Make Trade Math Great Again, iPhone Example: Globalization In Reverse [zero hedge]
IHS Markit Ltd. Common Shares (INFO)
Last ihs markit ltd. common shares earnings: 3/24 06:00 am
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Source: zero hedge
Authored by Michael Shedlock via MishTalk,Trump's trade thesis with China misses the boat. The iPhone provides an excellent starting point for discussion.Supply Chain AnalysisAs trade barriers break up, world-wide supply chains, the real costs are higher prices and fewer choices for consumers says Greg IP, my favorite WSJ author.Globalization in ReversePlease consider That Noise You Hear Is the Sound of Globalization Going Into Reverse by Greg Ip. I reordered some paragraphs below.While globalization is routinely portrayed as bad for U.S. workers, the truth is more subtle. Routine, blue-collar jobs do get outsourced but high-end research, marketing and design work gravitates to the U.S.Canadian steel uses iron ore from Minnesota, so Mr. Trump’s tariffs hurt both. About 17% of the value of Mexican-made cars exported to the U.S. originated in the U.S., according to Bruegel, a Brussels-based think tank.Beckett Gas Inc., family-owned manufacturer of components for boilers, furnaces and wa
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