Earlier quoted context omitted.
China has a lot going for it. The right investments in green energy and EVs is maturing now, allowing them dominate basically 75% of the world market for energy production and vehicles (without local competitors). They are also making investments right now in AI and robotics that are already beginning to pay off. The US as a market doesn’t mean much to China anymore, and Trump’s aggressive treatment of enemies and al…
I don't buy this. They badly want into the US market for their EVs. As well as their solar panels.
Suspension of inbound parcels from China and Hong Kong
501–510 of 610 posts
Re: Suspension of inbound parcels from China and Hong Kong
#502I sincerely hope US and Canada can regrow some manufacturing capacity. I think the only way to do it is by a one-two punch, and middle class like me are going to seriously get hurt, but I still want it done, for the sake of later generations and for a better, safer, more competitive humanity. Safer because a successful reform removes the need of a world war. The one-two punch is: 1) A massive devaluation of housing,…
Hardware is a money pit endeavor with low margins and high overhead. Software is a money printer with high margins and low overhead.
Re: Suspension of inbound parcels from China and Hong Kong
#503I'm unclear on this, but to my understanding if I order of Temu, Aliexpress etc I forfeit any consumer rights that I might have in the country I reside in? E.g. if the cheap stuff burns down my house / takes out my eye [1], there's no one to blame about gross defects / QC oversight? [1] https://www.geekwire.com/2019/lawsuit-ruling-dog-leash-purch...
It’s the same for Amazon, at least in the US. By law, if a retailer sells you a thing, liability first goes to the manufacturer, and, failing that, the retailer. Amazon isn’t a retailer, they’re a “marketplace” or some other BS the courts buy, so they’re not liable if they sell you stuff that’s negligently dangerous. Good luck tracking down SGVEEESQRTS or whoever built the thing.
Re: Suspension of inbound parcels from China and Hong Kong
#504Unless I've missed a thread, no one seems to be saying what counts. Changing duties, taxes, and rules is fine. It's how a society adjusts. Changing them instantly is literally the most anti-consumer, anti-business concept ever. No 30 days? 90 days? Nope, block it all now! That's sheer stupid on a caliber almost unheard of. It sends a signal "Don't do business with the US, the rules change on a whim". Don't do busines…
For what it's worth, the Project 2025 documents with all of these measures written down as bullet points has been up for a while. Getting rid of China's de minimis exemption is listed on page 789. Americans, American businesses, and businesses with American clients would be wise to read through the document to see what they can expect the coming year(s). The current executive branch sure won't give you a heads up, bu…
Re: Suspension of inbound parcels from China and Hong Kong
#505Earlier quoted context omitted.
>15$ direct from China. The same exact bag, made in the same exact factory is going to be 40$ on Amazon. Do you have examples of this? It hasn't been the case for me. Usually the prices are similar and I tend to find that Amazon is slightly cheaper.
Amazon , 40$ https://a.co/d/6HSc2A6 AliExpress , 17$( see coupons below). https://www.aliexpress.us/item/3256806198514308.html Plus AliExpress tends to offer coupons. So let's say you buy 300$ of stuff from Amazon, and 300$ of stuff from AliExpress. Even if the products are the same price, AliExpress will offer a 30$ off coupon. Amazon has to build in a higher margin though, they practically have a no questions asked…
Re: Suspension of inbound parcels from China and Hong Kong
#506Earlier quoted context omitted.
The boston-95-ring-vs-silicon-valley/noncompete-enforcement story gets close to this. Or the detroit-automotive-supply-chain story. It's largely about can you set up an effective ecosystem of suppliers. The story of the Traitorous 8 https://en.wikipedia.org/wiki/Traitorous_eight is basically the tale of how free-market competition spawns the economic prosperity of an entire region. In those times, Boston's 95 ring wa…
"VC's won't fund a bodega specializing in some obscure electronics niche" --- is it generally known who funds Shenzhen bodegas?
But I'm just an armchair commentator here. I hangout here cause I'd love to hear some better firsthand experiences if my story is off.
Re: Suspension of inbound parcels from China and Hong Kong
#507I'm unclear on this, but to my understanding if I order of Temu, Aliexpress etc I forfeit any consumer rights that I might have in the country I reside in? E.g. if the cheap stuff burns down my house / takes out my eye [1], there's no one to blame about gross defects / QC oversight? [1] https://www.geekwire.com/2019/lawsuit-ruling-dog-leash-purch...
If you buy from an American store, you can file your claims with the store under American law and everything is easy. If you import from China, American laws apply to you and Chinese laws apply to the seller. If you get scammed or hurt yourself with a dangerous product, you can try two things: sue the Chinese seller in your home country (they won't turn up if the court even cares enough not to dismiss your case) or s…
Re: Suspension of inbound parcels from China and Hong Kong
#508This is going to utterly fuck so many R&D projects at my company. We actually do large-scale manufacturing of industrial valves in the USA. But a lot of our prototyping involves working with Chinese suppliers and getting small batches of samples / prototypes / revisions sent in packages on airplanes. I literally do not know how the electrical and firmware engineers will do their jobs now if we cannot receive packages…
And it's a small price to pay for the freedom of Ross Ulbricht and the January 6th patriots.
Re: Suspension of inbound parcels from China and Hong Kong
#509Earlier quoted context omitted.
The US is treated as a high-income country because incomes are high. Incomes in China are low. There's nobody disputing either of those claims. USA NGDP per capita 2024: US$86,600, just below Norway. China NGDP per capita 2024: US$13,000, just below Malaysia. Their economy is large because there are more of them. That doesn't do anything for their income.
High income != developed. There are different metrics. Overall GDP very high, GDP PPP per capita middling, incomes highly disparate, etc. Developing status becomes kinda subjective and this particular move is not insane. Sadly it's unlike many many other moves.
You might want to replace the quote you were citing.
Re: Suspension of inbound parcels from China and Hong Kong
#510Earlier quoted context omitted.
At least for China they have an environmental plan far and away better than the US’s “what do the rich want to do?”.
Can you give details of China’s environment plan?. All I hear about are the dozens of coal plants China builds each year. Are they no longer building those plants?
China doesn't have huge reserves of fossil fuels, and they don't have a truly reliable way of importing them (and any import will always be vulnerable anyway).
So they are left with coal, nuclear, wind, and sun to build energy independence with. This is the primary driver of massive "green" investment (and coal investment too). They want all their energy made in house with what they have, which turns out to be a lot of cheaply accessible sun and wind.