Hi,
Just curious if you guys heard about an incoming flood of Chinese made products to enter the US because Tromp increasing the tariff? Honestly I’m considering doing the same especially for small size products that don’t require lots of space to store.
I mean fba is already flooded with foreign (not just chinese) seller stock.
I don’t know. I make all my stuff and all the parts are also made in the USA.
No offense to anyone but I really hope there’s a 100% tariff on Alibaba sourced goods.
That will make it close to even in terms of the cost for things made where they are supposed to be and level the playing field.
Will automatically reduce the cost of advertising on Amazon as well.
Yes that would be a plus
That will cause the inflation to skyrocket; from a $20 Big Mac to $10 Starbuck coffee.
I’m not against tariff’s, the problem is there are some things that are simply NOT MADE in the USA.
Almost 90% of electronics are imported, so a blanket tariff on imports means every cell phone went from a $300-1000 item to $600-2000. And Yep, I would love to see more things made in the USA, but there is absolutely no one who will assemble iPhones for $12 per day in this country.
And this is from someone who buys USA as much as I can and I don’t mind paying a little more for quality. Heck, I’m looking at a tankless boiler right now and I have two options, Bradford White or Rinnai. Rannai is Japanese and is top of the line with a long reliable history, BW is BW, (Researching their history on tankless I honestly don’t know anything about them tankless wise) But BW is USA and is more then Rinnai. Doesn’t mean I have eliminated BW though
Tell me about it. I know an Amazon seller who used to source all the products from US plants, but all those plants closed down and he had to go to China.
Personally I talk a lot about how bad it is manufacturing moved out of the US since we’re basically selling out our economy to another country. But when it comes to buying stuff I’d rather buy stuff that’s made by people getting paid $1 / hour since it’s cheaper. I’m not alone in this (in fact, this probably represents the majority of people because talk is cheap) which is why things are the way they are.
I think what will happen really depends on what the tariffs are on and how much they cost. Things will look very different depending on if it’s say a 50 percent tariff on electronics vs say a 10 percent tariff on all incoming parcels from China.
Until you know exactly what is happening it is going to be hard to predict what to prep for business or personal wise.
Personally I think maybe if you have been thinking about a new appliance might be a good idea?
A 10 percent increase on cheap imports will do nothing to shein / drop shippers/dollar tree. A little higher you might loose a lot of the people who do Print On Demand as I hear the profit is very slim so it might actually help those of us handmade sellers on Etsy. I’m not sure how high it would have to go for a store like Dollar Tree to go out of business… big lots is gone they really did not serve much of a purpose if you had access to Walmart and dollar tree. Decades ago they were all sourced outlet goods and you never knew what you would find. Once they started sourcing their own goods to be able to carry year round stuff, you have lost your “niche”. Same for typical outlet stores that used to sell “last seasons merchandise” used to get great deals at outlet stores decades ago they they just started sourcing cheaper versions of in season merchandise. I have thought a lot about how in the 90s there were stores that only sold one thing like rubber stamps or door hardware, I was thinking of my favorite store in the mall for a year or so when I was a kid that was called Totally Trolls and all it sold was troll dolls 
. You would never see that happen today the idea of a “specialty” store is long gone now.
Interesting math really is to figure out just how much an American consumer spends on goods from other countries. You might not buy an iPhone or car every year but fast fashion and that dollar spot at Target it all adds up at the end of the year . So it depends I suppose on just how much money they want to make and who is going to pay for it (the company will pass it down till the individual but once they run out of money to spend well oops good bye company!!).
Can America really afford for its dollar stores to go out of business? So much rural area is dependent on stores like that…it will be real interesting to see how it all plays out.
We do not need tariffs to know the answer to that question. The company financial reports from the publicly traded dollar stores have been pathetic for some time, and the companies are taking dramatic actions.
The state of the Chinese economy is precarious as well. China has in the past days announced a plan to deal with its local government debt program. Chinese prices are being deflated.
A tariff might cost the consumer nothing. The Chinese cannot afford a drop in exports to the US. They might drop prices (with or without a Chinese government subsidy) to offset the tariff.
Predicting economic results is usually wrong. Especially using Keynesian economics. I agree it will be interesting, and educational. A lot of economists will be presented with results they never thought of happening,
This, All Day This
What? really??
You make straw hats, and bootleg whiskey?
But how many hours of labor are required to assemble an iPhone today?
Products with a labor content of zero are being produced abroad for reasons other than the cost of labor. Like regulations affecting safety - consumer or worker, the environment, or the protection of government jobs.
I doubt if anyone wants to argue against production in China leads to more water and air pollution (albeit in China), more CO2 production from cheaper coal generated power, and more worker injuries. Might even be worse in Viet Nam or other countries.
I know many entrepreneurs seeking venture capital who could not get funding unless they changed their plans to outsource manufacturing to foreign countries. Even if they needed little labor to produce their product, thanks to automation.
Mich of the final assembly of phones is done by hand connectors are too small.
PCB’s, screens and other components are made by machine, but assembly is not
Same here. However we’re the minority. Most people would go for the cheapest products first.
Tankless water heaters make more sense to me. I’ve seen them in action in so many countries in Europe and Asia. In fact, USA is the only country that I know that uses a huge gas tank to heat water. I wonder why…
My guess is that Dollar Store would have to change its name to 2 Dollar Store (or 3 or 4 depending on how bad the inflation would be).
Or the Chinese could manipulate their currency to make it artificially weak to offset the impact of the tariff. They’re pretty good at manipulating their currency as they have done in the past
This is something I never understood. Not only is incredibly inefficient to have to hold 50 - 100 gallons of hot water at all times, but when you do use it you can actually run out of hot water really fast (especially if you removed the waterflow restrictor from your showerhead. I can empty a hot water tank in a few minutes). And if you have a leak, even if you shut off the water flow to it, you’re still looking at all of the contents of the tank being on the floor. There’s no benefit to this antiquated system
With 8 people in our household I love our tankless water heater. It’s very nice to never run out of hot water! I grew up with a tank that by the time it was my turn it was almost always out of water and I hated it.
I have heard one of the benefits of a tank of water is that in an earthquake it’s a backup water supply. So I just keep several cases of bottled water on hand instead.
I think though if given a choice for new people usually replace tank with tankless but I think a lot of people do not typically replace till their tank is broken.
Wow, really? That’s the only benefit. I live in the area that never had earthquake but probably about 99% of houses here have hot water tanks…
Hot water tanks usually last 6 years. A better ones last 9 or 12 years. I think tankless water heater last longer than that. I wonder how difficult is it to replace the tank with tankless once the tank version stops working.