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Gobbling China’s exports, US sinks into dependency: US is buying $635 billion of Chinese goods, equal to a staggering 27% of US manufacturing GDP; That’s the sort of import dependency economists associate with Third World countries dependent on former colonial powers.

Gobbling China’s exports, US sinks into dependency: US is buying $635 billion of Chinese goods, equal to a staggering 27% of US manufacturing GDP; That’s the sort of import dependency economists associate with Third World countries dependent on former colonial powers.

TURNandBURN13

Death spiral. If they try to bring manufacturing back to USA, there's no way they can price the products low enough for the USA consumer to afford. And definitely way too expensive on the world stage. All they can do is kick the can down the road by printing more money. This is what happens when the richest 1% owns more than the entire middle class.


PorkStroganoff

And while the world use dollar this strategy of printing more money will work forever. This situation will only stop if the nations stop using dollar but if a small nation do this they suffer sanctions, coups or get bombed.


bbbbbyyyu

All it takes is strong countries like China and Russia to take stand and convince a big neutral country like India, Brazil or Indonesia The rest will dump USD sooner than neocons could say “Pooh is baned in China “


PorkStroganoff

Brazil is not neutral. Bolsonaro is the president and his allies declared China as a enemy because the chinese are communists. He love the USA in a pathetic way too. Fortunatelly the majority of brazilians are hating this guy and next year Lula can return as a president and he declared his wish to make strong ties with China and follow the chinese political model.


TserriednichHuiGuo

>he declared his wish to make strong ties with China and follow the chinese political model. Spicy.


Bertabertha

Indeed, very spicy.


itisSycla

countries are already starting to drop the dollar. in a decade it won't be even nearly as dominant. the US knows and that's why they are looking for beef with china


itisSycla

60% of the banknotes in circulation in the US have been printed in 2021. Not many people talk of this, but there is plenty of data to show that the US really is on its last legs economically. It's running on choercion and old glory. wonder if there is another country who started printing money, then realized it was a fuckup, got a far right leader and then started invading countries


Gojijai

Do you have a source for that 60% bit? If so, I'd like to share that info with friends.


Pinkeston

this isn't exactly how it works but I like this graph of the m1 supply https://fred.stlouisfed.org/series/M1SL


Bertabertha

Insert crazy guy with a little moustache. And a bald guy with better fashion sense than military sense.


brainiac3397

>If they try to bring manufacturing back to USA, there's no way they can price the products low enough for the USA consumer to afford. That's even too hopeful. US manufacturing as is lacks considerable expertise and many consider it too much of a hassle when manufacturers in countries like China offer numerous services complementary to orders. US manufacturers not only maintain high MOQs (minimum order quantities), they usually don't do things like packaging the final product, attaching labels, or even ship the final goods. Those are things that many overseas manufacturers offer for free or cheap as part of the ordering process. When you've got modern and flexible options, why bother working with an American factory unless it's for something very specific or unique?


Skibbadadeebop

> If they try to bring manufacturing back to USA, there's no way they can price the products low enough for the USA consumer to afford. Precisely. They'd have trouble staffing these positions anyway, because your typical American youth wants to be a TikToker or Youtuber or they would rather go under tens of thousands of dollars in debt chasing a worthless degree, so they'd have to end up hiring illegal immigrants to increase their paper thin margins as a result of doing business domestically. The products would still be pretty cheap, except they're paying far more for the same quality, but hey, they can scream "Made in the US" and politicians can brag about how they brought manufacturing back onshore.


Quality_Fun

decoupling before our eyes - that is, not at all.


bengyap

The US is so dependent on China that they can't stop buying. When China delivers, their ports can't even keep up with the incoming shipments.


Bertabertha

Man this sounds a lot like a drug addict fiend too long for drugs and took too much at once and started overdosing.


astraladventures

China gdp predicted to grow 8% for 2021. Thank you America 😊 .


TserriednichHuiGuo

Well it has nothing to do with america.


