Will we see jobs and industry start coming back from other countries after this virus has been put behind us? I've worked alone in my own tool and die shop for the past 20 years and every time I've lost work it was due to the company I had been doing business with changing everything and sending the product to China.

Maybe. But it's sure to end any further China sourcing.

Jim, I just saw your post count, I'm late Welcome new friend.

Some industry will return.
Much will remain the same, since most buy things based on price, not country.

Maybe for a short period of time! But, past history shows, that we as Americans, have a very short “attention span”! We will quickly return to “status quo”!

I just read the post concerning your new membership.....welcome to the “Fire”! Though, if you’ve been following for a while.....you are probably aware that many of us are “more toxic” than the China virus! memtb

No, China is going to come out of this as a winner.

There have always been risks with doing a significant amount of business with, & reliance on overseas sources; this will drive home those risks, & for many, the newer, more visible level of risk will drive them away, where they are actually able to move product back.

Others, maybe not so much..............

Surely, it will curtail or stop, much of any new investment in China by U.S. based companies, at least in the short term.

Long term, who knows...................greed, & the drive for profitability are powerful motivators & people tend to have short memories.

Of all the foreign countries & people that I have dealt with in my business career, the Chinese are at the top of the list as far as being the least trustworthy, underhanded & totally unscrupulous to deal with, followed closely by people from Muslim cultures.

And that's not bias on my part in any way; just stating the facts as I have seen them `in dealing with them.

JMHO.

MM

Not really, unless you want to pay 5K for a TV, etc

Says the guy who says the EU is great.

They will be black balled initially. There will most likely be a regime change after China "drowns in a sea of Coronavirus" because the Idiot XI and his henchmen tried to cover it up. I think china might retain a slice of the pie but it will definitely be divied up to more countries.

Slavek = glupyy chelovek

95% of our antibiotics produced in China? That clearly must end. It doesn't matter if they cost more to be produced in the US. I know our financial health depends a lot of China, but our physical health cannot.....as we clearly see with the Wuhan Virus.

This, nothing will change.

Thanks for the welcome guys. Among some people Made in the USA is worth paying extra. If the company is managed by accountants nothing seems to change and every decision is based off the dollar.

No, it would be grossly inefficient. People will pay attention to strengthening supply chains and alternate sourcing. If I had an alternate source for, say, hand sanitizer I'd be rich. There is a distillery in the state, with excess capacity I'm sure, that just got emergency approval to make hand sanitizer. They at least, and I suspect anyone watching, will be prepared to become an alternate source on a moment's notice if needed again. Capitalism at its best.

It will only change if there’s a political will to change. As long as there’s unrestricted trade and low cost countries to exploit for market advantage the advantages will be exploited. If tariffs are applied so as to support US manufacturing then manufacturing will be advantageous here. It’s a political question not an economic question.

China is not our friend.

EVERYONE knows that, but the OP inquires about outsourcing and it's just not going to happen.

I have a BIL who works for a defense contractor manufacturing sonar. They have reassigned them to alternate projects because there is a certain component that they need to assemble sonars that comes from Italy and they can no longer get it at this time.

Things will change. I believe this has caused a sea change in how we, as a country, view our National Security, from a commerce perspective and there will be lots of companies moving their manufacturing out of China, hopefully back to the US.

Savvy supply chain managers were already looking to move off China after the tariffs. Likely some of the more nimble ones to do so haven't been as interrupted as others. This will only reinforce company decisions to initiate the discussion of changing source countries.

Highly unlikely it all comes back to the US. Highly unlikely it causes regime change in China. Some of it was going to move out of China anyway as their middle class was growing and driving up costs - costs that didn't make them as competitive with other Pac-Rim countries.

But thrtr are only so many alternatives. Will the ROI be sufficient to capitalize new sources in competition with China? Kinda doubt it unless something changes bigly.

In the long run those idiots will unleash yet another virus with almost 100% certainty. How much is that worth to a supply chain? The pie will be split up .

Tariffs be damned. We need political leaders with the balls to legislate a stop to companies outsourcing or moving to China. They can either come home or go out of business. I’ll bet the vast majority would choose the former. As far as prices going up, I’d rather pay more for safe and reliable American or Canadian made products. Another viable option is to offer them the option of moving their operations to Mexico. Not as good as having them at home but at least we wouldn’t have a filthy, disease ridden, corrupt communist regime “eating our lunch”. I believe Trump has the balls but there’s no way that our gutless PM and his Liberal lakys would offend the Chinese. After all, he’s publicly stated that he greatly admires China’s Communist regime. He’s weak and dangerous and has to go.

