Originally Posted by
togor
Is it the fault of the Chinese that American businessmen came to the East looking to get things made more cheaply than back home? I've worn Chuck Taylors for years. I even have one box left of MA-made ones, still brand new. I don't recall getting asked when Converse decided to close that plant and relocate production to China. And yes, the Chinese article is still a little bit inferior in that the glue gives out in spots and has to be reapplied.
The price did not go down either.
Just as this is a bad time to sell stocks, it is also a bad time to pick a fight with the Chinese, who will be restarting their economy right about the time we need raw materials and components from them to keep ours going. Sure, diversify supplier bases going forward, probably pass some laws about that in Congress. But picking a fight with them now out of frustration is exactly the wrong thing to do.