@AlanTonelson: The damage done to US mfrs [by Chinese trade] has been so grave for so long that it stands to reason that blowback to the US domestic supply chain now won’t mean much. Foxconn moving to India to manufacture iPhones.
Photo: Two iPhones: henceforth to be made in India.
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Alan Tonelson, independent consultant who blogs at RealityChek (@AlanTonelson); in re: Andrew Collier has done research on Chinese websites: 90% of the people looking for jobs were out of work. Apple announces a downturn because of China. No answers from Xi’s speech of a few weeks ago. A Chinese downturn: is the US mfg base ready for this? Has the global supply chain raced to fill in [the gap as mfrs leave China?] The damage done to US mfrs has been so grave for so long that it doesn’t stand to reason that blowback to the US domestic supply chain now will mean much. Too soon to see about moving US mfrg back from China, but executives say that many of them want to make plans to move out of China. Europeans, too.
In the FT: The future might not belong to China: Replicating the success of other high-growth economies is about to become far harder
https://www.ft.com/content/ae94de0e-0c1a-11e9-a3aa-118c761d2745 . . . Foxconn moving to India to manufacture iPhones. “It's step on their necks time!”