Quote:
Originally Posted by HOZ
Japan...deja vu! Like 1980 all over again. What is interesting is that the Japanese where spilling untold cheap "crap" onto North American shores. During Reagan's reign the congress set up tariffs to make things more level. So Honda, Toyota, etc...just set up factories in NA and just hired American and Canucks.
Lesson....
Toyota is now the biggest car manufacturer in history and they hire more people outside Japan than in it.
Go Capitalistic CHINA!!!!
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And this is the thing, this Chinese plan for America doesn't boost employment, probably won't generate a whole wack of tax benefits, and allows China to get around the customs and tariff issues.
I would love to see a U.S. President stand up and say "Truthfully China, you need our money way more then we need your badly manufactured, cheap potentially dangerous goods, either open your market or well tariff the crap out of it to make Chinese goods more expensive then American goods in the States"
The Japanese at least provided some benefits to their trade, they created jobs in the States, and they to an extent allowed American access to their markets.