Spursex
Alert Team
Our largest import product from China is telecommunications equipment followed by cheap manufactured goods . I challenge why we need to import telecom goods when we are quite able to make our own . The second category is self explanatory, we don't need cheap or faux fake brand shite. These two categories make up close to 30 % of all imports from China. We have a trade deficit of around 25 billion with China.
The whole of the supply chain for telecommunications/IT components essentially resides in the far east; Taiwan, Hong Kong, Japan, Malaysia, South Korea, Vietnam and on and on - to replicate it now in the west would take hundreds if not thousands of billions of dollars and it would have to be a political decision, not an economic one - political decision making in the west for strategic decisions of that magnitude and convincing the electorate of it's worth given it's environmental impact would be virtually impossible.