U.S. consumers got hooked on cheap Chinese imports but the coronavirus is about to expose what a HUGE mistake this was

Monday, February 10, 2020
By Paul Martin

by: JD Heyes
Monday, February 10, 2020

For more than two decades, horrible trade arrangements and political graft gave China a huge economic advantage over the U.S.

As American economic growth slipped from 4-5 percent per year to a ‘new normal’ of between 1.5-2.5 percent, Chinese economic growth skyrocketed to annual double digits.

The money has allowed successive Chinese leaders to modernize their country and their military at the expense of U.S. economic and national security. And with its wealth — now the No. 2 economy in the world — and a massive market of 1.3 billion people, China’s influence is growing around the globe.

Even as American politicians and presidents like Bill Clinton cozied up to the Communist regimes, ‘unofficially’ soliciting donations and allowing top secret information to be pilfered at will, U.S. corporations and retailers have increasingly turned to Chinese factories to help fill domestic store shelves.

Mega-retailers like Walmart are especially guilty. For years, the chain has put forth a ‘mom, pop, and apple pie’ persona while going behind the backs of American manufacturers to buy more cheaply from China.

The result was predictable: Continued hemorrhaging of U.S. jobs and manufacturing capacity to Chinese competitors who, for the most part, were only undercutting American-made products by negligible amounts.

Now, however, the legacy of corporate China pandering is about to come crashing down, and once again, it’s the American consumer who will be hurt.

As the coronavirus — believed by some to be part of a Chinese bioweapons program — continues to spread and kill, Communist authorities in Beijing are clamping down further to isolate the outbreak and limit its reach.

Measures include widespread quarantines, even of entire cities, according to some reports, which is leading to production slowdowns and cuts at factories all over the country. Factories that produce all the cheap goods sought by retailers like Walmart and e-tailers like Amazon.

‘Just-in-time’ supply chains fail…without supplies

The Rest…HERE

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