If China stops manufacturing of products for US, what will happen to US economy?

Answer 1

There would probably be shortages and hyperinflation as American and other nations' firms would be unable to keep up with U.S. demand for cheap crap. Our beloved politicians would try to assert their role as our benevolent buddies and enact disgustingly inefficient, ineffective economic policies theoretically aimed at "fixing" the problem byt would probably end up making things worse. Further, there would NOT be the big boost to U.S manufacturing jobs many people would expect, simply because manufacturing in the US is expensive and the new quantity of goods demanded from US firms would end up being a fraction of the quantity cut off from China. There would probably be an outright economic depression.

China, on the other hand, would experience mass famine and probably civil war.

Answer 2

I propose that the better decrease for contributions be finished away with, and that the optimal payouts in retirement nevertheless proceed to be as they're, adjusted for inflation. Social safe practices isn't a "supply away" software yet one which all of us make a contribution to love a mark downs plan, and could be shielded from different makes use of by the authorities. Do you agree or disagree and why? if you're so fearful about it then why no longer; first placed it back into the personal sector and make to were no can take out money from it for his or her personal activity, 2d pay back each penny you've borrowed from both Social safe practices and Medicare, 0.33 take the unlawful immigrants off of it and those who come over right here yet not in any respect paid a penny to it, and ultimately have it a similar for each individual; in different words authorities officials are to participate in it and in the experience that they favor something extra they do it on their personal with out the tax payers funding it?yet, the commercial stytem feeding the imbalances had not in any respect been extremely replaced. They, a collection of scholars, stated that all prices of activity will be 3% or a lot less for each individual to change into wealthy if wanted (that could want to be real also to taces). the desirable monetary situation will be, they stated, even as there have been no prices of activity. Why no longer try this answer? the wealthy would nevertheless be wealthy. My question is: even as soial safe practices will change right into a topic suitable to federal debts, why no longer paintings with a balanced or income budget and spend no more desirable than is equipped in, as any kin has to attempt for? Why no longer ban all loobying presents in order to get guidelines that serve the country? God bless usa of america.

Answer 3

It will hurt the economy, but the economy will recover. I however will have nothing to decorate in my boat. Things don't last long on a boat, so I buy cheap & cute. Lots of lower income people would be hurt by having to buy other than China's cheap merchadise

Answer 4

It is other way round - what will happen to Chinese economy. China is producing two types of things one for US market and other for local and asian market. Lot of difference in the quality of two products of same nature and function. America will find some one else to do things for them.

Answer 5

Probably nothing, companies would just find other places to manufacture their products. It probably would be more of a nuisense to China.

Answer 6

US brands will cost more in the Global market and may not be very competitive with the products from other countries.

Answer 7

There will be no lack of poor nations willing to take over, for even less than what it takes for China to do it today.

Answer 8

US will import the products from the other counties, such as Tailand, India and so forth. Maybe US will have to pay more money to the new suppliers.

Answer 9

prices would rise since cheap labour as cheap as china isnt available. Rised prices means less money in peoples pockets, which means less purchases, which means cut jobs to cope with the decrease in sales, which means unemployment! u kno the rest ;)

Answer 10

It would totally boom, then go bankrupt and we'd starve to death because first, we'd have to buy our own products, but prices and greed would rage out of control causing a haulocaust of fat people eating each other!