Basically it is the US saying that they will be the first at the trough and that they will get their fill first. Other countries need to be doing their parts to manufacture and the US needs to up their games as well.
3M and their subsidies have factories all over the world which supply many countries--countries may have no choice but to nationalise the factories in their countries
so it is not about being first to the trough--the US went outside their borders to get the trough that was heading to another country and this will become a bigger issue in the forth coming days as the numbers rise
An example of what the US could do based upon what they did. The German based company Siemens healthliners I think is he 8th largest producer of medical equipment, due to mergers and cross agreements they are now something like 30% .owned by US backers--what is stopping the US from walking into their factors and taking medical stuff?
It a globalisation economy where companies have diversified and invested in businesses around the world and where if you look though ownership of businesses you will see part American ownership and using the law they used yesterday, that will allow the US to go into any country and do what they did again.
And that will be interesting to see what happens as the body count in the States goes up and panic sets in
The US has reportedly (according to WSJ) ordered 300 million masks--is the US now going to seize products from all factories that are partly owned by US companies. Like I said earlier, that Chinese factory was Chinese owned and is a subsidiary of 3M--this is done to reduce their tax burden. I know it is splitting hairs but most companies that produce the masks needed are in the far east due to cheap labout and are subsidiaries and not directly owned (at least on paper) but the larger companies.
Let me put it another way
Have you heard of Honeywell? they are GlaxoSmithKline and they have several factories here in the UK and around Europe. They are I believe still owned by the US mothership , what is stopping the US from now coming in and taking all the products from those factories and warehouses? Based upon what happened in Thailand? nothing
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