“Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the ministry said in a statement,
Very concisely put. We’re at that point. Trade is effectively shut down at this point between the two. My limited understanding is that on the US side this will hit farmers the hardest.
Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.
Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.
And people in those markets are set to make billions by importing cheep Chinese goods, placing them in packaging made in their country, and exporting to the US with a markup.
I already know it happens because I’ve done it at a factory here in the United States.
I worked for a plastic injection molding company and we would import cheap Chinese metal tools and parts, for example a garden hose sprayer, then injection mold a plastic handle around it that covered the “made in China” stamp and repackage it in boxes that said “proudly made in the USA”
This was all good and legal because the plastic handle and packaging were indeed made in the USA and our company didn’t consider them finished products without the handles.
Creatively dodging tariffs is nothing new - the Subaru BRAT famously has rear seats to get around the chicken tax, which is (among other things) a 25% tariff on imported trucks.
Very concisely put. We’re at that point. Trade is effectively shut down at this point between the two. My limited understanding is that on the US side this will hit farmers the hardest.
Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.
And people in those markets are set to make billions by importing cheep Chinese goods, placing them in packaging made in their country, and exporting to the US with a markup.
I already know it happens because I’ve done it at a factory here in the United States.
I worked for a plastic injection molding company and we would import cheap Chinese metal tools and parts, for example a garden hose sprayer, then injection mold a plastic handle around it that covered the “made in China” stamp and repackage it in boxes that said “proudly made in the USA”
This was all good and legal because the plastic handle and packaging were indeed made in the USA and our company didn’t consider them finished products without the handles.
Creatively dodging tariffs is nothing new - the Subaru BRAT famously has rear seats to get around the chicken tax, which is (among other things) a 25% tariff on imported trucks.
And just like last time Trump will give them money to not talk about it.