.