But what does it all mean for us?
And are you a student of macro-economics? Micro-economics? Trickle down, Keynesian, Austrian? Me? Oh. I read Flash Boys and watched The Big Short so not only am I a student, I think I’m probably an expert but our current trade war confuses me greatly. Is it not just a tax on the American consumer? Am I missing something important and fundamental? Tell me what I’m missing but in the meantime let’s discuss the “plight” of U.S. based “surfboard” manufacturers that have product “shaped” in China.
Frustrated and let’s turn to Reuters for the painful tale of non-surfing surf executive Sue Bowers for we will then all understand.
President Donald Trump’s decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers to move factory jobs out of China – but not back to the United States, which was one goal of Trump’s tariffs.
Strict environmental rules and steep labor costs have sent scores of Southern California surfboard manufacturers to China. Now, the tariffs have Bowers and other executives searching for factories in places such as Thailand and Vietnam.
“This was Surf City,” said Bowers, general manager of Southern California Sports Industries in Orange County.
“I would like to have our production back here,” said Bowers, whose office/warehouse is decorated with surf legend Mike Doyle’s artwork and filled with surfboards bearing his name.
Instead, Bowers – not a surfer herself but who learned the ins-and-outs of surfboard construction from Doyle – is joining the growing list of U.S. manufacturers and retailers reconfiguring supply chains in the wake of the Trump’s bitter trade war with China.
She was among a half dozen U.S. surf company executives who told Reuters they support using trade policy to shelter their homegrown industry from a daunting wave of international competition.
Ok, and I’m sorry, but also completely confused. When Sue Bowers says, “This was Surf City…” is she talking about China? It is completely unclear but, in context, I can only read “Surf City” as China and now “New Surf City” is either going to be Thailand or Vietnam.
Also, what were the “ins-and-outs” of surfboard construction that she learned?
All of it?
Where are you Pete Schroff! Help me understand!