Chinese Manufacturer Jumps Ship to Build in the USA! Plenty More Where That Came From
Thanks to Bill Clinton and NAFTA American manufacturing has been obliterated.
Since then, Globalists have made matters worse with their anti-American policies.
However, that’s behind us.
As Donald Trump ushers in his America First agenda, complete with enticing lower tax rates, new businesses will continue to flock over, boosting our economy.
From MSN:
While it has been said for a long time that the U.S. is bleeding manufacturing jobs overseas, particularly to China, some businesses have been moving operations the other way round.
And now, the head of a leading Chinese glass maker making the same move has openly questioned if his country really is such a lucrative destination for offshore factories, reports Hong Kong newspaper the South China Morning Post.
Overall speaking, the tax burden for manufacturers in China is 35% higher than in the U.S., Cao Dewang told China Business Network in an interview. He added that a combination of cheap land, reasonable energy prices and other incentives means that, despite higher manufacturing costs, he can still make more money by making glass in the U.S. than by exporting Chinese-made panes to the U.S. market.
His company, Fuyao Glass, has invested over $1 billion stateside, according to the Post, the most significant move of which is opening its U.S. factory in the Ohio town of Moraine, a suburb of Dayton, back in October. The glass maker is re-purposing the town’s former General Motors assembly that had been standing empty since late 2008, as the Dayton Daily News reports.
H/T – Young Cons
Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can follow her on Twitter here and Facebook here.
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ECON 101 never teaches you the economics of the great Friedrich List (August 6, 1789 – November 30, 1846) who was a leading 19th-century German-American economist who developed the “National System”. In a nutshell, a nation’s wealth IS ITS PRODUCTIVE CAPACITY (yep, the fruit trees not the fruit although the latter is important). Wealth has to be produced. It just doesn’t come out of the woodwork. Thanks to the Dems we lost over 70,000 factories (the fruit trees). As a result of this terrible loss we are suffering from “secular stagnation” and “under-employment equilibrium.” In plain English, the GDP sucks, and most of the jobs are chump-change part time jobs. Oh, btw, Cao Dewang is a very smart guy. He is going to make a lot of money and so will America.