Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

mikelewis

(4,506 posts)
2. I agree... it's a mad dash for minerals everywhere...
Wed Feb 19, 2025, 09:33 AM
Feb 2025

Unfortunately for U.S. interests, China is already deeply entrenched in most of the emerging markets. Africa and South America are already benefiting from these upheavals. As is Southeast Asia, that entire region is going to see a massive amount of investment from deals China has already put into place. While we were set to benefit from that long term in the form of lower prices, our trade imbalance with China is going to make reversing that trend and shifting those regions over to a more U.S. business friendly climate challenging.

I also don't think reshoring is going to happen the way it's intended. With raw material costs as high as they are, opening up new manufacturing ventures is going to be extremely expensive. I really don't see much of a climate for small businesses to take hold and thrive as most of the new plants are all self-service and mostly automated. Truthfully, what good is reshoring when the companies don't need but a handful of people and don't outsource anything. That being said, building these plants is going to make someone a lot of money.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Issue Forums»Economy»How to adjust your portfo...»Reply #2