Another Pinhole In The Dike
Credit: Pixabay
Another Pinhole In The Dike
Previously (here and here) I’ve opined that a move away from China by U.S. businesses might be in the offing. It looks like more pieces might be coming together for such a move. In a recent article over at American Thinker, Chriss Street writes
Just hours after Simon Rabinovitch, Asia editor for the Economist, claimed damage to global supply chains from the Sino-U.S. Trade War may be “irreversible” and push the world into recession, Bloomberg reported that an executive of Foxconn, Apple’s Taiwan-based primary assembly partner, has enough non-China capacity for all iPhone production.
This is huge. Although an interruption in avocados from Mexico is tolerable, stopping the flow of the latest iPhones to market would be seen as horrific in some quarters. Although Apple has not publicly indicated that a move away from China is in the works, the very idea that Apple has enough capacity elsewhere, puts paid to the cacophony of voices predicting catastrophic and irreversible damage to the markets.
Once again, a single data point isn’t indicative of any trend. However, it looks like the data points are starting to accumulate. How long before this pinhole is joined by others sufficient to collapse the dam? Stay tuned.
Mike Ford is a retired Infantry Officer who writes on Military, Foreign Affairs and occasionally dabbles in Political and Economic matters.
Follow him on Twitter: @MikeFor10394583
You can find his other Red State work here.
The post Another Pinhole In The Dike appeared first on RedState.
Source: https://www.redstate.com/darth641/2019/06/14/another-pinhole-dike/
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