Loading ...That’s true but at the same time it was a mixture of things that led to that. China was using their currency manipulation for cheaper labor cost to foreigners, less regulations and low taxes to the foreign companies to lure them over while at the same time the tax the rich lefties here were taxing them right out of the country. They were also allowed a scam to change the name of their company in China claiming it was a Chinese country for tax reasons while sending their American name brand back and claiming it’s a American company in China. Then there was union issues here. Then of course the pay for players like Clinton’s and NAFTA made it even easier to outsource.
They weren’t going to get them back to the same thing with temporary low taxes either. It wouldn’t work.
Then what did they tell us? Oh their doing it because we can buy their products cheaper that way. Yeah they moved across the country to have to ship the products back made more cheaply so it would cost less. Armstrong even said that. I don’t think so. They did it to make more money and shipping and tarriffs were cheap in comparison and they would also find ways to sneak them off the ships but that’s another story.
Meanwhile Chinese were copying their products and selling them like their own products there and elsewhere for less. Also stealing intellectual property.
Now Trump’s tarriffs are a problem for what eventually turned into more money for them and unequal trade putting a price on it but at the same time making it more affordable to come back here although the tax the rich and everybody else including the kid at the lemonade stand in blue states might not make sense being state taxes to death to businesses going there so the clueless politicians ruining the states can pay their bribes to the people for a free something to get elected again