By Tank Murdoch
(TNS) Fox Business Network’s Maria Bartiromo had some really bad news for China during an appearance on sister network Fox News Thursday: Kiss a lot of your manufacturing goodbye.
Oh, and you can thank your miserable mishandling of the Wuhan coronavirus for it.
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During an interview with Sandra Smith, the host of “Sunday Morning Futures†spoke about moving the supply chain back to America after the massive supply chain disruptions caused by the outbreak, which idled scores of ChinaCo factories after tens of millions of Chinese workers were quarantined.
After a massive hit to the U.S. stock market and other economic fallout, the end result surely will be the rush to move production out of China and back to other countries including the United States, so we don’t get caught flat-footed and wanting the next time a deadly virus escapes China (two in 18 years).
It’s also likely to happen a) because President Trump is an “America First” guy; and b) the virus also exposed the fact that the U.S. government has become too depending on China for products and goods.
“We need to change that mentality, we need to make sure the production is happening in American and our own vital institutions, that really they are probably the bulk of buying when it comes to health care products, in the government, they need to start buying American as well,†said Bartiromo.
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“There is going to be a major shift on the part of corporate America as well as government agencies to focus on production in America,†Bartiromo continued.
“That’s why I think this crisis, over the long term, is gonna be bad news for China because American companies are not going to trust that China will keep to their contracts,†she said, adding that the U.S. will be “much more prepared†in doing business with the communist nation in the future.
In fact, the supply chain shift out of China has already begun, as we reported earlier this month:
Thanks to the virus’ spread and continued factory production slowdowns in China, U.S. supply chains for all kinds of things ranging from consumer goods to medical supplies needed to combat the virus at home are in short supply. The reason is simple: When your own economy is so massively intertwined with the economy of just one other nation, it only stands to reason that your country will suffer when that other country has a major problem producing the goods you need.
As such, U.S. companies are accelerating their plans to move operations out of China to neighboring Asian countries like Vietnam, Taiwan, and Thailand.
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While we’d like to see more of that manufacturing come back to the U.S., overall foreign investments in America are up in the Age of Trump. In July 2019, the U.S. Bureau of Economic Activity reported:
The foreign direct investment in the United States position increased $319.1 billion to $4.34 trillion at the end of 2018 from $4.03 trillion at the end of 2017. The increase mainly reflected a $226.1 billion increase in the position from Europe, primarily the Netherlands and Ireland. By industry, affiliates in manufacturing, retail trade, and real estate accounted for the largest increases.Â
GOT SOMETHING TO SAY? COMMENT BELOW
This is what Biden wants Americans to ‘ unite ‘ with - Communists
Correct post, as Biden & Family have made MILLIONS not only from the Ukraine, but ALSO FROM CHINA. Pelosi makes her Millions off shore, as do MOST OF THE CAREER POLITICOS…..TRUMP NEEDS TO CHANGE ALL OF THIS, AND MAKE THESE DEEP STATERS ACCOUNTABLE TO “WE THE PEOPLE, NOT THEIR PERSONAL FORTUNES” We in America have had ENOUGH of the Corruption, Money-Making, Money-Laundering like the Clinton’s, Obama’s, John Podesta, McConnell, etal. TIME TO SHUT DOWN THEIR ‘GRAVY TRAINS AT OUR EXPENSE, WHILE WE WORKED OFF OUR ASSES, AND THEY HARDLY SHOW UP IN CONGRESS, AND TAKE VACAYS, AT “OUR EXPENSE”….SHUT THEM… Read more »
We should never have helped these dirtbags out of the third world.
President Trump should short payment to red china on our debt. Subtract what the damages were, and if they complain, increase tarrifs. I wouldn’t even trade with these bastards. They are the enemy.
GREAT SOLUTION .50cal. I HOPE POTUS TRUMP DOES “EXACTLY THAT”
People have died from Chinese imported drugs that were no more than sugar pills. The exported poisoned dog food. Can’t imagine.
They get away with this crap because they have bought off the powers that be. Clintons being one of them.
The clinton crime family as well as barry HUSSEIN o. HANG these bastards along with the rest of the fascist left.
China is still in the third world. They still to this day do not have sanitary plumbing or even toilets. Squat Toilets which are holes in the floor allowing feces to spatter about. Raw food in open outdoor markets with dung flies sucking over it spreading parasites and disease. It is no wonder they are sick. The Government does not spend money on sanitation, pure drinking water for small villages throughout China. The Technology China has is what the UK and USA gave them.
All well and good but they’re a f’g powerful third-world country. Not to mention, they have a zillion people running around that place. Shear numbers are daunting. We need to rise up against that evil empire and destroy it.
Amen, Amen and Amen!!!
It is not enough to move manufacturing out of China- it must be moved back to the U.S.
they all need to come back to the usa. augment offshore, but main production here.
We should NOT worry about ANY businesses abroad, and become 100% Independent and have ALL OUR MFG., Medical Supplies, Anti Biotics, etc. MADE IN AMERICA. When will the Politicos Learn, that “We KNOW YOU MAKE ‘KICKBACK MONEY BY DOING THE OFFSHORE PUSHING FOR THE FOREIGN INDUSTRIES, SO HOW ABOUT TRYING TO ‘BRING BACK AMERICA’S VAST MANUFACTURING IN ALL BUSINESSES…..AND MAKE US TRULY “INDEPENDENT AS THAT, IS THE ONLY WAY TO GO, AND NOT GET SCREWED BY FOREIGN NATIONS.” POTUS TRUMP, CAN DO THIS, JUST AS HE’S ACCOMPLISHED OUR BEING “FREE OF FOREIGN OIL, ETC.” AND NOW, WE’RE ENERGY INDEPENDENT.” The… Read more »
QUALITY ws “Made in USA”, before the COMMIE New World Order Crew got elected/INSTALLED by the Central Bankers in DC.
