09-20-2018, 11:52 AM
(09-20-2018, 09:15 AM)BigMark Wrote: If China could make the stuff they buy from us they would already be doing it, let's bring some stuff back home. It does make me nervous...
Most of the revenue dollars the U.S. receives from exports to China comes from agricultural and natural resource products, which is geography-dependent (not know-how specific).
The Top 10 US Exports to China
1. Soybeans: $15 billion
2. Civilian aircraft: $8.4 billion
3. Cotton: $3.4 billion
4. Copper materials: $3 billion
5. Passenger vehicles (small engines): $3 billion
6. Aluminum materials: $2.4 billion
7. Passenger vehicles (large engines): $2.2 billion
8. Electronic integrated circuits: $1.7 billion
9. Corn: $1.3 billion
10. Coal: $1.2 billion
https://www.chinabusinessreview.com/what...-to-china/
China is now getting soybeans from Brazil and negotiating with Russia, South America, and Europe on some of the other products on the list above.
The U.S. has the know-how to produce the manufactured goods we import from China, but we can't produce and sell them domestically nearly as cheaply in most cases. Thus, the consumer price of such manufactured goods would increase significantly if produced here in the U.S.