The deluge of imports from China has adversely affected India’s manufacturing sector, particularly micro and small industries. Dumping by China has forced many industrial units to operate at below capacity levels and in some cases to shut down. This has negatively affected local employment. Though the quality of Chinese products is often questionable, their availability at a low price has created a large market for them. Why are Chinese goods more price-competitive than similar Indian goods? Chinese competitiveness is mainly the result of efforts and support of the Chinese government. A large number of companies which dominate exports are government-controlled enterprises. China is not recognized by WTO as a market economy mainly because of the lack of transparency in its trade policy.
MM Sury 'How China dumps its products in India', Times Now
Workers are feeling abandoned and betrayed after promises on the campaign trail to boost factory jobs fell woefully short
“I didn’t back down from my promises – and I’ve kept every single one,” Donald Trump told the Republican national convention in August as he campaigned for a second term. As the election nears, some of America’s hard-hit manufacturing workers are not convinced.
Shannon Mulcahy of Whitestown, Indiana, voted for Trump in the last election. This time his rival Joe Biden will get her vote. For 18 years she worked at the Rexnord steel bearings plant in Indianapolis before it shut down in 2017, moving operations to Mexico. Mulcahy was one of 300 workers who lost their jobs.
Trump publicly criticized the plant’s closure in 2016 and 2017, blaming the decision on the Obama administration and threatening to increase taxes on products made by companies like Rexnord in retaliation for moving jobs abroad. But in 2018 the company cited $55m in savings from US tax reform in the wake of Trump’s tax cuts in December 2017.
Mulcahy said she feels betrayed by the jobs promises Trump made throughout his 2016 election campaign. Since losing her job, Mulcahy has struggled with depression while trying to find other work. She’s managed to find a new job, though it pays significantly lower than what she was making at the plant.
“There are a lot of plant closings he could have stopped. He talked the talk everyone wanted to hear about saving jobs. I don’t see him saving any jobs,” said Mulcahy. “I think it’s all fake. It’s all a campaign thing. He’s telling people what they want to hear.”
Trump won the 2016 election in part with his promise to keep manufacturing jobs like Mulcahy’s in the US. A promise that helped him win former Democratic voters across the midwest’s manufacturing states.
Those promises have done little to turn around the long-term decline of manufacturing in the US. The US gained roughly 500,000 manufacturing jobs between 2016 and 2019, according to an analysis by the Economics Policy Institute. Trump’s trade wars hurt manufacturing but then came the coronavirus pandemic. Even after adding 66,000 manufacturing jobs in September, the sector is still 647,000 jobs short of where it was in February before the pandemic hit the US.
In the meantime, nearly 1,800 US factories disappeared between 2016 and 2018, including several high-profile plants throughout midwestern swing states that were key to Trump’s election win.
Few people have had such a close view of the decline of manufacturing in the US as Chuck Jones. Jones worked at the Rexnord plant in Indiana for over 40 years, and also served as president of United Steelworkers Local 1999, which represents workers at the Carrier plant in Indianapolis, Indiana, where Trump has repeatedly claimed he saved jobs from being outsourced to Mexico.
Carrier shut down a factory in Huntington, Indiana, in 2017 resulting in the loss of 700 jobs as work moved to Mexico. Several assembly lines at the Indianapolis plant were also sent abroad, resulting in the loss of more than 600 jobs in 2017 and 2018.
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