Quote:
Originally Posted by crockett
You are missing what I said. There is a very large and growing middle and rich class in China and they "want" quality American made products. They don't want cheap stuff that is made in China. Buying American made goods is a form of a status symbol there. It means you are rich enough to do it.
So while you ship stuff there which would likely be very cheap because the trade deficit is so big you could then turn around and export stuff as well. The shipping container goes both ways...
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What are quality American products? I know Germans make great cars and clocks. Anything we send over like our clothes will be copied for pennies on the dollar. Textiles used to be huge for US, but now it always goes to the cheaper not better...so most of that has been taken over by India. Its tough to compete with slave wages plus a country that has their currency artificially pegged to keep their exports going to the USD