gordeon Wrote:
Sep 04, 2012 10:48 AM
I remember a businessman being interviewed on TV here who said he spent months trying to get permits for a factory to try out his idea, and then he finally went to China, got a handshake, and a week later the factory was being built - in China. Others have said that the cost of production of their product in China was 1/10th of the cost here. So a policy of slapping tariffs (i.e. taxes) on Chinese products is just a band-aid. Yes, they have cheap labor, and they steal patents, but thats not the whole story.