Trump orders U.S. firms out of China after Beijing sets new tariffs
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Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#2> It’s unclear what legal authority Trump would be able to use to compel U.S. companies to close operations in China or stop sourcing products from the country
By unclear, they mean no legal authority.
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#3It's hard to just pick up and switch when you are so entrenched.
That said, I would love if more US companies built stuff here in the US. Yeah, prices might be a little higher, but at least we aren't exploiting the labor of vulnerable people in foreign countries anymore.
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#4It's hard to just pick up and switch when you are so entrenched. That said, I would love if more US companies built stuff here in the US. Yeah, prices might be a little higher, but at least we aren't exploiting the labor of vulnerable people in foreign countries anymore.
I don't know. People in developing countries choose to work long hard hours because it's better than what they've had and they all want to better their condition. It's not perfect, but better than the alternative.
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#5> “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
What a weird tone. Is that a thing in the US? Can the president (legally) order companies "home"? Doesn't sound like "land of the free" to me.
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#6> It’s unclear what legal authority Trump would be able to use to compel U.S. companies to close operations in China or stop sourcing products from the country By unclear, they mean no legal authority.
Does Beijing have legal authority to compel the reverse, or does it rely on appeals to patriotism and backchannel enforcement to get it done?
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#7> It’s unclear what legal authority Trump would be able to use to compel U.S. companies to close operations in China or stop sourcing products from the country By unclear, they mean no legal authority.
It can also mean that the writer, in a rush to get the story out, does not have time to get informed opinions to make a point.
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#8Orders US firms out of China? I was not aware that the president had such authority.
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#9> “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” What a weird tone. Is that a thing in the US? Can the president (legally) order companies "home"? Doesn't sound like "land of the free" to me.
Absolutely not. It's not remotely a thing, and would not withstand any scrutiny whatsoever.
Re: Trump orders U.S. firms out of China after Beijing sets new tariffs
#10> “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” What a weird tone. Is that a thing in the US? Can the president (legally) order companies "home"? Doesn't sound like "land of the free" to me.
Maybe not home but can compel them not to do business with China, e.g. Iran.