If manufacturing moves elsewhere and a few million already disgruntled Chinese are out of jobs, Chinese government has big problems. Their impotent threat towards the US ag industry is also laughable when we produce 40-50% of the worlds soybeans and corn. Increasing food prices for the millions of unemployed workers is surely a winning strategy
Cheap labor is plentiful, there's only one US consumer market. China has no leverage here.
Cheap labor is plentiful, there's only one US consumer market. China has no leverage here.