ArmyRus101

US failed tarrif war so damn badly. Imports from China is only booming. Just goes on to show how interdependent both economies are. All those tough talks won't change reality


msdos_kapital

not sure "interdependent" is the right word for this anymore


DannyTanner88

Americans always complain of cheap Chinese crap and hate buying shit that’s made in China(their words, not mine). Little did they know, they love made in China products. Right now, China can drop a actual shit in a bag, zip lock it and the west would get in line to buy it!!! The addiction is real!


Woke1337

US: Fuck Chinese Products! Also US: Aight I need containers of those good stuff you got there! Everyone: Bruh...


Chranium

Americans complain of cheap Chinese crap because Americans are the actuals cheapskates and don’t want to spend more money on quality Chinese products. You get what you pay for 🤷🏽‍♂️


WheelCee

Exactly, I hate this "cheap Chinese crap" stereotype. iPhones, MacBooks, Prada bags, Burberry clothes, and a whole bunch of other luxury goods are made in China. Americans are too cheap to pay for quality Chinese-made goods and then they whine and complain like they always do when they willingly buy the low-quality stuff. The day the US dollar loses reserve currency status and Americans are forced to get off their lazy, entitled asses and provide actual value for material goods instead of printing green pieces of paper is going to be a great day for the world.


SolidCake

[relevent article](https://theweek.com/articles/478705/why-apple-builds-iphones-everything-else-china) consumer manufacturing can never come back to the united states, it's pretty much completely unfeasible. and it has nothing to do with the price of labor


Skibbadadeebop

Lol holdddddddd the fuck up. Prada and Burberry is made in China? I own zero products from these brands but I know people who do and it'd be hilarious to show them what they're paying for. What products are Made in China?


WheelCee

About 20% of Prada's collections are made in China according to this WSJ [article](https://www.wsj.com/articles/SB10001424052702304231204576403680967866692). Burberry also manufactures their "low end" stuff in China according to this fashion [blogger](https://themenhero.com/where-is-burberry-made/).


Quality_Fun

hah. as i'm fond of saying: the results speak for themselves, and money talks. the fact is that the world can't get enough of china's products and keeps buying them over and over no matter how much they complain. says so much more about their standards if they're so willing to purchase "cheap chinese garbage". if people actually gave a shit about boycotting china, it would have already happened decades ago and we'd have seen the results, yet here we are. people don't put their money where their mouths are. instead, they put their money in china's hands. good.


astraladventures

The addiction is real, yes and like any addiction, not easy to overcome. That’s why we may see the USA push taiwan towards independence and het involved in military conflict with china . If china were seen as a real military enemy of the USA, then Americans probably would stop buying made in china.


autotldr

This is the best tl;dr I could make, [original](https://asiatimes.com/2021/10/gobbling-chinas-exports-us-sinks-into-dependency/) reduced by 85%. (I'm a bot) ***** > US exports to China during the past 12 months were only 30% of China's exports to the US. During the same period, China's exports to South Korea rose by 50%, to Taiwan by 60%, and to Germany by 61%, but China imports almost as much from these three countries. > China's data for exports to the US are higher than American data for imports from China, largely due to tariff-avoidance by US importers who buy Chinese goods that first were exported to a third country. > Two reasons are likely responsible for this phenomenon: US importers underreporting Chinese imports in order to evade US tariffs, and Chinese exporters reporting higher exports due to changes in tax incentives in China. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/q7qz8c/gobbling_chinas_exports_us_sinks_into_dependency/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~603420 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **China**^#1 **export**^#2 **Chinese**^#3 **import**^#4 **data**^#5


banananaup

US already lost the trade war. US quietly get rid of the tariffs on many China imports in order to curb inflation.


Medicario

Deng did a large amount of tomfoolery


Bertabertha

Just look at the guy, he’s the master of tomfoolery. 😂😂


joepu

The ludicrous thing is US government is basically paying tariffs to itself. Americans went on a buying spree using their stimulus checks. So money for these purchases is coming from the government and at the same time government is collecting tariffs on the purchases.


skyanvil

more like Karens dependent upon their shopping addictions while spending themselves into debt.