Did that Phagg really say that he admires the Chinese regime?

I hope so. The miles are wearing me out.

Yet time and time again - it's shown that the American consumer will NOT pay more, often enough, and on average - for domestically sourced items. It's why companies move off shore. They MUST to compete due to the market going where the deal is.

The person that usually complains the loudest about "foreign manufacture" is usually the fat azz first in line at Walmart because they have something $1.35 cheaper than the mom an pop down the street.

No, people want things as cheap as they can get them, so it will go back the way it was.

At this time, there are precious few North American made options; regardless of the retail outlet.
American companies will discontinue having products made overseas when they are forced to. If the average manufacturer is simply told that his country would be better served by manufacturing at home, that will mean absolutely nothing to him. GD

Yup. At a town hall type meeting back in November 2013 he was asked what nation he admired the most. His reply was, quote, “There’s a level of admiration I actually have for China. Their basic dictatorship is actually allowing them to turn their economy around on a dime.”

China has made billions this year selling medical supplies and medicine to the world. They are winning and it is march.

That is why I stated in my origional post that companies be forced come home (I should have said, “back to N. America”) or go out of business. The Mexico option would help with lowering costs for U.S. and Canadian consumers while taking the power out of China’s hands. Also, it could provide an economic boost for Mexico and probably slow down the illegal alien problems. I’m sure that a lot of Mexican families would prefer to remain in their homeland if they could earn a decent living.

Some countries are not going to bounce back as well as others after this passes, lot's of small industry may take much longer to come back online if they manage to at all.

There is going to be a world wide need for products to fill the voids left by the loss of the industry that doesn't bounce back so quickly.

Just like us, China has a world wide market. But unlike us, China is poised to get a jump start at filling the voids.

It'll take the US three times as long to get back up and running as it does China mainly due to the level of control China has over its people.
They will be banging out product and fillin' the voids while we are still thinking about letting people go back to work.

China's jump start will make them king of the market place they had and what they manage to expand to and they will hold that for a long time..

Trump was right, as usual, about tariffs. We do NOT need politicians legislating where manufacturing takes place, they’re not competent to do that. Can you imagine an idiot like AOC making decisions like that?

Tariffs were put in the US constitution so the government has a method of correcting unfair trade practices by hitting them where it hurts, in the pocketbook. They’re a way of nudging the free market without resorting to legislative control which never works. Those advocating unrestrained free trade, like my stockbroker, hate them because they cut profits of companies that rely heavily on outsourcing. That’s exactly why they work, the financial incentive is to bring manufacturing back home if they’re targeted judiciously.

Tariffs are a fantastic tool for shaping international trade balances while still allowing the free market to work. Trump knows that and the founding fathers knew that.

Quadruple ditto for the consumer.................

But U.S. "manufacturers" are not just run by manufacturers, they're run by investment owners, who are equally as devoted to servicing their loan financing as the consumers are about servicing their own pocketbook.

So long as the cheaper product is available, for the most part, it will be preferentially bought in the U.S. even though one good item will outlast 3 of the cheap items.

That's where the mentality is at in the U.S.

MM

Let's hope.

There may be some pharmaceutical production moved back but not much else will change .

I enjoy history and especially our own as a nation. When I read about how our great people came to the aid of the entire world during WWII and stepped up manufacturing to defeat 2 enemies my heart swells with pride. In my mind I ask is that nation gone and if it is what nation in this world will stand in the gap to defeat evil. None will, that's who. My trade, toolmaker used to have plenty of people involved in. Back in the 70s and 80s when I started we had businesses that had their own training and apprentice schools to make sure their was a supply to fill the jobs of those that retire. Now there is no demand or effort in any of that. We've lost an asset my friends and one that cannot be gotten back in short order. This all concerns me when I see our manufacturing being shipped away.

At work & at home my intentions have been driven do all purchases with China sources off the list if when I can! Did not need much of an excuse before. I feel we sure have good cayuse to divert our business else where going forward.

Send them a 6 trillion dollar bill. If they don't pay- no travel, no trade. Crippling economic sanctions.
If they didn't think starting a bat virus was serious, they soon will.

Only if Trump gets re-elected.

Anybody else and we’re double fugged even worse than before this all started.

If we don't get rid of our dependence on China, we truly are a dumbass country.

There could be a few silver linings out of this whole train wreck and that would be near the top of the list