I don’t get why this point is so rarely made.
Because if it needs to be made at all, you are talking to a moron
I don’t get why this point is so rarely made.
It’s funny people criticizing trump on the basis that he might not be tough enough on China...when he is the only president to make any attempt whatsoever to stop China from eclipsing us in every facet.
If it wasn’t for trump we wouldn’t even be discussing it...I’d say trump is just the man to take on China
Because if it needs to be made at all, you are talking to a moron
He's more likely to change his mind unexpectedly and leave everyone confused, his surrogates scrambling to explain his new line of thinkingIf we already hadn't seen Trump involve his ego on these matters, and back off when his family is profiting(ZTE), I'd be a bit more optimistic.
Him having to be the one to take on China for us, gives me very little hope this ends up being good for Americans. I have every reason to believe he will completely fuck it up at some point. I hope I'm wrong.
Try reading that again. It is 20% of the portion that is held by foreign countries. More like 5% of America's debt.Don't know if this is really a smart move considering that China owns almost 20% of America's debt.
The U.S. debt to China is $1.19 trillion as of March 2018. That's 19 percent of the $6.29 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $21 trillion national debt is owned by either the American people or by the U.S. government itself.
Bye China.
How The US Plans To Replace China As The World's Largest Manufacturer
The United States, the world's second largest manufacturer with a 2017 industrial output reaching a record of approximately $2.2 trillion, will reportedly apply Industry 4.0 technologies to replace China as the world's largest manufacturer. This is what leading research firm Industry 4.0 Market Research reveals in its new report
The United States, the world's second largest manufacturer with a 2017 industrial output reaching a record of approximately $2.2 trillion, will reportedly apply Industry 4.0 technologies to replace China as the world's largest manufacturer. This is what leading research firm Industry 4.0 Market Research reveals in its new report.
The report forecasts that the US Industry 4.0 market will grow at a CAGR of 12.9% during 2016-2023, in hopes of dominating the manufacturing race against China once again. China displaced the United States as the largest manufacturing country in 2010.
In the US, every dollar earned in manufacturing reportedly contributes $1.4 to the economy and for every manufacturing job created, approximately 2 jobs are created in other fields. Therefore, the US considers growth of the manufacturing sector a major success for the economy and is ready to invest considerable budgets to achieve it. It is understood that any efforts to reinvent US manufacturing by leveraging Industry 4.0 technologies to create smart factories will have a substantial impact on US economic growth.
Restoring manufacturing jobs to the United States struggling Rust Belt communities and corporate tax cuts were two of President Donald Trump's biggest campaign promises. It is expected that Trump's administration will follow Obama's Industry 4.0 policy (2011): the formation of the Advanced Manufacturing Partnership (AMP), a national effort bringing together industry and the federal government to invest in Industry 4.0 technologies.
The Industry 4.0 transformation holds immense potential. Smart factories allow individual customer requirements to be met, so that even one-off items can be manufactured profitably. In Industry 4.0, dynamic business and engineering processes enable last-minute changes to production and deliver the ability to respond flexibly to disruptions and failures on behalf of suppliers. With more efficient and optimized production in manufacturing, the entire sector is likely to thrive and rise again as a frontrunner of the US economy.
NOTE: The US 'Industrial Output' mentioned in the article doesn't take into account mining (oil and gas extraction) nor construction from what I can tell, which would actually bring the 2017 GDP output figure to around $3.65 trillion which is consistent with the CIA World Factbook.
OZY: The US Is Beating China On The Factory Floor. This Is Why.
What’s behind America’s new place at the front of the pack? It comes down to an ongoing economic boom that some analysts are calling “Manufacturing 4.0” or “Next Manufacturing.” Manufacturers are finding that the total cost of ownership (TCO) favors U.S.-based factory production, explains Harry Moser, founder and president of the Chicago-based Reshoring Initiative, a nonprofit think tank that supports U.S.-based manufacturing.