Agree with Maria on this. U.S. manufacturing should make an even bigger comeback than previously anticipated, and Trump did take a seminal trip to India. Think about that.
And the last people we need leading us are people with economic ties to China, like Bloomberg and Biden.
The inexpensive manufacturing, can most certainly be picked up by India, both a democracy and a strong ally. They also have a very robust pharmaceutical presence. I wouldn’t be surprised if our great POTUS talked with Modi about it last m0nth.
India is just as much third world as China.
Of course but that wasn’t the point! INDIA IS A DEMOCRACY…………….AND AN ALLY…………….China is the ENEMY!
Just a suggestion. After you build the factories in the U.S. don’t pack them with Chinese imported labor.
I THINK HAVING TRUMP AS PRESIDENT IS GOING TO HELP IN THE LONG RUN OF BRINGING COMPANIES AND FACTORIES IN CHINA BACK TO AMERICA, BUT I REALLY WISH THEY WOULD “ALL” COME BACK AND NOT HAVE SOME OF THEM IN OTHER FOREIGN COUNTRIES AT ALL. WE NEED TO BE SELF-SUFFICIENT IN EVERYTHING THAT HAS BEEN SHIPPED OUT OF THE U.S., AND LET US “NOT” FORGET, THAT IT WAS THE GREED OF THESE COMPANIES IN THE FIRST PLACE IN WANTING TO SAVE MONEY OVER WORKERS WAGES, THAT LED TO THIS INSANE MOVE. THINK ABOUT HOW OUR FOUNDING FATHERS WOULD HAVE THOUGHT… Read more »
Thanks Boyd , I couldn’t have said it better myself ! Bill “Blowjob” Clinton is responsible for much of this madness . For a big payoff , he opened the doors to U.S. company’s sending work to China , using the LIE that we needed to help the poor Chinese people to pull themselves up by their bootstraps . WRONG ! All that did was drag U.S. manufacturing down to their level . And GREEDY U.S. CEOs jumped right on that , to fatten their own pockets . The company I worked for , for 30 years , did just… Read more »
If manufacturing were to come back to the United States in full force, be ready to pay significantly more. I’m all for that only because of the benefits it brings to this country. Wal-Mart and some others wouldn’t exist if not for cheap chinese labor. Understandable that U.S. companies went the route of cheap foreign labor (and the consumer has benefited mightily as well) but in the end, the greatest benefit is national security, jobs and the decrease in influence of the chinese around the globe. Heavy moves they would be and heavy consequences if war broke out.
Americans need to awaken and understand their localgov/stategov/fedgov politicians and ruling elites are NOT about the USA and Americans. It is about themselves and their dream of globalism. How did the ChiComs get the capability to manufacture what they do ? Our federal government at the behest of many large, USA corporations allowed the transfer of our industrial research, our technology and our factories lock, stock and barrel to the ChiCom mainland. How ? Courtesy of Bill Clinton and the majority Republican 106th CONgress, when in 2000, 20 years ago, the CONgress passed the bill “Permanent Normal Trade Relation”, PNTR,… Read more »
If anything good at all can come from the COVID-19 virus is that manufacturing come back to the USA. Pharmaceuticals, All medical devices, All food, Car / Truck Parts. All things vital to the National security of this nation.
Get it right………………………CHINESE VIRUS or if you prefer, Wuhan Virus.
Unless the return of manufacturing is coupled with powerful laws against fiat banking and the housing and employment of foreign invaders, it’s pointless. If the chosenites can’t exploit foreign countries, they’ll just exploit foreigners while manipulating currency. First confiscation of globalist banks and corporations, then imprisonment for treason, then mass deportation, then redistribution to Americans, and then you can have domestic manufacturing again.
Gee. We didn’t know she ran the country.
“…too depending…” ??? How ’bout, “dependent”??? Did this guy get a degree in journalism? Or even pay attention in English class?? I’m a full-fledged conservative but come on buddy! Put some effort into your grammar!
There’s one man still living that you can Thank for all of this and He has a Side Kick.
The Mans name responsible Is none other Than Ole Henry Kissinger. Henry is the Go to Guy that will set you up with an Audience with the Chi-Coms to do business in their country.
Henry has a Fee, Cost is $Millions Payable to Him. Think of it like this, No Money No Honey..!!
The Other is none other than George Soros. Both are my Jewish Brothers but they are Very Dirty…
Bartiromo Girl, Don’t be so hard on the Chi-Coms.
They are the Slant Eyed Yellow Men. Known for not being very Smart as we now know and Canada you should be ordered to pay half of the Disruption because you gave the Dumb Chi-Coms the Virus.
See what happens when idiots are let out of the House called Stupid.
https://www.thegatewaypundit.com/2020/03/sordid-images-of-emerge-of-naked-and-passed-out-democrat-andrew-gillum-at-miami-hotel-party/
Hmmm, this looks like homocommunism to me.