By Eduardo Montalvo
During yesterday's press conference (04/02/20), at the White House, Peter Navarro, an economist advisor of the President, inadvertently, announced the end of Globalism, when he said that the great lesson of the Chinese Virus pandemic is realizing that we are extremely and dangerously dependent on "global supply chains" to get health care products that we need, such as medicines, equipment and medical supplies.
Navarro also said that, in times like these, trade treaties or agreements are useless, since each country gives priority to its own needs, implementing restrictions on its exports to supply its own demand. And, he concluded by saying that President Trump’s America First policy is right, that we must purchase national products, secure our borders, and redevelop our manufacturing industry.
It is ridiculous that having the first economy in the world we depend on China to supply ourselves with almost everything. We must keep in mind that China is not our ally. On the contrary! It is a wolf in sheep’s clothing that grabs us by where it hurt us the most: The huge debt we have with them!
Until December 2019, we owed to China $1.07 trillion. Yes!, we owe them $ 1,070,000,000,000, with twelve zeros!
But, being indebted to China is not the only problem, they sell us crap that we happily buy. The seal of "Made in China" is synonymous of cheapness and awful quality, but, apparently nobody cares until there is a serious problem.
Remember the infamous Chinese Drywall that affected our economy, caused countless public health problems, flooded the courts, and billions in loss and damage?
Fortunately, President Trump has been clear about making our country and its needs a priority. "America First" reads the motto of its protectionist policy of our national industry.
He rescued our steel industry, a vital material for our development and defense. Can you imagine what would happen if the Chinese send us defective steel for the construction of our warships and aircraft?
Whether through tariffs, import restrictions, trade agreements or any other measure, protecting our industry is a matter of national security. We cannot depend on China for something as basic as penicillin, neither continuing with our uncontrollable debt.
We have to put the interests of our country first. Let's buy products made in the United States of America. Say NO to Globalism!
I believe that once this crisis passes, our country will be battered, but if we focus on recovering our manufacturing industry and support President Trump's nationalist policy, the future will be ours. America first!