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UP CEO Lance Fritz on Trade Disruptions and Risk to the Economy
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<p>Well, if the USA would try to produce everything in the USA it will get costly for customers and companies.</p> <p>The web has some comparisons of Apple iPhone 6. Produced in the USA it is estimated to cost about the twice the China-made price. Than there is the workforce question. Foxconn, Apple's Chinese factories, employ about 150,000 people. Would the USA have these people with the necessary abilities?</p> <p>A third point: About two thirds of the iPhone production is sold outside the USA. At twice the price Apple clearly would loose this foreign business not being competetive anymore.</p> <p>Many other products are similar, jeans, sneakers, solar panels.</p> <p>If you want Made in America again and not pay more, workers would have to accept massive wage cuts and they would have to expect additional steps in automation of industrial production.<br />Regards, Volker</p>
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