Bridger Pennington argues China has stopped enforcing intellectual property laws, with factories openly selling counterfeit luxury goods. He urges companies to move supply chains out of China amid rising US trade tensions and tariffs.
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You've probably seen videos like this on your For You page of Chinese factories selling luxury goods direct to consumer. Effectively last week, China said, we're done with copyright IP laws. So any factory floor saying, hey, do you want Nike, Louis Vuitton, Gucci bag? Whatever, call us up. You can buy it for pennies on the dollar. If I was on a board of one of these companies though, I mean, this morning I would have a board meeting and say, we're moving everything out of China. I mean, I believe they are truly biting the hand that feeds them. In a global trade war, you're choosing between the US and China who to work with. You now have to work. Roughly 80 countries right now are discussing working with the United States. China just got a 250% tariff from Trump. I mean, you're pushing all these countries and companies into the US's lap, which is good for North America, but China doing this, I mean, who's gonna now wanna do business in China ever unless significant changes happen? Put more details in an op-ed I put on Twitter called Scott Beston's Plan to Break China's Economy. Let me know what you guys think down below.