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Started By
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More Tech Manufacturing Companies Exit China – Nintendo and Sharp Plan Exits
Posted on 6/12/19 at 5:13 pm
Posted on 6/12/19 at 5:13 pm
quote:
Against the intense leverage being applied by President Trump, last week Beijing doubled-down and threatened punishment against any company that would leave China and begin manufacturing elsewhere.
The totalitarian response was predictable and expected. However, also predictable was the corporate response to the threats.
As we shared: “China is counting on prior western investment being so significant that a corporation will be reluctant to withdraw. However, in this outlook Beijing seriously underestimates the free market because communist controlled China doesn’t understand the action of a inherently free market.
The first loss is the best loss. If walking away from an investment provides more financial security and stability than attempting to retain a grip on a tenuous position – corporations will walk away.” (more)
Now today – “Nintendo Moves Some Switch Production Out of China”:
quote:
TOKYO— Nintendo Co. is shifting some production of its Switch videogame console to Southeast Asia from China to limit the impact of possible U.S. tariffs on Chinese-made electronics, said people who work on Nintendo’s supply chain.
It is another example of manufacturers adapting to the tariff threat. Taiwan’s Foxconn Technology Group said Tuesday that it was ready to move assembly of Apple Inc.’s iPhones out of China if necessary, and Japan’s Sharp Corp. , which is controlled by Foxconn, said last week that it planned to move production of personal computers to Taiwan or Vietnam.
Kyoto-based Nintendo has traditionally relied on the Chinese factories of contract assembly companies to make its videogame hardware. That includes the Switch console, introduced in 2017. (more via WSJ)
LINK
Posted on 6/12/19 at 5:24 pm to GumboPot
Reminder: it’s a win in and of itself that they are leaving China.
Trade wars are meant to hurt the nation you are fighting
Trade wars are meant to hurt the nation you are fighting
Posted on 6/12/19 at 5:36 pm to GumboPot
Xi had better run to Trump in G20 and say yes!
But Fascist gotta Fasc! Just ask Hong Kong!
Xi’s hoped for Democratic 2020 victory will cost China dearly.
But Fascist gotta Fasc! Just ask Hong Kong!
Xi’s hoped for Democratic 2020 victory will cost China dearly.
Posted on 6/12/19 at 5:37 pm to GumboPot
I hope China burns to the ground
Posted on 6/12/19 at 5:39 pm to GumboPot
Chinese investment money is also being cock blocked here in the states.
China is cracking.
China is cracking.
Posted on 6/12/19 at 5:40 pm to GRTiger
Trump put pee pee in their coke. ROR.
Posted on 6/12/19 at 5:45 pm to GumboPot
China is taking a beating right now.
They just subsidized 9.5% of the new 15% tariff on 2 containers we just ordered. Plus they dropped their prices before eating the 9.5%.
They just subsidized 9.5% of the new 15% tariff on 2 containers we just ordered. Plus they dropped their prices before eating the 9.5%.
Posted on 6/12/19 at 5:48 pm to MrLarson
quote:
China is taking a beating right now. They just subsidized 9.5% of the new 15% tariff on 2 containers we just ordered. Plus they dropped their prices before eating the 9.5%.
This needs to be repeated for the mouthbreathers that scream tariff's hurt us.
The ChiComs are feeling it and they can't sustain it.
Posted on 6/12/19 at 5:58 pm to HailHailtoMichigan!
Vietnam & the rest of that area’s economies are gonna blow up like Kate Upton
Posted on 6/12/19 at 6:00 pm to Schmelly
Mexico and South America could as well.
Posted on 6/12/19 at 6:16 pm to MrLarson
Mexico could probably do very well if they would get the corruption under control.
Frankly I'm amazed all the car manufacturers are there. Perhaps their size is enough to shield them from the majority of the bullshite down there.
Frankly I'm amazed all the car manufacturers are there. Perhaps their size is enough to shield them from the majority of the bullshite down there.
Posted on 6/12/19 at 6:29 pm to goatmilker
China is hoping and praying Trump loses in 2020
If anybody is hacking elections it is them
If anybody is hacking elections it is them
Posted on 6/12/19 at 6:32 pm to Cosmo
IBChinaman I will maintain that I will pay that extra $1 for my son's nitendo switch whether you like it or not!
Posted on 6/12/19 at 7:32 pm to GumboPot
I hope China doesn’t make a deal with us. Trump is proving we don’t need them at all. I want to see them crash and fricking burn while our economy hums along with 3% growth, low inflation, and corporations move back here or to developing nations more friendly to the US. Leave China and its communism in the dust
Posted on 6/12/19 at 7:37 pm to MrLarson
quote:
Mexico and South America could as well.
This would help stop illegal immigration as well
Posted on 6/12/19 at 7:42 pm to deltaland
quote:
I hope China doesn’t make a deal with us. Trump is proving we don’t need them at all. I want to see them crash and fricking burn while our economy hums along with 3% growth, low inflation, and corporations move back here or to developing nations more friendly to the US. Leave China and its communism in the dust
I feel the same.
Also, I would much rather see us importing products from a variety of countries versus just one. ie China. Buying such a large volume from one country not only makes us dependent on them it also enriches them to the point they can threaten us globally.
Posted on 6/12/19 at 7:44 pm to GumboPot
Didn't that dude that owns Alibaba make veil threats about how we are headed towards WWIII because of this shite?
Posted on 6/12/19 at 7:47 pm to GumboPot
Critics have said that Trump isn’t giving a Beijing an out. A way to “save face.”
I wonder if that’s intentional.
We’d be better off if corporate America moved out of China.
I wonder if that’s intentional.
We’d be better off if corporate America moved out of China.
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