The U.S. Is Putting China Out of Business

This movement is the smartest thing our country has done for a long time and unfortunately is way overdue! For the last several years I have become more and more concerned about our reliance on Chinese goods and components, mostly the later due to the detrimental impact on our supply chains.

It seems that whenever I buy something on the internet that is not easily found here in the states, I have little choice to purchase a Chinese product. Not only are these products typically of inferior quality, but the advertising and instructions are so poorly written that it irritates me immensely.

I and many of my friends are like minded and we always try to buy products that are NOT made in China. I am very willing to buy a product made in the U.S.A. at a higher cost just to keep the profits in our country.

So yes, I am whole heartedly in favor of firing China and believe that many other Americans feel the same way!

— Dave

Thank you for the article on firing China. Since you asked for opinions from your subscribers, here is my two cents.

All is good with what the US is trying to do (by firing China). I am just concerned that many chip industry companies around the world may become discontent about the US preventing theirs from being sold to China. A prime example is the Dutch company ASML. This may backfire in the end.

Does the US still have the political and economic capacity to pursue such extensive pressure on so many countries and companies? I hope so. Time will tell.

— Brian

Yes, fire them. Why would we ever want to knowingly rely on a foreign country for anything we don’t have to. We are efficient, innovative and can be competitive when we want to.

Re-shore the manufacturing of goods once again. With our technology, robots and innovations we should be able to far surpass the entire globe competitively.

— (Name not given)

Absolutely must be done. Strong conservatives like myself were singing this song when they were taking all this to China in the first place. Now China has built a huge military that will be used against us and we are getting weaker by the day.

I am very afraid that 10 years will not be soon enough. Every effort should be expended to cut that timeline down.

— Steve

I like your optimism, and I too hope the current initiatives (including the Chips Act) make a difference in our domestic production of computer chips.

Unfortunately, most of what I see can only have a very minor impact on the factors that drove most manufacturing overseas in the first place.

Nearly all manufacturing is done by large international firms whose profitability is largely dependent upon supplies, labor costs, and distribution, and they will do their operations or out-source portions of their supply chains based on long-term economics not short-term incentives thrown at them by the current administration — that, with the other hand, is giving unions everything they demand while also inflating distribution costs.

This is a far bigger animal to tame than simply chips.

Keep up the good work.

— Gary

Every country on earth has to deal with supply and demand, imports vs exports, manufacturing/service industries, and the list goes on. When a crisis occurs such as a pandemic, all of these challenging areas become critical.

The only way that countries can get through these times of crisis is to have cooperation set up between the major players, for example the 15 or 20 largest economies in the world. That means a huge economy like California needs to be represented at the planning/negotiating table. And politics needs to take a back seat to getting a cooperative plan in place.

After all, we’re talking about economic survival. If a major player sinks, every other country suffers.

Nonpartisan, politics-free solutions are the only means that make sense.

— Lance

Let’s take into account all of the American companies that fired all their workers for cheap labor in China and other Asian countries. They deserve no support from our government. Let them pay their own way back.

— Robert

Yes indeed, it is high time the U.S. reestablished its position as the leader in Chip Technology and manufacturing for a number of reasons, not just economically but strategically as well.

We also need to get back in the forefront of energy research and development, especially nuclear. We’ve almost completely abandoned the one source of energy that is at once the most efficient but also the one that will need to greatly expand in order to offset the reduction of fossil fuel-based energy and enable the renewable and “green” energy sectors to become dominant.

The U.S. has so little involvement in nuclear energy that we have abdicated the future research and development to China, Russia and to some degree India in favor of premature and unsustainable reliance on wind and solar. Undoubtedly those will improve over time but not quickly enough to satisfy the energy needs we currently have let alone allow for normal growth.

— Stephen

I’ve long been in the habit of checking labels for point of origin — clothes, groceries, everything.

As a baby boomer I have seen our world go from NO television (we got one when I was 7 in 1957) to the amazing technology we have today.

My father, a World War II vet, always said that China would become the quiet menace in the background, undermining everything the U.S. did in its rapacious desire to dominate. WE have let that happen.

I read an article the other day that said if you removed everything in your house that was made in China your house would be empty.

I am ALL IN on any plan to make whatever we need in America no matter the increase in cost.

In our current financial and political situation we are weakened, and like a wolf stalking its prey, don’t think China doesn’t know it.

I currently have three semiconductor stocks in my portfolio and will buy more. It’s the future and American-made must rule!

— Phyllis

It’s about time that we wake up and stop feeding our sworn enemy. Long overdue!

— Robert

I have to comment on this subject.

Many years ago when I saw the move of the US buying everything from China I thought it was a mistake and I’m not a highly intelligent person at all. It made no sense to me and can’t understand how unwise that was and is. Especially since China is a Communist country! Why?

Finally something dramatic had to happen to shake some sense into that poor decision-making.

Hopefully we can buy made in America products sooner than 10 years. Good investment knowledge for the future!

— Therese

We should have done this long before COVID, not only from a financial point of view, but also from a strategic point of view. We outsourced to an undeclared enemy of the state and put ourselves behind the financial 8 ball not to mention the loans we took from China. Not only with chips but a wide variety of products.

This was a very short-sighted approach to profit making. When dealing with a country whose political theory is the polar opposite to your own you cannot put yourself in such a vulnerable position.

If it wasn’t COVID they could have interrupted the supply chain for any semi legitimate reason. Unfortunately CEOs do not think this way.

THUMP. Sound of me jumping off my soap box. 🤣

— Joe