GOP strategist: Competing with China is difficult

Republican strategist Hunter S. Gaylor says competing with China is tough due to its low manufacturing and labor costs. #China

Transcript

00:00But you have called this a high stakes game of economic poker, but China is just not blinking

00:06right now. They standing as firm as the U.S. is saying we have no fear of a trade war against

00:14selfish Trump. But where really does this leave the world's biggest economies? At the moment,

00:20you said they are, you know, so dominant. This is concerning because this will have ramifications

00:28for the rest of the globe. Yeah, well, absolutely. I mean, look, at the end of the day,

00:32it's very difficult to compete with China. Let's just call it for what it is. I mean,

00:35I'm an American first, you know, individual, but I also, you know, I always like to say I was born

00:41on a day. It just wasn't yesterday. It's very hard to compete with the manufacturing strength of China

00:47and the low cost of manufacturing and the low cost of labor. And so, you know, as any entrepreneur,

00:52any smart entrepreneur knows or business person knows, if I can lower my cost of labor

00:57and I can increase my profit, then I'm going to go there. That's why you're seeing Vietnam,

01:02you're seeing Beijing, you're seeing Guangzhou, you're seeing all of these companies that massively,

01:07you know, make and manufacture from the plastics to, I mean, look at the iPhone. I mean,

01:11you know, it might have been designed in California, but it's manufactured in China.