prc30 on Nostr: Trade War with China #1 Seems as though I need to create a whole new series of Notes ...
Trade War with China #1
Seems as though I need to create a whole new series of Notes for Nostr and to start, need to give credit where credit is due.
The US just announced that it will suspend all inbound postal deliveries from both China and Hong Kong. To the untrained eye this might seem odd. In fact, Temu and Shein have aggressively used the duty-free loophole (very successfully I might add) for US inbound deliveries. This move here cuts both companies off at the kneecaps.
What remains to be seen, however, is how this might impact the pricing (aka inflation) of low value-added goods of which the manufacturing remains solidly in the hands of the Chinese.
Clearly though, battle lines are being drawn. Now we wait to see how China might respond.
https://www.cnbc.com/amp/2025/02/05/usps-temporarily-suspends-inbound-packages-from-china-hong-kong.html
Seems as though I need to create a whole new series of Notes for Nostr and to start, need to give credit where credit is due.
The US just announced that it will suspend all inbound postal deliveries from both China and Hong Kong. To the untrained eye this might seem odd. In fact, Temu and Shein have aggressively used the duty-free loophole (very successfully I might add) for US inbound deliveries. This move here cuts both companies off at the kneecaps.
What remains to be seen, however, is how this might impact the pricing (aka inflation) of low value-added goods of which the manufacturing remains solidly in the hands of the Chinese.
Clearly though, battle lines are being drawn. Now we wait to see how China might respond.
https://www.cnbc.com/amp/2025/02/05/usps-temporarily-suspends-inbound-packages-from-china-hong-kong.html