.
Does that sound like the economy is crashing to you ?
Or that the US doesn't manufacture anything anymore?
US exports in september were $140.1 billion.
And before you mention imports or the trade deficit.
The American people control the trade deficit and imports, all we have to do, is stop buying foreign made products.
We don't need the government to mandate it for us.
2007-11-09 07:16:31 · 7 answers · asked by jeeper_peeper321 7 in Politics & Government ➔ Politics
We still manufacture automobiles and aircraft, along with a host of consumer goods.
The United States is also one of the top food exporters in the world.
Our government could help the cause immensely if it refused to set low import tariffs for nations who charge our products high tariffs. Our trade deficit with China is shameful!
I would like to see some of our China imports shifted to domestic manufacture or manufacture in the Western Hemisphere.
Whose economy would you rather help? China or Costa Rica?
2007-11-09 08:38:01 · answer #1 · answered by Warren D 7 · 1⤊ 0⤋
Have you ever heard of something called agriculture? The US is one of the world's premire exporters of agricultural products. Have you ever heard of things such as raw materials? The US is one of the world's primary exporters of raw materials of all sorts. We do manufacture things in the US but our imports of manufactured goods far out strip our exports. There are so few US made goods that the average person can afford these days. Try and buy something made in USA, if you can find something. If you do find something you have no choice but to buy the one item in that category made in US out of a dozen or so altoghether. Cheap labor, no strict laws and cheap materials off shore make for big profits and cheap prices at home. That's how it works.
Someone in the US is paid $8 to produce a product that is sold for $50. Material and transportation costs are about $20 that means $28 for the product and a profit of $22 providing it takes a whole hour to make the item, which it probably doesn't, it takes less. But let's for simplicity sake assume it does take an hour. Now let's imagine that same product made in China, Mexico, or India where a person is paid $.25 per hour for the same amount of work. The price stays the same but the profit goes up.
"The US trade deficit rose in May to 60 billion US dollars as Americans imported more oil and other goods, especially from China and other Asian economies, the Commerce Department said Thursday."
"The May reading marked a 2.3 percent increase from a 58.7-billion-dollar shortfall in the prior month, in line with economists' census forecast."
2007-11-09 07:44:10 · answer #2 · answered by Anonymous · 1⤊ 0⤋
When the US sends component parts to be assembled in Mexico and the completed product is brought back for sale here, the component parts are considered to be an export. It's all smoke and mirrors.
2007-11-09 07:25:02 · answer #3 · answered by Zardoz 7 · 2⤊ 0⤋
If you think the US manufacturing sector isn't shrinking then you're deluded. You might want to look up UOM to avoid further embarrassing yourself. Dollars and actual units are two different things.
2007-11-09 07:28:32 · answer #4 · answered by Holy Cow! 7 · 2⤊ 0⤋
i hold the belief that we NEED zero from china or any of those other slave labor producers.
but Americans are hooked on the mindless consumerism thing.
i watch every last pencil i buy to see where it's made.
2007-11-09 07:21:37 · answer #5 · answered by daddio 7 · 1⤊ 0⤋
I am no expert but could this be directly related to a weak dollar? Not saying that is a bad thing.
2007-11-09 07:20:19 · answer #6 · answered by One eyed pirate 3 · 5⤊ 1⤋
The radio said it was b/c the dollar has been declining.
2007-11-09 07:28:14 · answer #7 · answered by John V 5 · 2⤊ 0⤋