Editors note: The US should be dominating the whole supply chain for electric cars. China has no problem strong arming foreign companies, yet we debate about it here. Beijing built the world’s largest EV market, then pressured foreign car makers to use its batteries [Trefor Moss | November 3, 2019 | WSJ] SHANGHAI—A little-known Chinese…
Editor’s note: China decoupling needs to happen. Richard Spencer says America is at risk of relying on China and Russia for warship parts [November 5, 2019 | Financial Times] The US navy secretary has warned that the “fragile” American supply chain for military warships means the Pentagon is at risk of having to rely on…
By Steven L. Byers, PhD, CPA Senior Economist The US trade deficit in goods and services for September 2019 fell 4.7 percent or $2.6 billion, to $52.5 billion, as imports declined more than exports. The September decrease is due to a $2.7 billion decrease in the goods deficit, to $71.7 billion, and a decrease in…
Editors note: Chinese owned Smithfield Foods shipping pork to China amidst Asian swine flu problems. SMITHFIELD, Virginia (Reuters) – Smithfield Foods’ slaughterhouse in Virginia used to carve up pork for American sandwiches and holiday dinners. But workers now box up pig carcasses to ship to China, according to employees, local officials and industry sources. [Tom…