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.
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.) |
During the next 4 years, there will be a major realignment of trading partners via various trade agreements. New suppliers will be found to replace the U.S. After substantial investment in infrastructure such as ports, trucking terminals, warehousing, etc.; former U.S. trading partners will not simply crawl back because there’s a new POTUS. That isn’t going to happen. They won’t trust the U.S. anymore as a good faith partner. In the meantime, tens of thousands of jobs at U.S. ports, U.S. terminals, U.S. warehousing will vanish. Ray Dalio, founder of Bridgewater Associates, the largest hedgefund in the U.S. says that there is danger ahead. |
