Sun Pacific Holding Corp (SNPW)

[drugmanrx]

Tarriffs A possible by pass of raw material Tariffs

China's Tsingshan plans $233m investment in Chilean lithium plant. Due to be commissioned in 2025, the proposed plant will have the capacity to produce 120,000 tonnes of lithium iron phosphate (LFP). Tsingshan's proposed plant will produce LFP, which is used to power electric vehicles.

The U.S.-Chile Free Trade Agreement (FTA) entered into force on January 1, 2004, and was fully implemented on January 1, 2015. Chile has negotiated 33 trade agreements, covering 65 economies, representing 88 percent of the world's GDP.

In addition the US has plenty of its own raw material it can produce in house if it so desires, without having to depend on a foreign supply, and there is a 50-50 chance the philosophy on using those resources will chance in November.

Shipping cost
If Tsingshan Group ships from Chile

The quickest way to get from Chile to United States by ship will take about 13 days 18h and departs from San Antonio (CLSAI) and arrives into Savannah (USSAV).

At around 30-40 days for a door to door shipment from China to the USA, sea freight has the longest lead time.

And the possibility that raw materials from the uS may become available by 2026

Tax incentives - are in house are directed directly to the American consumer. the Chinese RMB has no bearing in the equation


But nothing in your post explain this real life this flaw in your philosophy.

Raw material to be imported, local labor is expensive, tax rate is high, finance charges are high etc etc etc. These are very competitive markets. Can a US manufacturing facility compete with Southeast Asia, Mexico, South America. Etc.

One of the most competitive markets in the US is the automobile industry.
Based on your philosophy there would be no reason for Toyota, Subaru, Honda or Kia ,where local labor is expensive, tax rate is high, finance charges are high etc etc etc,.to have manufacturing facilities in the US
But here they are
Foreign cars made in the US, just like the possibility of FoxEss,Sun Group and Pt.IDN products being made in the US being sold by SNPW.



Based on your philosophy there should be NO Foreign car companies making their cars in the US,


BTW

Buy America has a nice ring to it but when American consumers spend their money they buy on price. Look no further than to Amazon, Walmart, Costco etc. Japan is different, they buy based on country first. Would you pay double the price for a tv because it was made in America?

To answer that question

According to the report, companies that choose to move production state-side will experience reputational gains with American consumers. In fact, around two-thirds of survey respondents said they regularly sought out products that were “Made in America” during the last year.Jul 19, 2023

https://www.visualcapitalist.com/made-in-america-vs-made-in-china/

2/3rd of American consumers, that a plenty sizeable number wouldn't you say?