The domestic energy boom in natural gas and fracking has lowered the cost of materials and operations, prompting more factories to return to U.S. soil. Then there’s proximity to a growing field of local suppliers that provide raw materials. And keeping production in the country means there are no duties and tariffs, reduced inventory carrying costs and R&D innovations on the factory floor aren’t at risk of intellectual property theft. Also, the U.S. doesn’t have to lower its prices or wages to be competitive with China; it needs only “a lower total cost to produce that product,” Moser explains.
But it’s about big data and high-tech innovations, too. Manufacturing is increasingly using predictive capabilities to generate value and create more efficient, lower-cost logistics to handle materials throughout the supply chain. U.S. labor costs are still higher than those of other nations, but the ability to create smart products and smart factories will make this less relevant over time.
There are potential obstacles in the United States’ race to No. 1. For one, the continued strength of the dollar could dampen international sales of U.S. industrial exports. Smart factories need skilled labor, and the number of STEM graduates and “upskilled” workers who have received technical training may not be able to keep pace with demand. What’s not going to be a problem? Robots taking jobs. Thirty-seven percent of U.S. industrialists say their need for skilled labor will actually increase as physical production becomes automated, according to a recent survey by PwC.
Reshoring Initiative Data Report: Reshoring Plus FDI Job Announcements Up 2,800% Since 2010
In 2017 the combined reshoring and related foreign direct investment (FDI) announcements surged, adding over 171,000 jobs in 2017, with an additional 67,000 in revisions to the years 2010 through 2016. This brings the total number of manufacturing jobs brought to the U.S. from offshore to over 576,000 since the manufacturing employment low of 2010. The 171,000 reshoring and FDI job announcements equal 90% of the 189,000 total manufacturing jobs added in 2017.In 2017 announcements of combined Reshoring and FDI jobs were up 122% compared to unrevised 2016 totals and 52% compared to revised 2016 totals.
The weaponisation of the US financial system should be a stark warning to any firm that uses US suppliers that the tap can be switched off at any time. If I was any other firm I would be looking to move away from American part suppliers asap; or at a government level, stimulating those industries, to replace reliance on US products. If anything Made in China 2025 will probably be considered more important than ever. This will just be a massive own-goal imo and will just accelarate the trend. Instead of competing, the US is seeking to hold back its competitors be exercising its power.
The ZTE ban was another example of the US forcing its foreign policy on others - as with its other bullshit extra-territorial sanctions, that don't affect American as all, but harm European business and energy supplies.
Reads like a recipe for pie in the sky.Bye China.
How The US Plans To Replace China As The World's Largest Manufacturer
The United States, the world's second largest manufacturer with a 2017 industrial output reaching a record of approximately $2.2 trillion, will reportedly apply Industry 4.0 technologies to replace China as the world's largest manufacturer. This is what leading research firm Industry 4.0 Market Research reveals in its new report
The United States, the world's second largest manufacturer with a 2017 industrial output reaching a record of approximately $2.2 trillion, will reportedly apply Industry 4.0 technologies to replace China as the world's largest manufacturer. This is what leading research firm Industry 4.0 Market Research reveals in its new report.
The report forecasts that the US Industry 4.0 market will grow at a CAGR of 12.9% during 2016-2023, in hopes of dominating the manufacturing race against China once again. China displaced the United States as the largest manufacturing country in 2010.
In the US, every dollar earned in manufacturing reportedly contributes $1.4 to the economy and for every manufacturing job created, approximately 2 jobs are created in other fields. Therefore, the US considers growth of the manufacturing sector a major success for the economy and is ready to invest considerable budgets to achieve it. It is understood that any efforts to reinvent US manufacturing by leveraging Industry 4.0 technologies to create smart factories will have a substantial impact on US economic growth.
Restoring manufacturing jobs to the United States struggling Rust Belt communities and corporate tax cuts were two of President Donald Trump's biggest campaign promises. It is expected that Trump's administration will follow Obama's Industry 4.0 policy (2011): the formation of the Advanced Manufacturing Partnership (AMP), a national effort bringing together industry and the federal government to invest in Industry 4.0 technologies.
The Industry 4.0 transformation holds immense potential. Smart factories allow individual customer requirements to be met, so that even one-off items can be manufactured profitably. In Industry 4.0, dynamic business and engineering processes enable last-minute changes to production and deliver the ability to respond flexibly to disruptions and failures on behalf of suppliers. With more efficient and optimized production in manufacturing, the entire sector is likely to thrive and rise again as a frontrunner of the US economy.
