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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (40982)	4/25/2025 6:50:01 AM
From: skinowski	3 Recommendations Recommended By ajtj99 Clam digger skier31 Respond to of 41420

>>>I've been dealing in international trade nearly all my life<< I wasn’t aware of that, aj. I doubt that dumping - in a sense of exporting goods at below their cost for the purpose of undermining the industry of an importing nation - ever existed , at least not to a serious extent. What private enterprise could afford it? (And socialist nations are, generally, broke - and quite uncompetitive). What actually happens is that some nations become more productive, make goods at a lower cost - and are able to sell them profitably - at a lower cost. Whether they pay their workers less, or are they more automated and so on - is a separate question. Read that the Russian weapons companies are producing 155mm artillery shells for their military at $600 apiece. Western companies (in that article, it was about the German Rheinmetall) sell them at $6000 and higher. So, had the Russians offered to supply them (as they probably do, to their friendly states) at $2000 - would that be “dumping”? In this situation, with Cambodian solar panels you mentioned - I greatly doubt that they were offering those panels below cost. Those Cambodian producers were simply capable of outcompeting us, by a wide margin. So are many other Asian producers. People often say all this happens because their wages are low. But then, why is China installing every year about as many industrial robots as the rest of the world combined? Automation is happening, and it’s unstoppable. And it could be the way of placing ourselves at the same level of costs and productivity as any export economy. Attempts to slow down China by denying them access to American chip technology failed - because, having denied them chips, we didn’t even try to use the time to advance our own productive capacity. They build automatic factories and AI - controlled ports. We build better computer games. (This may be an exaggeration - but it points to a problem). We can apply any tariffs we want - and say that any trade balance is “unfair” - but in the end, we need major change in the way we do business.