(Kitco News) - The U.S. doesn't need China and American companies can take their manufacturing elsewhere, this according to Todd Horwitz, chief strategist at BubbaTrading.com.
"We do not need China, we can exist without China. They will have big trouble existing without us. They will go back into the dark ages," Horwitz told Kitco News.
American companies have other options when it comes to manufacturing and trade partners, he noted.
"There are plenty of places for cheap, slave labor. Let's face what it is, it's labor cost. But at the the end of the day, even the assembly of an iPhone, if you brought it here and assemble it here, it's only $50 more. It's not like, it's the end of the world to assemble in the U.S.," he said.
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This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.