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Thomas Rogers
Bloomberg Television
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Comments by "Thomas Rogers" (@thomasrogers9146) on "How China Might Respond to Potential Tariffs Under Trump" video.
I AM NOT A POLITICIAN..I AM A BUSINESS MAN.. THE U.S MARKET IS 336 MILLION PEOPLE ON A WORLD OF 8 BILLION PEOPLE..OUR GOVERNMENT DEBT IS 35 TRILLION AND COUNTING, OUR CONSUMER DEBT IS OVER 1 TRILLION DOLLARS. CHINA HAS 1.4 BILLION PEOPLE WITH A MASSIVE DOMESTIC MARKET 4X OUR SIZE WITH AN ESTIMATED 14 TO 18 TRILLION DOLLARS IN DOMESTIC SAVINGS AND A TRADE SURPLUS OF 100 BILLION DOLLARS A MONTH. CHINA IS THE WORLD'S LARGEST CONSUMER MARKET, LARGEST TRADING PARTNER, LARGEST INVESTOR BELT AND ROAD AND IS DOMINATING 57 OUT OF 64 LEADING TECHNOLOGIES INCLUDING FILING PATENTS. MY QUESTION TO MY FELLOW AMERICANS HOW ARE AMERICAN COMPANIES GOING TO COMPETE GLOBALLY.? ESPECIALLY IN THE EMERGING ECONOMIES 88% OF THE GLOBAL POPULATION WITH RISING POPULATIONS AND EMERGING ECONOMIES?
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I AM AN AMERICAN BUSINESS MAN WHO HAVE TRAVELLED GLOBALLY AND HAVE BEEN TO CHINA.WE ARE MAKING THIS VERY DANGEROUS ASSUMPTION THAT THE U.S 336 MILLION PEOPLE WITH MASSIVE GOVERNMENT AND CONSUMER DEBT A DECLINING MIDDLE CLASS AND POVERTY EXPANSION IS THE MOST IMPORTANT MARKET IN THE WORLD. AND IF CHINESE COMPANIES DO NOT HAVE ACCESS TO THE AMERICAN MARKET EVERY CHINESE COMPANY WILL COLLAPSE. CHINESE EXPORTS TO THE U.S AND THE WEST HAS BEEN FALLING AND RISING IN THE GLOBAL SOUTH MARKETS. TRADE WAR IS NOT ONE SIDEDED. THE CHINESE CAN INFLICT SERIOUS ECONOMIC PAIN ON US AMERICANS TOO. THIS IS NOT 1970 OR 1980 OR 2000. AMERICAN FARMERS ARE LOSING BILLIONS IN REVENUE FROM DECREASED GRAIN OTHER FROM CHINA THEIR LARGEST CUSTOMER. OUR SEMICONDUCTOR SECTOR IS ALSO LOSING BILLIONS AND WILL BE AS CHINA BECOMES SEMICONDUCTOR INDEPENDENT..APPLE IS LOSING MARKET SHEAR IN CHINA AND SO ARE WESTERN COMPANIES.
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ANOTHER THING WE AMERICANS DO NOT SEEM TO BE AWARE OF IS THERE ARE THOUSANDS OF AMERICAN COMPANIES OPERATING IN CHINA GROSSING AROUND 480 BILLION DOLLARS ANNUALLY. THERE ARE ALSO AMERICAN EXPORTERS WHO EXPORT AMERICAN MADE PRODUCT TO CHINA WITH A REVENUE OF 158 BILLION DOLLARS. 30% OF OUR ECONOMY IS EXPORT DEPENDENT ACCOUNTING FOR AROUND 30 MILLION AMERICAN JOBS.I AM AN AMERICAN PATRIOT BUT WE TEND TO BELIEVE WE ARE THE WORLD. WE ARE NOT.WE ONLY 4% OF THE GLOBAL POPULATION AND JUST AS THE SANCTIONS ON RUSSIA WE MAY END UP DESTROYING THE REVENUE BASE OF OUR ONE COMPANIES. 4% PICKING TRADE WARS ON 96% OF THE GLOBAL POPULATION IS IRRATIONAL SELF DESTRUCTIVE DELUSIONAL AND CRAZY.
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