Valuetainment "Biggest & Cruellest Hoax of All" – Richard Werner EXPOSES The REAL Cost Of China Trade Policy
Apr 10, 2025
Richard Werner, an expert on global trade dynamics, lends his insights alongside Patrick Bet-David. They dive into the complexities of U.S.-China relationships, emphasizing how Trump's tariffs could reshape the world economy. The conversation highlights the longstanding impacts of historical trade policies on job creation. Werner advocates for a diplomatic approach to trade negotiations, suggesting that mutual respect could yield better outcomes than confrontation. Tune in for a riveting exploration of how these shifts shape our financial landscape!
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US-China Software and Manufacturing Gap
- The US leads in innovative software, while China excels in price and new materials progress.
- Offshoring manufacturing to China risks losing vital skill sets and innovation ability in the US.
Tariff Imbalance and Job Losses
- US tariffs on Chinese goods average 2%, while Chinese tariffs on US goods average 35%.
- This imbalance created millions of jobs in China but cost the US millions, revealing a major trade disadvantage.
Shifting Labor Cost Advantages
- China's labor cost advantage has faded, shifting some manufacturing to cheaper locations like Mexico.
- Global labor cost competition is dynamic, affecting supply chain decisions.