Photo above – China claims it has diverted an entire container ship full of 80 cent jeans to Indonesia, because of Trump's tariffs.
I don’t recall EVER buying jeans for less than $10. But now China says that its 80 cents (wholesale) jeans are going everywhere EXCEPT the USA. (see link below)
What’s the profit margin on something that only costs 80 cents to make, and retails for $19.99 on Amazon? And more to the point, what are the labor and materials cost that go into a pair of 80 cent jeans? Those workers are being paid so little they probably can’t even afford to look at China’s new bullet trains, let alone take a ride to Kangbashi, that half-built city in the Mongolian desert. (Here’s an idea – can we send our deported migrants Kangbashi, instead of Africa? There are evidently 65 million vacant apartments in China's ghost cities.)
I’m being deluged with iPhone 17 ads. The list price of a Foxconn/China assembled 17 seems no higher than previous iPhone 15 or 16 models. In fact, both Verizon and T-Mobile are giving the new iPhone 17 away for free (see second link below). If they're free, then the USA isn’t collecting any import tariffs on them, right?
Can some historical quotes help us understand today's news? How about “We will bury you!!!” (Nikita Khruschev) or “race to the bottom”?
I honestly believe that a shortage of 80 cent jeans and free iPhones could cause a recession in America. If people aren’t churning their paychecks into disposable fashion and that 3-year-long service contract on a “free” iPhone, then Amazon and Verizon earnings might take a hit. In fact, the whole US stock market may take a hit if there's a recession. Does the phrase “Octoberphobia” ring a bell?
I’m just sayin’ . . .
China Floods the World With Cheap Exports After Trump’s Tariffs
New Apple iPhone 17: Deals, Prices, Colors, Features & Specs
China threatens to “flood the world” with 80 cent jeans because of Trump’s tariffs . . .
byu/baltimore-aureole ineconomy
by baltimore-aureole
18 comments
Maybe this works 40 years ago, but all the girls today are wearing spandex athleisure wear.
Trump opened fire, it’ shooting from everywhere…
Does China think the US makes jeans?
Are we assuming robotics are not making the jeans? Maybe their are no workers involve beyond maintaining the robots
Ah, yes. Because selling below cost to spite someone is always a good plan.
But I don’t understand – all the lefties on Reddit (90% of the posters) assure me that Communism will usher in a workers’ paradise – yet in the PRC workers toil for a pittance producing cheap jeans for foreign consumers. Sounds like a pretty raw deal to me.
I bought used jeans this year for $9 on ebay.
Why would they want to do this – to hurt big American brands like Levi’s ? (Who would lose sales in those markets)
We need to take all those unsold soybeans and nationalize tofu and soy sauce production and flood the world market. Make it a real trade war.
If that is the wholesale price, it says a lot about where money in American is flowing. Not to production but to middlemen, retailer rent, distribution, advertising, taxes, etc.
No one is buying 80 cent jeans. Or the $10 they’ll sell at
They got the talking part done.
They are trolling us
I would love a 80 cent jeans, 50 cent shits and a dollar shoes.
How about $.80 cent EVs.
https://www.forbes.com/sites/brookerobertsislam/2021/03/10/the-new-automated-jeans-factory-in-la-a-blueprint-for-reshoring-apparel-manufacturing/
Do it
As soon as the leader should be protected, he turns himself to a parasit
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