NOTE: The US 'Industrial Output' mentioned in the article doesn't take into account mining (oil and gas extraction) nor construction from what I can tell, which would actually bring the 2017 GDP output figure to around $3.65 trillion which is consistent with the CIA World Factbook.
OZY: The US Is Beating China On The Factory Floor. This Is Why.
What’s behind America’s new place at the front of the pack? It comes down to an ongoing economic boom that some analysts are calling “Manufacturing 4.0” or “Next Manufacturing.” Manufacturers are finding that the total cost of ownership (TCO) favors U.S.-based factory production, explains Harry Moser, founder and president of the Chicago-based Reshoring Initiative, a nonprofit think tank that supports U.S.-based manufacturing.
The domestic energy boom in natural gas and fracking has lowered the cost of materials and operations, prompting more factories to return to U.S. soil. Then there’s proximity to a growing field of local suppliers that provide raw materials. And keeping production in the country means there are no duties and tariffs, reduced inventory carrying costs and R&D innovations on the factory floor aren’t at risk of intellectual property theft. Also, the U.S. doesn’t have to lower its prices or wages to be competitive with China; it needs only “a lower total cost to produce that product,” Moser explains.
But it’s about big data and high-tech innovations, too. Manufacturing is increasingly using predictive capabilities to generate value and create more efficient, lower-cost logistics to handle materials throughout the supply chain. U.S. labor costs are still higher than those of other nations, but the ability to create smart products and smart factories will make this less relevant over time.
There are potential obstacles in the United States’ race to No. 1. For one, the continued strength of the dollar could dampen international sales of U.S. industrial exports. Smart factories need skilled labor, and the number of STEM graduates and “upskilled” workers who have received technical training may not be able to keep pace with demand. What’s not going to be a problem? Robots taking jobs. Thirty-seven percent of U.S. industrialists say their need for skilled labor will actually increase as physical production becomes automated, according to a recent survey by PwC.
Reshoring Initiative Data Report: Reshoring Plus FDI Job Announcements Up 2,800% Since 2010
In 2017 the combined reshoring and related foreign direct investment (FDI) announcements surged, adding over 171,000 jobs in 2017, with an additional 67,000 in revisions to the years 2010 through 2016. This brings the total number of manufacturing jobs brought to the U.S. from offshore to over 576,000 since the manufacturing employment low of 2010. The 171,000 reshoring and FDI job announcements equal 90% of the 189,000 total manufacturing jobs added in 2017.In 2017 announcements of combined Reshoring and FDI jobs were up 122% compared to unrevised 2016 totals and 52% compared to revised 2016 totals.
Ok Edgelord.China has already bought $2+ trillion in US real estate in the last decade. It's a bit silly to tax $50b in goods if the point is to challenge or reduce China's control on America- way too late for that.
We should confiscate non-citizen Chinese-owned properties by the thousands if the point is to hurt them(which will have a dual benefit of opening up the seller's market to American buyers).
Fuck China. Fuck Chuck Schumer. Fuck Donald Trump. Fuck the DNC. Fuck the RNC. They all have one thing in common: they're the enemy of the American middle class.
I don't think I ever denied that though? Only that there are burdensome aspects to being the world's reserve currency (like running a trade deficit) which no other country is willing or even realistically capable of taking on. The Fed can do a lot of things that have tremendous impact on the global economy at large, particularly as it pertains the liquidity of financial markets.
There's plenty of people who would seem blissfully unaware of it, including those who pen articles for major news outlets. I don't know if it necessarily makes them a "moron" as much as it does misinformed - if they aren't deliberately spreading propaganda, of course.
Your "burdensome" aspect was that the US needed to keep and increase a massive deposit of gold.
But you already pointed out an statement that says that the entire US trade deficit is based on fiat currency, basically the Fed can in a second create out of nowhere enough money to pay all those deficits.
How is that burdensome?
No, those people are just morons, or deliberately spreading propaganda to morons. No form of debt works that way.