If you're referring to the $33K figure, I got that from Justin Wolfers, one of the best economists working today. Show me a better one.
Aliexpress no longer an option
Anyone try to buy from Aliexpress recently? I went in to pick up some copper banana connectors, added them to my cart to find out what our new tariffs look like. $13.00 set of 4 bananas, $1.14 tax, $1.20 shipping and $23.40 customs fee! That for a $13.00 item. Trade war has arrived at our door. Grrrrrrr….
Please reframe from the political debates/opinions I just wanted to inform USA audio shoppers what our China tariff reality is now.
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I am not an economist
You can’t turn around an ocean liner on a dime. For 20/30 years , US budget deficit soared . Completely Un controlled. China ´s exportation ( US comercial defecit) filled that big financial hole . Maximising his industrial structures. Japan and China owns most of the US tresories. No tariffs will bring back US industrial supremacy. And US is way behind using robots on the production ´s chain. Chinese are also way ahead about batteries , electrification , etc. Chinese products are not junk . They were able to ´´ land ´´ on the dark side of the moon.
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Not Charles Schwab. He made $2 Billion after the Orange One said it’s a good time to buy. - - - -
Ideally, the key is to lower the Cost of Living - with minimal lowering of our standard of living - not an easy task. The CoL has aggressively shot up when government deregulation became a mantra. Guess who started that? (Hint: There was money to be made by deregulation.) |
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