re: U.S. companies are finding out they don't own their own factories in China

quote:

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People keep saying this, but it was moved to China because everyone insisted on cheaper and cheaper options.

The consumer did this, the consumer does everything, when people stop buying it or supporting American made exclusively, that is what we will see. That is how the market works.

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FACT!
And this is exactly why the Federal government is supposed to charge TARIFFS instead of domestic taxes such as the Income Tax.

"From Wikipedia, the free encyclopedia
(Redirected from Tariffs in United States history)

The tariff history of the United States spans from 1789 to present. The first tariff law passed by the U.S. Congress, acting under the then-recently ratified Constitution, was the Tariff of 1789. Its purpose was to generate revenue for the federal government (to run the government and to pay the interest on its debt), and also to act as a protective barrier around newly starting domestic industries.[1] An import tax set by tariff rates was collected by treasury agents before goods could be unloaded at U.S. ports.

Tariffs have historically served a key role in the nation's foreign trade policy and as a source of federal income. Tariffs were the greatest (approaching 95% at times) source of federal revenue until the federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports.

Tariffs were the main source of all Federal revenue from 1790 to 1914. At the end of the American Civil War in 1865 about 63% of Federal income was generated by the excise taxes, which exceeded the 25.4% generated by tariffs. In 1915 during World War I tariffs generated only 30.1% of revenues. Since 1935 tariff income has continued to be a declining percentage of Federal tax income."