Posted by Hay hay hay on April 17, 2018 at 09:31:16 from (98.20.114.180):
In Reply to: Tariff Question posted by John in La on April 17, 2018 at 00:02:02:
The real question is "did China buy Smithfield to gain a supply of Pork for China?.. Or as a business investment to make and sell a product in the USA? I did not know the answer to that, but found a recent interview with the president of Smithfield and he said only 7% of Smithfild production goes to China.
A lot of folks are not aware that a Chinese company bought the USA General Electric Appliance division and operates it here in the USA and the sells of most of those GE appliances in the USA. (so no tariffs except imported steel and Aluminum.
Toyota has numerous plants in the USA and those products are mainly sold here. (so no tariffs)
Products made here and sold here will not have any tariff.
A Chinese company now owns Volvo cars and they will be made in Sweden, Belgium and China. Apparently the plan is to bring Chinese built Volvos to the USA as the first China cars imported to America. I think there are also plans to build a Volvo plant in So. Carolina.
In the 1920's and 1930" American companies owned factories all over the world. Today many foreign companies own businesses and factories in America, a slow and steady but major global shift in ownership of industries. The Chinese apparently have so much investment cash available that they are searching the world for industries to buy.
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