Commerce Secretary Nominee Says Korea and Japan Are Taking Advantage of America; Wants to Bring Manufacturing Back to the U.S.
Is it really taking advantage of America by producing a product in your own country and selling it to the U.S.? If making the product in the U.S. was cheaper than manufacturing it in Korea for example, these foreign companies would do so:
President Donald Trump’s nominee for commerce secretary accused South Korea and Japan on Wednesday of having “taken advantage of” America’s “good nature,” stressing the need to work together with the allies to bring their production to the United States.
Howard Lutnick, a preeminent businessman, made the remarks during a Senate confirmation hearing, pointing to steel products from Japan and appliances from South Korea, as he responded to a senator’s question over what he will do to foster an environment to encourage joint ventures with U.S. allies.
“Our great allies have taken advantage of our good nature, and they like steel in Japan and appliances in Korea … I mean, they’ve just taken advantage of us. It’s time for them to partner with us and bring that production back home,” Lutnick told the Senate Committee on Commerce, Science and Transportation.
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Korea doesn’t make appliances in Korea to sell to the US. South Korea already has appliance factories in the US and Mexico. I guess the US wants everything for themselves. Give me give me give me… it’s all mine! The whole world is mine! You got something in your hand? Give that to me, that’s mine too!
Korea invested billions upon billions into the US economy, being the US’s number one foreign investor, far larger than any other country. There are huge Korean factories going up everywhere, constructed and staffed by American workers. All at the expense of the Korean economy which is being sapped to nothing by a blackhole called America. Why is the Korean currency so weak? Because all the money is flowing into the US, enriching the US oligarchs.
But it’s still not enough. Yah, that’s right Koreans are ripping off the US again. What did I tell you? I knew exactly that this would happen. America, you are crap and you have no class. Go to hell.
Lee Jae-Myung for president!